Content Indices

Global Reporting Initiative (GRI) Content Index

EQT has prepared its 2023 ESG Report with reference to the GRI 2021 standards.

GENERAL DISCLOSURES

GRI Standard	Disclosure	Description	Location, Direct Response, and Additional Information

The organization and its reporting practices

GRI 2: General Disclosures 2021

2-1	Organizational details	About EQT (Corporate Profile) 2023 Form 10-K pages 8-9; Our headquarters are located in Pittsburgh, Pennsylvania. We have operations in the United States of America.
2-2	Entities included in the organization’s sustainability reporting	About EQT (Corporate Profile) 2023 Form 10-K Exhibit 21
2-3	Reporting period, frequency and contact point	Our annual ESG report is prepared with information and data from January 1, 2023 through December 31, 2023, unless otherwise noted. Our annual Form 10-K financial report is prepared with information during the same timeframe as our ESG report. Our 2023 ESG Report was published on June 25, 2024. For questions related to our ESG Report, please contact Patrick O’Malley, Senior Counsel, Corporate & Securities (POMalley@eqt.com)
2-4	Restatements of information	2021 and 2022 spill amounts and volumes have been restated to reflect only spills greater than 5 gallons due to the fact that applicable state Departments of Environmental Protection do not require spills under 5 gallons to be reported. For more information see footnote 21 in the ESG Performance Data Download.
2-5	External assurance	We did not submit our 2023 ESG Report for external assurance; however, we did conduct a self-assessment of the report utilizing our Internal Audit team. Additionally, in 2022, we partnered with a public accounting firm to complete a pre-assurance evaluation of our 2021 ESG Report and leveraged the results of that evaluation to refine our self-assessment.

Activities and workers

GRI 2: General Disclosures 2021

2-6

Activities, value chain and other business relationships

About EQT (Corporate Profile)

2023 Form 10-K pages 14-15

2-7

Employees

ESG Performance Data Download

2-8

Workers who are not employees

Given that we have a significant number of contract workers, and the majority of our contract workers are not hired by EQT directly, but, rather, are employed by third-party service providers hired by EQT, we are unable to provide our exact number of contract workers. However, our records indicate that during 2023 (i) 13,608 unique contract workers checked-in at our well site guard shacks, and (ii) 32,220 contract workers completed our online EHS training module to obtain a security badge to enter our well sites or offices. The number of contract workers who checked-in at a guard shack is lower than the number of contract workers who completed our online EHS training given that not all contract workers perform work at our well sites, and, thus, do not have to check-in at a guard shack.

