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Eqt Corp. – ‘8-K’ for 4/28/22

On:  Thursday, 4/28/22, at 4:24pm ET   ·   For:  4/28/22   ·   Accession #:  33213-22-15   ·   File #:  1-03551

Previous ‘8-K’:  ‘8-K’ on / for 4/27/22   ·   Next:  ‘8-K’ on / for 6/28/22   ·   Latest:  ‘8-K’ on / for 4/23/24   ·   6 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 4/28/22  Eqt Corp.                         8-K:8,9     4/28/22  112:15M

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     85K 
 2: EX-23.01    Consent of Expert or Counsel                        HTML     33K 
 3: EX-23.02    Consent of Expert or Counsel                        HTML     31K 
 4: EX-99.1     Miscellaneous Exhibit                               HTML   1.47M 
10: R1          Cover Page Document                                 HTML     69K 
11: R2          Audit Information                                   HTML     35K 
12: R3          Statements of Consolidated Operations               HTML    152K 
13: R4          Statements of Consolidated Comprehensive Loss       HTML     69K 
14: R5          Statements of Consolidated Comprehensive Loss       HTML     35K 
                (Parenthetical)                                                  
15: R6          Consolidated Balance Sheets                         HTML    151K 
16: R7          Consolidated Balance Sheets (Parenthetical)         HTML     39K 
17: R8          Statements of Consolidated Cash Flows               HTML    139K 
18: R9          Statements of Consolidated Equity                   HTML    120K 
19: R10         Statements of Consolidated Equity (Parenthetical)   HTML     46K 
20: R11         Summary of Significant Accounting Policies          HTML    136K 
21: R12         Revenue from Contracts with Customers               HTML     60K 
22: R13         Derivative Instruments                              HTML     55K 
23: R14         Fair Value Measurements                             HTML     53K 
24: R15         Equitrans Share Exchange                            HTML     35K 
25: R16         Acquisitions                                        HTML     89K 
26: R17         Asset Exchange Transactions                         HTML     36K 
27: R18         2020 Divestitures                                   HTML     36K 
28: R19         Income Taxes                                        HTML    117K 
29: R20         Debt                                                HTML    174K 
30: R21         Common Stock                                        HTML     34K 
31: R22         Changes in Accumulated Other Comprehensive Loss by  HTML     50K 
                Component                                                        
32: R23         Share-Based Compensation Plans                      HTML    187K 
33: R24         Concentrations of Credit Risk                       HTML     35K 
34: R25         Leases                                              HTML     55K 
35: R26         Commitments and Contingencies                       HTML     38K 
36: R27         Guarantees                                          HTML     34K 
37: R28         Natural Gas Producing Activities (Unaudited)        HTML    218K 
38: R29         Schedule Ii - Valuation and Qualifying Accounts     HTML     48K 
                and Reserves                                                     
39: R30         Summary of Significant Accounting Policies          HTML    144K 
                (Policies)                                                       
40: R31         Summary of Significant Accounting Policies          HTML    106K 
                (Tables)                                                         
41: R32         Revenue from Contracts with Customers (Tables)      HTML     56K 
42: R33         Derivative Instruments (Tables)                     HTML     60K 
43: R34         Fair Value Measurements (Tables)                    HTML     47K 
44: R35         Acquisitions (Tables)                               HTML     83K 
45: R36         Income Taxes (Tables)                               HTML    104K 
46: R37         Debt (Tables)                                       HTML    157K 
47: R38         Changes in Accumulated Other Comprehensive Loss by  HTML     50K 
                Component (Tables)                                               
48: R39         Share-Based Compensation Plans (Tables)             HTML    169K 
49: R40         Leases (Tables)                                     HTML     50K 
50: R41         Natural Gas Producing Activities (Unaudited)        HTML    214K 
                (Tables)                                                         
51: R42         Summary of Significant Accounting Policies -        HTML     76K 
                Narrative (Details)                                              
52: R43         Summary of Significant Accounting Policies -        HTML     37K 
                Summary of Prepaid Expenses and Other Current                    
                Assets (Details)                                                 
53: R44         Summary of Significant Accounting Policies -        HTML     42K 
                Schedule of Property, Plant and Equipment                        
                (Details)                                                        
54: R45         Summary of Significant Accounting Policies - Other  HTML     52K 
                Current Liabilities (Details)                                    
55: R46         Summary of Significant Accounting Policies - Asset  HTML     46K 
                Retirement Obligations (Details)                                 
56: R47         Summary of Significant Accounting Policies - Other  HTML     40K 
                Operating Expense (Details)                                      
57: R48         Summary of Significant Accounting Policies -        HTML     44K 
                Supplemental Cash Flow Information (Details)                     
58: R49         Revenue from Contracts with Customers -             HTML     62K 
                Disaggregation of Revenue (Details)                              
59: R50         Revenue from Contracts with Customers - Remaining   HTML     41K 
                Performance Obligations (Details)                                
60: R51         Derivative Instruments - Narrative (Details)        HTML     45K 
61: R52         Derivative Instruments - Schedule of Impact of      HTML     59K 
                Netting Agreements and Margin Deposits on Gross                  
                Derivative Assets and Liabilities (Details)                      
62: R53         Fair Value Measurements - Schedule of Assets and    HTML     49K 
                Liabilities Measured at Fair Value on a Recurring                
                Basis (Details)                                                  
63: R54         Fair Value Measurements - Narrative (Details)       HTML     48K 
64: R55         Equitrans Share Exchange (Details)                  HTML     50K 
65: R56         Acquisitions - Narrative (Details)                  HTML     77K 
66: R57         Acquisitions - Allocation of Purchase Price         HTML     62K 
                (Details)                                                        
