EQT Achieves Landmark Net Zero Emissions, Publishes 2024 ESG Report

PITTSBURGH, June 24, 2025 – EQT Corporation (NYSE: EQT), a leading vertically integrated American natural gas company with significant production and midstream operations concentrated in the Appalachian Basin, today announced the release of its comprehensive 2024 Environmental, Social, and Governance (ESG) Report, aptly titled "Promises Made, Promises Delivered." This report marks a pivotal moment for the energy sector, as EQT proudly confirms its achievement of becoming the world's first large-scale traditional energy producer to reach net zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions.

A Decade of Transformative Progress

The 2024 ESG Report encapsulates EQT's profound transformation over the past five years, highlighting its unwavering commitment to sustainable energy production. This milestone is not merely a corporate achievement but a testament to the company's strategic investments in emissions reduction technologies, operational efficiencies, and responsible resource management. EQT's journey to net zero involved a multi-faceted approach, including the deployment of advanced leak detection and repair (LDAR) programs, electrification of operations, and the strategic use of renewable energy credits where direct emissions reductions were not immediately feasible.

Redefining Energy Leadership

EQT's accomplishment sets a new benchmark for the traditional energy industry, demonstrating that significant environmental stewardship can coexist with robust energy production. By achieving net zero Scope 1 and Scope 2 emissions, EQT is directly addressing the most controllable sources of greenhouse gases from its own operations. Scope 1 emissions are direct emissions from company-owned or controlled sources, while Scope 2 emissions are indirect emissions from the generation of purchased energy. This focus underscores EQT's leadership in mitigating climate impact within its operational footprint.

Market Context and Implications

This announcement comes at a critical juncture for the global energy market. As demand for cleaner energy sources grows and regulatory pressures intensify, EQT's proactive stance on emissions reduction positions it favorably. The natural gas industry, often viewed as a transitional fuel, benefits significantly from companies like EQT demonstrating a clear path to lower carbon intensity. This achievement could enhance EQT's appeal to ESG-focused investors and potentially lead to a lower cost of capital as sustainable finance gains prominence.

Furthermore, EQT's success could spur other traditional energy producers to accelerate their own decarbonization efforts, fostering a more competitive environment for environmental performance. The Appalachian Basin, a key natural gas producing region, stands to benefit from EQT's leadership, potentially attracting more sustainable investment into the area.

Investment Insights

For investors, EQT's net zero achievement presents several compelling considerations:

• Enhanced ESG Profile: EQT's strong ESG credentials may attract a broader base of institutional and retail investors who prioritize sustainability, potentially leading to increased demand for its stock.
• Reduced Regulatory Risk: Proactive emissions reduction can mitigate future regulatory risks and potential carbon taxes, providing greater long-term operational stability.
• Operational Efficiency: The initiatives undertaken to achieve net zero often result in improved operational efficiencies and cost savings, contributing to stronger financial performance.
• Competitive Advantage: Being a first-mover in net zero for large-scale traditional energy production provides a significant competitive advantage in a rapidly evolving energy landscape.

Investors should monitor how this achievement translates into financial metrics, such as improved access to green financing, potential premium valuations compared to peers with higher emissions, and sustained operational excellence. EQT's commitment to transparency, as evidenced by this detailed ESG report, provides valuable data for informed investment decisions.

Looking Ahead

EQT's "Promises Made, Promises Delivered" report is more than just a retrospective; it's a forward-looking statement of intent. The company plans to continue its leadership in responsible energy production, exploring further innovations in carbon capture, utilization, and storage (CCUS), and advocating for policies that support a sustainable energy transition. This landmark achievement solidifies EQT's position not just as a major energy producer, but as a responsible corporate citizen committed to a sustainable future.