ESG REPORTThis report contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking and are usually identified by the use of words such as “seek,” “strive,” “anticipate,” “estimate,” “could,” “would,” “will,” “may,” “forecast,” “approximate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words of similar meaning, or the negative thereof, in connection with any discussion of future operating or financial matters. Without limiting the generality of the foregoing, forward-looking statements contained in this report include the expectations of plans, strategies, objectives and growth, and anticipated financial, operational, and environmental, social, and governance (ESG) performance of EQT Corporation and its subsidiaries (collectively, EQT), including with respect to greenhouse gas (GHG) and methane emissions; GHG emissions reduction goals and the anticipated timing of achieving such goals, if at all; the implementation and timing of new ventures and technologies, if at all, and the anticipated benefits of implementing such new ventures and technologies; air quality; water management; biodiversity impacts; community relations; workforce health and safety; reserves valuation, capital expenditures, and well costs; the projected benefits of our combo-development strategy; business ethics and transparency; management of the legal and regulatory environment; and critical incident risk management.
The forward-looking statements included in this report involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, you should not place undue reliance on forward-looking statements as a prediction of actual results. EQT has based these forward-looking statements on current expectations and assumptions about future events, considering all information currently available to EQT. While EQT considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks and uncertainties, many of which are difficult to predict and beyond EQT's control. These risks and uncertainties include, but are not limited to: volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations, and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; EQT’s ability to appropriately allocate capital and other resources among its strategic opportunities; access to and cost of capital, including as a result of rising interest rates and other economic uncertainties; EQT’s hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting, and storing natural gas, natural gas liquids, and oil; cyber security risks and acts of sabotage; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and sand and water required to execute EQT’s exploration and development plans, including as a result of inflationary pressures; risks associated with operating primarily in the Appalachian Basin and obtaining a substantial amount of EQT’s midstream services from Equitrans Midstream Corporation; the ability to obtain environmental and other permits and the timing thereof; government regulation or action, including regulations pertaining to methane and other GHG emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to EQT’s business due to acquisitions and other strategic transactions, including the pending acquisition of Tug Hill and XcL Midstream. These and other risks and uncertainties are described under Item 1A, “Risk Factors,” in EQT’s Annual Report on Form 10-K for the year ended December 31, 2022, and in other documents EQT files from time to time with the Securities and Exchange Commission.
Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, EQT does not intend to correct or update any forward-looking statement, whether because of added information, future events, or otherwise.
Materials are used within this report to describe issues for voluntary environmental, social, and governance reporting that EQT considers to be of high or medium importance in terms of stakeholder interest and potential business impact. Material for the purposes of this report should not, therefore, be read as equating to any use of the word in other EQT reports or filings. No part of this report should be taken to constitute an invitation or inducement to invest in EQT.