67: R58         Acquisitions - Post-Acquisition Operating Results   HTML     42K 
                (Details)                                                        
68: R59         Acquisitions - Unaudited Pro Forma Information      HTML     51K 
                (Details)                                                        
69: R60         Acquisitions - Schedule of Purchase Price           HTML     60K 
                Allocation (Details)                                             
70: R61         Asset Exchange Transactions (Details)               HTML     45K 
71: R62         2020 Divestitures (Details)                         HTML     59K 
72: R63         Income Taxes - Schedule of Income Tax Benefit from  HTML     53K 
                Continuing Operations (Details)                                  
73: R64         Income Taxes - Narrative (Details)                  HTML    109K 
74: R65         Income Taxes - Schedule of Reconciliation of        HTML     50K 
                Income Tax Expense to Amount Computed at the                     
                Federal Statutory Rate (Details)                                 
75: R66         Income Taxes - Schedule of Reconciliation of the    HTML     42K 
                Beginning and Ending Amount of Reserve for                       
                Uncertain Tax Positions(Excluding Interest and                   
                Penalties) (Details)                                             
76: R67         Income Taxes - Summary of Source and Tax Effects    HTML     65K 
                of Temporary Differences between Financial                       
                Reporting and Tax Bases of Assets and Liabilities                
                (Details)                                                        
77: R68         Debt - Schedule of Long-Term Debt (Details)         HTML    120K 
78: R69         Debt - Narrative (Details)                          HTML    215K 
79: R70         Debt - Summary of Net Carrying Amount of            HTML     43K 
                Convertible Notes (Details)                                      
80: R71         Debt - Convertible Debt (Details)                   HTML     41K 
81: R72         Debt - Schedule of Financial Statement Line Item    HTML    115K 
                (Details)                                                        
82: R73         Common Stock (Details)                              HTML     63K 
83: R74         Changes in Accumulated Other Comprehensive Loss by  HTML     60K 
                Component (Details)                                              
84: R75         Share-Based Compensation Plans - Schedule of        HTML     49K 
                Share-Based Compensation Expense (Details)                       
85: R76         Share-Based Compensation Plans - Narrative          HTML    143K 
                (Details)                                                        
86: R77         Share-Based Compensation Plans - Schedule of        HTML     84K 
                Executive Performance Incentive Programs (Details)               
87: R78         Share-Based Compensation Plans - Summary of Monte   HTML     42K 
                Carlo Simulation Valuation Method (Details)                      
88: R79         Share-Based Compensation Plans - Schedule of Value  HTML     55K 
                Driver Award Programs (Details)                                  
89: R80         Share-Based Compensation Plans - Summary of         HTML     69K 
                Restricted Stock Activity (Details)                              
90: R81         Share-Based Compensation Plans - Schedule of        HTML     49K 
                Valuation Assumptions for Non-Qualified Stock                    
                Options (Details)                                                
91: R82         Share-Based Compensation Plans - Summary of         HTML     63K 
                Non-qualified Option Activity (Details)                          
92: R83         Share-Based Compensation Plans - Valuation of       HTML     48K 
                Stock Appreciation Rights (Details)                              
93: R84         Share-Based Compensation Plans - Summary of Stock   HTML     61K 
                Appreciation Rights Activity (Details)                           
94: R85         Concentrations of Credit Risk (Details)             HTML     39K 
95: R86         Leases - Narrative (Details)                        HTML     62K 
96: R87         Leases - Lease Cost (Details)                       HTML     40K 
97: R88         Leases - Lease Maturity (Details)                   HTML     49K 
98: R89         Commitments and Contingencies (Details)             HTML     51K 
99: R90         Guarantees (Details)                                HTML     35K 
100: R91         Natural Gas Producing Activities (Unaudited) -      HTML     70K  
                Costs Incurred Relating to Natural Gas, NGL, and                 
                Oil Production Activities (Details)                              
101: R92         Natural Gas Producing Activities (Unaudited) -      HTML     59K  
                Results of Operations Related to Natural Gas, NGL                
                and Oil Production (Details)                                     
102: R93         Natural Gas Producing Activities (Unaudited) -      HTML     84K  
                Narrative (Details)                                              
103: R94         Natural Gas Producing Activities (Unaudited) -      HTML     81K  
                Schedule of the Entity's Proved and Unproved                     
                Reserves (Details)                                               
104: R95         Natural Gas Producing Activities (Unaudited) -      HTML     68K  
                Estimated Future Net Cash Flows from Natural Gas                 
                and Oil Reserves (Details)                                       
105: R96         Natural Gas Producing Activities (Unaudited) -      HTML     67K  
                Summary of Changes in the Standardized Measure of                
                Discounted Net Cash Flows (Details)                              
106: R97         Schedule Ii - Valuation and Qualifying Accounts     HTML     41K  
                and Reserves (Details)                                           
107: R9999       Uncategorized Items - _IXDS                         HTML     48K  
110: XML         IDEA XML File -- Filing Summary                      XML    212K  
108: XML         XBRL Instance -- eqt-20220428_htm                    XML   4.10M  
109: EXCEL       IDEA Workbook of Financial Reports                  XLSX    179K  
 6: EX-101.CAL  XBRL Calculations -- eqt-20220428_cal                XML    359K 
 7: EX-101.DEF  XBRL Definitions -- eqt-20220428_def                 XML   1.34M 
 8: EX-101.LAB  XBRL Labels -- eqt-20220428_lab                      XML   2.92M 
 9: EX-101.PRE  XBRL Presentations -- eqt-20220428_pre               XML   1.82M 
 5: EX-101.SCH  XBRL Schema -- eqt-20220428                          XSD    291K 
111: JSON        XBRL Instance as JSON Data -- MetaLinks              666±   977K  
112: ZIP         XBRL Zipped Folder -- 0000033213-22-000015-xbrl      Zip    520K  