Governance

GRI 2: General Disclosures 2021

2-9	Governance structure and composition	Corporate Governance (Our Governance Structure)
2-10	Nomination and selection of the highest governance body	Corporate Governance (Our Governance Structure) The Corporate Governance Committee of our Board of Directors (the “Board”) identifies and recommends to the Board requisite skills and characteristics for individuals qualified to serve as directors. The Corporate Governance Committee identifies potential director candidates through many sources, including third-party search firms and unsolicited shareholder submissions. All our directors annually stand for election by our shareholders. For additional information on Board member qualifications, please see the Board of Directors page on our website and pages 14–18 of our 2024 Proxy Statement. For more information on our director nomination and selection process, see page 13 and pages 25–27 of our 2024 Proxy Statement.
2-11	Chair of the highest governance body	Board of Directors; The Chair of our Board of Directors is independent.
2-12	Role of the highest governance body in overseeing the management of impacts	Corporate Governance (ESG Oversight: ESG Strategy Development and Implementation) Climate Change Strategy (What We Are Doing: Governance, Risk Management) 2024 Proxy Statement page 23
2-13	Delegation of responsibility for managing impacts	Corporate Governance (ESG Oversight: ESG Strategy Development and Implementation) Climate Change Strategy (What We Are Doing: Risk Management) 2024 Proxy Statement page 23
2-14	Role of the highest governance body in sustainability reporting	Corporate Governance (ESG Oversight: ESG Reporting)
2-15	Conflicts of interest	We disclose conflicts of interest to stakeholders as required by law. Our Code of Business Conduct and Ethics outlines our policy to avoid conflicts of interest. We also have an internal Conflicts of Interest Policy. The majority of our directors are independent, and our Corporate Governance Committee monitors related-person transactions. For more information, see pages 30–36 of our 2024 Proxy Statement.
2-16	Communication of critical concerns	To achieve sustainable performance for shareholders, employees, landowners, customers, and communities, the Board is committed to overseeing EQT with integrity, accountability, and transparency. The Board welcomes input on how it is doing and provides stakeholders with multiple ways to communicate with our governing body. The Chair of the Board is a key point of contact on the Board for concerns or inquiries. Avenues for contacting the Chair or other members of the Board include: Communicating directly with the Board (and with independent directors, individually or as a group) by sending an email to independentchair@eqt.com or by traditional written correspondence, directed to our Corporate Secretary, sent to the following address: EQT Corporation c/o Corporate Secretary 625 Liberty Avenue Suite 1700 Pittsburgh, Pennsylvania 15222 Communications sent to our Corporate Secretary are reviewed by the Corporate Secretary, or an appropriate individual on his staff, and such communications are promptly delivered to the appropriate director or directors unless the communications are junk mail, spam or mass mailings. Communications may be made anonymously or confidentially. While we do not maintain a record of concerns communicated to the Board, we have conducted a formal shareholder engagement program since 2010 and we maintain active dialogue with our shareholders year-round. Through our investor relations program, senior executives hold meetings with our investors or potential investors to discuss operations, strategy, and other critical items as outlined on page 10 of our 2024 Proxy Statement. During 2023, our team had over 525 interactions with our shareholders, including meetings with over 200 individual firms covering more than 60% of our shareholder base. Our Chief Executive Officer or Chief Financial Officer participated in over 60% of these interactions with shareholders during 2023. Our management team uses our annual ESG Report to help guide conversations with investors regarding economic, environmental, and social topics. When investors pose specific questions, our management team schedules calls or meetings to address their inquiries accordingly. As described in Stakeholder Engagement and Materiality, the Board values and regularly considers the input and feedback of all stakeholders in its oversight of our sustainability efforts.
2-17	Collective knowledge of the highest governance body	Upon election, our directors participate in an initial orientation to Board service and routinely receive information from management, including presentations at Board meetings and interim updates between meetings, to inform them about company business — including information related to economic, environmental, and social topics. In 2023, the Board held five regular meetings and one special meeting. We also encourage our directors to participate in outside educational programs for which we fund or reimburse our directors’ participation.
2-18	Evaluation of the performance of the highest governance body	The Board and its Committees use performance assessments to evaluate how well they are fulfilling their governance responsibilities. The Board and its Committees conduct annual self-assessments and each director — in a discussion with the Chair of the Board — provides feedback on individual director performance. Although the Board does not publicly disclose any actions taken in response to its annual self-assessments, it takes the assessment process seriously and responds appropriately to the results to improve overall governance performance.
2-19	Remuneration policies	Corporate Governance (ESG Oversight: Compensation) Our independent director compensation — including descriptions of cash, equity-based, and other compensation — and related processes are outlined on pages 37–39 of our 2024 Proxy Statement. We also have compensation recoupment, or a “clawback,” policy applicable to current and former executive officers if we are required to prepare an accounting restatement due to material noncompliance with any financial reporting mandate under U.S. securities laws. The policy authorizes us to recoup certain compensation from covered executives who received equity or non-equity incentive compensation. See page 65 of our 2024 Proxy Statement for more details.
2-20	Process to determine remuneration	Corporate Governance (ESG Oversight: Compensation) Annually, the Corporate Governance Committee reviews, and the entire Board approves, the compensation of our executive officers. The Management Development and Compensation Committee of the Board establishes the target total direct compensation for executive officers by establishing base salaries, setting long-term and annual incentive targets, and approving perquisites. The Management Development and Compensation Committee approves annual and long-term incentive programs on a yearly basis with recommendations from management and an independent compensation consultant. For more information regarding our executive compensation process, see pages 48-52 of our 2024 Proxy Statement; additionally, pages 53–85 describe our executive compensation program and performance. The Management Development and Compensation Committee considers investor feedback during the design of our long-term incentive programs. At our 2023 annual meeting of shareholders, 98.8% of votes cast approved the “Say-on-Pay” proposal, approving the compensation of our named executive officers.
2-21	Annual total compensation ratio	See page 85 of our 2024 Proxy Statement Our Chief Executive Officer’s annual total compensation ratio was 78:1 in 2023. Our Chief Executive Officer’s total annual compensation was $10,600,926 in 2023 and the annual total compensation of the median employee of EQT was $135,105 in 2023, in each case as calculated pursuant to Securities and Exchange Commission rules.

