EQT Corp Establishes $3.5 Billion Commercial Paper Program

Event Summary

On October 7, 2026, EQT Corporation established a short-term, unsecured commercial paper program under Section 4(a)(2) of the Securities Act of 1933.

Key Terms & Structure

• Program Size: Up to $3.5 billion in aggregate face or principal amount outstanding at any given time.
• Maturities: Up to 397 days from issuance date.
• Liquidity Backstop: Supported by EQT's existing senior unsecured revolving credit facility, with the company intending to maintain available capacity at least equal to outstanding commercial paper notes.
• Pricing & Ranking: Notes will be issued at par or discount, ranking at least pari passu with all other senior unsecured obligations.
• Current Issuance: As of the report date, no notes had been issued under the newly created facility.

Capital Allocation & Strategic Impact

Net proceeds from issuances under the program are slated for general corporate purposes, including working capital financing, capital expenditures, debt repayment, and potential acquisitions. This program lowers short-term borrowing costs relative to drawn bank lines and enhances liquidity management flexibility.