‘8-K’   —   Current Report


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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM  i 8-K

CURRENT REPORT

Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported):  i April 28, 2022

 i EQT CORPORATION
(Exact name of registrant as specified in its charter)
 i Pennsylvania i 001-3551 i 25-0464690
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)

 i 625 Liberty Avenue, Suite 1700
 i Pittsburgh,  i Pennsylvania  i 15222
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: ( i 412)  i 553-5700

(Former name or former address, if changed since last report): None

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 i     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 i     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 i     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 i     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbolName of each exchange on which registered
 i Common Stock, no par value i EQT i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 i     Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01.          Other Events.

EQT Corporation (EQT or the Company) is filing this Current Report on Form 8-K (this Form 8-K) to recast certain financial information of the Company that was previously filed with the Securities and Exchange Commission (SEC) by the Company on February 10, 2022 in its Annual Report on Form 10-K for the year ended December 31, 2021 (the 2021 Form 10-K). As recast, such financial information reflects the adoption of Accounting Standards Update No. 2020-06 (ASU 2020-06) by the Company effective January 1, 2022 on a fully retrospective basis.

In Exhibit 99.1 to this Form 8-K, which is incorporated herein by reference, the Company has updated the following items of the 2021 Form 10-K to retrospectively reflect this change in accounting principle:
Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Part II, Item 8. Financial Statements and Supplementary Data
Statements of Consolidated Operations
Statements of Consolidated Comprehensive Loss
Consolidated Balance Sheets
Statements of Consolidated Cash Flows
Statements of Consolidated Equity
Note 1 - Summary of Significant Accounting Policies
Note 4 - Fair Value Measurements
Note 9 - Income Taxes
Note 10 - Debt

This Form 8‐K should be read in conjunction with the 2021 Form 10‐K, with revisions to the 2021 Form 10-K included in Exhibit 99.1 of this Form 8-K superseding the corresponding sections of the 2021 Form 10‐K. Except to reflect the matters specifically noted above, this Form 8‐K does not reflect events occurring after February 10, 2022 (the date on which the Company filed the 2021 Form 10‐K), and does not modify or update the disclosures therein in any way. More current information is contained in the Company’s subsequent filings with the SEC, including its Quarterly Report on Form 10‐Q for the quarterly period ended March 31, 2022, which was filed with the SEC on April 28, 2022.
Item 9.01.          Financial Statements and Exhibits.
(d) Exhibits.
23.01    Consent of Independent Registered Public Accounting Firm.
23.02    Consent of Netherland, Sewell & Associates, Inc.
99.1    Items from the 2021 Form 10-K, updated to reflect the adoption of ASU 2020-06: Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" and Part II, Item 8. "Financial Statements and Supplementary Data."
101    Interactive Data File.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

      







SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 EQT CORPORATION
(Registrant)
 By:/s/ David M. Khani
David M. Khani
Chief Financial Officer
 Date:   i April 28, 2022




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on / For Period end:4/28/2210-Q,  SC 13G/A
3/31/2210-Q
2/10/2210-K,  4,  SC 13G/A
1/1/224
12/31/2110-K,  5
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/19/24  EQT Corp.                         424B5                  2:942K                                   Toppan Merrill/FA
 1/17/24  EQT Corp.                         424B5                  1:901K                                   Toppan Merrill/FA
 9/22/22  EQT Corp.                         424B5                  2:980K                                   Toppan Merrill/FA
 9/20/22  EQT Corp.                         424B5                  1:945K                                   Toppan Merrill/FA
 9/16/22  EQT Corp.                         S-3ASR      9/16/22    7:408K                                   Toppan Merrill/FA


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/17/21  EQT Corp.                         10-K       12/31/20  118:17M
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