Strategy, policies, and practices

GRI 2: General Disclosures 2021

2-22	Statement on sustainable development strategy	Letter from Our Chief Executive Officer
2-23	Policy Commitments	Ethics and Integrity (What We Are Doing) Our publicly available policies can be found here: EQT Corporation Code of Business Conduct and Ethics EQT Corporation Human Rights Policy We operate exclusively within the United States, and predominately within three states — Pennsylvania, West Virginia, and Ohio. All our employees speak English, and English is the primary language spoken by the population where we operate. Accordingly, our Code of Business Conduct and Ethics is only made available in English.
2-24	Embedding policy commitments	Ethics and Integrity (What We Are Doing) Our publicly available policies can be found here: EQT Corporation Code of Business Conduct and Ethics EQT Corporation Human Rights Policy
2-25	Process to remediate negative impacts	Economic and Societal Impact (Working with Communities: Addressing Complaints; Landowner Relations: Tracking and Responding to Concerns) Ethics and Integrity (What We Are Doing: Communicating Concerns)
2-26	Mechanisms for seeking advice and raising concerns	Ethics and Integrity (What We Are Doing: Communicating Concerns) Economic and Societal Impact (Landowner Relations: Tracking and Responding to Concerns) Ethics HelpLine +1 (800) 242-3109 Landowner Relations Webpage
2-28	Membership associations	Public Policy and Perception (What We Are Doing: Corporate Memberships)

Stakeholder engagement

GRI 2: General Disclosures 2021

2-29

Approach to stakeholder engagement

Stakeholder Engagement and Materiality (Engaging Stakeholders)

Corporate Governance (ESG Oversight: ESG Strategy Development and Implementation)

2-30

Collective bargaining agreements

None of our employees are covered by collective bargaining agreements.

Material topics

GRI 2: General Disclosures 2021

3-1	Process to determine material topics	Stakeholder Engagement and Materiality (Strategic Materiality Assessment)
3-2	List of material topics	Stakeholder Engagement and Materiality (Strategic Materiality Assessment: Material Topics)

TOPIC-SPECIFIC STANDARDS

GRI Standard	Disclosure	Oil and Gas Sector Standard	Description	Location, Direct Response, and Additional Information	Omission

Environmental

Climate Change Strategy

GRI 3: Material Topics

3-3

11.2.1

Management of material topics

Climate Change Strategy

GRI 201: Economic Performance 2016

201-2

11.2.2

Financial implications and other risks and opportunities due to climate change

2023 CDP Climate Change Response C2

GRI 11: Oil and Gas Sector 2021

—

11.2.4

Describe the organization’s approach to public policy development and lobbying on climate change

Climate Change Strategy

Public Policy and Perception (What We Are Doing: Public Policy Issues and Engagement)

Water

GRI 3: Material Topics 2021

3-3

11.6.1

Management of material topic

Water (What We Are Doing)

Water (How We Are Doing)

GRI 303: Water and Effluents 2018

303-1	11.6.2	Interactions with water as a shared resource	Water (What We Are Doing: Water Withdrawals)
303-2	11.6.3	Management of water discharge-related impacts	Water (What We Are Doing: Wastewater Management)
303-3	11.6.4	Water withdrawal	ESG Performance Data Download
303-4	11.6.5	Water discharge	ESG Performance Data Download
303-5	11.6.6	Water consumption	ESG Performance Data Download

Biodiversity and Land Impacts

GRI 3: Material Topics 2021

3-3

11.4.1

Management of material topics

Biodiversity and Land Impacts (What We Are Doing)

Biodiversity and Land Impacts (How We Are Doing)

GRI 304: Biodiversity 2016

304-1	11.4.2	Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas	Biodiversity and Land Impacts (What We Are Doing)	Confidentiality constraints 304-1-a-i: To protect the privacy of the landowners from which we lease land, and to safeguard our assets from potential physical attacks or acts of vandalism, we are unable to disclose the specific geographic location of our operational sites.
304-2	11.4.3	Significant impacts of activities, products, and services on biodiversity	Biodiversity and Land Impacts (What We Are Doing)
304-3	11.4.4	Habitats protected or restored	Biodiversity and Land Impacts (How We Are Doing)
304-4	11.4.5	International Union for Conservation of Nature Red List species and national conservation list species with habitats in areas affected by operations	Biodiversity and Land Impacts (How We Are Doing)

GRI 402: Labor/Management Relations 2016

402-1

11.7.2, 11.10.5

Minimum notice periods regarding operational changes

As a U.S.-based employer with more than 100 employees, EQT is required to comply with the Worker Adjustment and Retraining Notification (WARN) Act. Pursuant to the WARN Act, EQT is required to notify its employees at least 60 calendar days in advance of a plant closing or mass layoff, each as defined in the WARN Act.

