EQT (EQT) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 18, 2026 astatine 10:49 AM CST 57 min read

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Wednesday, Feb. 18, 2026 astatine 10 a.m. ET

• President and Chief Executive Officer — Toby Rice

• Chief Financial Officer — Jeremy Knop

• Managing Director, Investor and Strategy — Cameron Horwitz

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Operator: Ladies and gentlemen, convey you for lasting by. My sanction is Krista, and I volition beryllium your league relation today. At this time, I would similar to invited you to the EQT Corporation Fourth Quarter and Full Year 2025 Results Conference Call. All lines person been placed connected mute to forestall immoderate inheritance noise. After the speakers' remarks, determination volition beryllium a question and reply session. If you would similar to inquire a question astatine that time, simply property prima past the fig 1 connected your telephone keypad. And if you would similar to retreat your question, again, prima one. Thank you. I would present similar to crook the league implicit to Cameron Horwitz, Managing Director, Investor and Strategy. Cameron?

Please spell ahead.

Cameron Horwitz: Good morning, and convey you for joining our 4th fourth and twelvemonth extremity 2025 Earnings Results Conference Call. With maine contiguous are Toby Rice, President and Chief Executive Officer and Jeremy Knop, Chief Financial Officer. In a moment, Toby and Jeremy volition contiguous their prepared remarks with a question and reply league to follow. An updated capitalist presumption has been posted to the Investor Relations information of our website and we volition notation definite slides during today's discussion. A replay of today's telephone volition beryllium disposable connected our website opening this evening. I would similar to punctual you that today's telephone whitethorn incorporate forward-looking statements.

Actual results and aboriginal events could materially disagree from these forward-looking statements due to the fact that of factors described successful yesterday's net merchandise and our capitalist presentation, the Risk Factors conception of our astir caller Form 10, and consequent filings we marque with the SEC. We bash not undertake immoderate work to update immoderate forward-looking statements. Today's telephone besides contains definite non-GAAP fiscal measures. Please notation to our astir caller net merchandise and capitalist presumption for important disclosures regarding specified measures, including reconciliations to the astir comparable GAAP fiscal measures. With that, I volition crook the telephone implicit to Toby. Thanks, Cameron, and bully morning, everyone. 2025 was different stellar twelvemonth for EQT Corporation.

One successful which we were capable to intelligibly show the powerfulness of our platform. Over the past respective years, we person been intentionally gathering scale, vertical integration, operational excellence, and fiscal strength. That enactment is showing up successful measurable ways, successful our good show and our outgo structure, successful our escaped currency travel generation, and successful however we performed nether pressure. This morning, I volition locomotion done 4 areas that item that level strength. First, our operating show is the instauration of our platform. In 2025, we saw continued structural improvements crossed operational drivers, reinforcing the durability of our attraction superior program. Second, our fiscal spot brings powerfulness to the platform.