GRI 11: Oil and Gas Sector 2021

—

11.7.4

List the operational sites that have closure and rehabilitation plans in place; have been closed; are in the process of being closed.

Number and location of wells decommissioned or rehabilitated in 2023:

Total: 73
17 located in West Virginia (5 conventional and 12 unconventional)
53 located in Pennsylvania (41 conventional and 12 unconventional)
2 located in Ohio (both unconventional)
1 located in Kentucky (unconventional)

Number and location of wells for which we had plans in place to decommission or rehabilitate in 2023:

Total: 153
6 located in West Virginia (all unconventional)
144 located in Pennsylvania (92 conventional and 52 unconventional)
1 located in Ohio (unconventional)
1 located in North Dakota (unconventional)
1 located in Utah (unconventional)

—

11.7.5

List the decommissioned structures left in place and describe the rationale for leaving them in place

Number and location of wells that were decommissioned on or prior to 12/31/2023, but as of 12/31/2023 still had operating structures in place:

Total: 5
All located in West Virginia

Each of the decommissioned wells are unconventional wells. These wells were decommissioned and plugged; however, there are still operating structures in place at the well pads where the decommissioned wells are located because there are other wells on or near the well site that are still producing or capable of production. We use the operating equipment to assist with the producing wells on or near the decommissioned well site.

—

11.7.6

Report the total monetary value of financial provisions for closure and rehabilitation made by the organization, including post-closure monitoring and aftercare for operational sites.

Information unavailable: We do not currently track the total monetary value of financial provisions for closure and rehabilitation.

Operational GHG Emissions

GRI 3: Material Topics 2021

3-3

11.1.1, 11.2.1, 1.3.1

Management of material topic

Operational GHG Emissions (What We Are Doing)

Operational GHG Emissions (How We Are Doing)

GRI 305: Emissions 2016

305-1	11.1.5	Direct (Scope 1) GHG emissions	ESG Performance Data Download
305-2	11.1.6	Energy indirect (Scope 2) GHG emissions	ESG Performance Data Download
305-3	11.1.7	Other indirect (Scope 3) GHG emissions	ESG Performance Data Download
305-4	11.1.8	GHG emissions intensity	ESG Performance Data Download
305-5	11.2.3	Reduction of GHG emissions	Operational GHG Emissions (How We Are Doing: GHG Emissions and Targets)
305-7	11.3.2	Nitrogen oxides, sulfur oxides, and other significant air emissions	ESG Performance Data Download Air Quality (How We Are Doing: Inspections and Benchmarking)	Information unavailable 305-7-a: We do not currently track Persistent Organic Pollutants, and we do not have any plans to begin tracking Persistent Organic Pollutants.

GRI 302: Energy 2016

302-1	11.1.2	Energy consumption within the organization	ESG Performance Data Download
302-2	11.1.3	Energy consumption outside of the organization		Information unavailable: We do not currently report this information.
302-3	11.1.4	Energy intensity	ESG Performance Data Download

Spills and Leaks

GRI 3: Material Topics 2021

3-3

11.8.1

Management of material topic

Spills and Leaks (How We Are Doing)

GRI 306: Effluents and Waste 2016

306-3

11.8.2

Significant spills

ESG Performance Data Download

Asset integrity and critical incident management

—

11.8.3

Report the total number of Tier 1 and Tier 2 process safety events, and a breakdown of this total by business activity (e.g., exploration, development, production, closure and rehabilitation, refining, processing, transportation, storage).

Information unavailable: We do not currently track safety events by business activity.

Waste

GRI 306: Waste 2020

306-1	11.5.2	Waste generation and significant waste-related impacts		Information unavailable: Based on our most recent materiality assessment conducted in 2022, Waste is not considered material for reporting purposes, therefore we do not disclose significant waste-related impacts.
306-2	11.5.3	Management of significant waste-related impacts		Information unavailable: Based on our most recent materiality assessment conducted in 2022, Waste is not considered material for reporting purposes, therefore we do not disclose the management approach for waste-related impacts.
306-3	11.5.4	Waste generated	ESG Performance Data Download
306-4	11.5.5	Waste diverted from disposal	ESG Performance Data Download
306-5	11.5.6	Waste directed to disposal	ESG Performance Data Download

Social

Talent Attraction and Retention

GRI 3: Material Topics 2021

3-3

11.7.1, 11.10.1, 11.11.1

Management of material topic

Talent Attraction and Retention (What We Are Doing)

Talent Attraction and Retention (How We Are Doing)

GRI 401: Employment 2016

401-1	11.10.2	New employee hires and employee turnover	Talent Attraction and Retention (How We Are Doing)
401-2	11.10.3	Benefits provided to full-time employees that are not provided to temporary or part-time employees	Talent Attraction and Retention (What We Are Doing: Employee Benefits)
401-3	11.10.4, 11.11.3	Parental leave	Talent Attraction and Retention (How We Are Doing: Parental Leave)

GRI 404: Training and Education 2016

404-1	11.10.6	Average hours of training per year per employee	ESG Performance Data Download
404-2	11.7.3, 11.10.7	Programs for upgrading employee skills and transition assistance programs	Talent Attraction and Retention (What We Are Doing: Employee Development)

GRI 405: Diversity and Equal Opportunity 2016

405-1	11.11.5	Diversity of governance bodies and employees	Talent Attraction and Retention (What We Are Doing: Diversity and Inclusion)
405-2	11.11.6	Ratio of basic pay salary and remuneration	Talent Attraction and Retention (What We Are Doing: Equitable Pay)

Workforce Health and Safety

GRI 3: Material Topics 2021

3-3

11.9.1

Management of material topic

Workforce Health and Safety (What We Are Doing)

Workforce Health and Safety (How We Are Doing)

GRI 403: Occupational Health and Safety 2018

403-1	11.9.2	Occupational health and safety management system	Workforce Health and Safety (What We are Doing: EHS Management System and Risk Identification)
403-2	11.9.3	Hazard identification, risk assessment, and incident investigation	Workforce Health and Safety (What We Are Doing: EHS Management System and Risk Identification)
403-3	11.9.4	Occupational health services	Workforce Health and Safety (Occupational Health Services)
403-4	11.9.5	Worker participation, consultation, and communication on occupational health and safety	Workforce Health and Safety (What We Are Doing: EHS Management System and Risk Identification)
403-5	11.9.6	Worker training on occupational health and safety	Workforce Health and Safety (What We Are Doing: Safety Training)
403-6	11.9.7	Promotion of worker health	Talent Attraction and Retention (What We Are Doing: Employee Benefits)
403-7	11.9.8	Prevention and mitigation of occupational health and safety impacts directly linked by business relationships	Workforce Health and Safety (What We Are Doing: EHS Management System and Risk Identification)
403-8	11.9.9	Workers covered by an occupational health and safety management system	Workforce Health and Safety (What We Are Doing: EHS Management System and Risk Identification)
403-9	11.9.10	Work-related injuries	Workforce Health and Safety (How We Are Doing)	Information unavailable 403-9-b: We are unable to include high-consequence work-related injuries for contractors as we do not currently track contractor recovery times for injuries.
403-10	11.9.11	Work-related ill health	Workforce Health and Safety (What We Are Doing: Safety Training) Workforce Health and Safety (How We Are Doing)

Economic and Societal Impact

GRI 3: Material Topics 2021

3-3

11.15.1

Management of material topics

Economic and Societal Impact (Working with Communities)

GRI 201: Economic Performance 2016

201-1

11.14.2, 11.21.2, 11.21.3

Direct economic value generated and distributed

2023 Form 10-K, page 25

GRI 203: Indirect Economic Impacts 2016

203-1	11.14.4	Infrastructure investments and services supported	Economic and Societal Impact (Giving Back to Our Communities)
203-2	11.14.5	Significant indirect economic impacts	Economic and Societal Impact (Supporting Local Economies)

GRI 204: Procurement Practices 2016

204-1

11.14.6

Proportion of spending on local suppliers

Economic and Societal Impact (Supporting Local Economies)

GRI 413: Local Communities

413-1	11.15.2	Operations with local community engagement, impact assessments, and development programs	Economic and Societal Impact (Working with Communities)
413-2	11.15.3	Operations with significant actual and potential negative impacts on local communities	Economic and Societal Impact (Working with Communities)

GRI 11: Oil and Gas Sector 2021

—

11.15.4

Report the number and type of grievances from local communities identified

Economic and Societal Impact (Working with Communities: Addressing Complaints)

GRI 414: Supplier Social Assessment 2016

414-1	11.10.8, 11.12.3	New suppliers that were screened using social criteria		Not applicable: Based on our most recent materiality assessment conducted in 2022, Supplier Social Assessment is not considered material for reporting purposes, therefore we do not disclose information about supplier screening and negative social impacts in our supply chain.
414-2	11.10.9	Negative social impacts in the supply chain and actions taken		Not applicable: Based on our most recent materiality assessment conducted in 2022, Supplier Social Assessment is not considered material for reporting purposes, therefore we do not disclose information about supplier screening and negative social impacts in our supply chain.

GRI 11: Oil and Gas Sector 2021

—

11.16.2

List the locations of operations that caused or contributed to involuntary resettlement or where such resettlement is ongoing. For each location, describe how peoples’ livelihoods and human rights were affected and restored.

Not applicable: Based on our most recent materiality assessment conducted in 2022, GRI OGSS 11.16.2 is not considered relevant for reporting purposes.

Governance

Public Policy and Perception

GRI 3: Material Topics 2021

3-3

11.22.1

Management of material topics

Public Policy and Perception (How We Are Doing)

GRI 415: Public Policy 2016

415-1

11.22.2

Political Contributions

Public Policy and Perception (How We Are Doing)

TOPICS IN THE APPLICABLE GRI SECTOR STANDARDS DETERMINED AS NOT MATERIAL

Topic	Explanation

GRI 11: Oil and Gas Sector 2021

Air Emissions	Not applicable: based on our most recent materiality assessment conducted in 2022, Air Emissions is not considered a tier 1 material topic and is therefore not relevant for reporting purposes.
Non-Discrimination and Equal Opportunity	Not applicable: based on our most recent materiality assessment conducted in 2022, Non-Discrimination and Equal Opportunity is not considered a tier 1 material topic and is therefore not relevant for reporting purposes.
Forced Labor and Modern Slavery	Not applicable: based on our most recent materiality assessment conducted in 2022, Forced Labor and Modern Slavery is not considered a tier 1 material topic and is therefore not relevant for reporting purposes.
Freedom of Association and Collective Bargaining	Not applicable: based on our most recent materiality assessment conducted in 2022, Freedom of Association and Collective Bargaining is not considered a tier 1 material topic and is therefore not relevant for reporting purposes.
Rights of Indigenous Peoples	Not applicable: based on our most recent materiality assessment conducted in 2022, Rights of Indigenous Peoples is not considered a tier 1 material topic and is therefore not relevant for reporting purposes.
Conflict and Security	Not applicable: based on our most recent materiality assessment conducted in 2022, Conflict and Security is not considered a tier 1 material topic and is therefore not relevant for reporting purposes.
Anti-Competitive Behavior	Not applicable: based on our most recent materiality assessment conducted in 2022, Anti-Competitive Behavior is not considered a tier 1 material topic and is therefore not relevant for reporting purposes. We report on our process for managing anti-competitive behavior annually. See our Code of Business Conduct and Ethics for additional information.
Anti-Corruption	Not applicable: based on our most recent materiality assessment conducted in 2022, Anti-Corruption is not considered a tier 1 material topic and is therefore not relevant for reporting purposes. We report on our process for managing anti-corruption annually. See our Code of Business Conduct and Ethics for additional information.
Payments to Governments	Not applicable: based on our most recent materiality assessment conducted in 2022, Payments to Governments is not considered a tier 1 material topic and is therefore not relevant for reporting purposes. We report on material disclosures related to tax annually. See our Form 10-K for additional information.

Sustainability Accounting Standards Board (SASB) Index

SUSTAINABILITY DISCLOSURE TOPICS AND ACCOUNTING METRICS — OIL AND GAS EXPLORATION AND PRODUCTION

Topic	Accounting Metric	Response/Location

Greenhouse Gas Emissions	SASB EM-EP-110a.1: Gross global Scope 1 emissions, percentage methane, percentage covered under emissions-limiting regulations	Operational GHG Emissions (How We Are Doing: GHG Emissions and Targets)
	SASB EM-EP-110a.2: Amount of gross global Scope 1 emissions from: (1) flared hydrocarbons, (2) other combustion, (3) process emissions, (4) other vented emissions, and (5) fugitive emissions	Operational GHG Emissions (How We Are Doing: GHG Emissions and Targets)
	SASB EM-EP-110a.3: Discussion of long-term and short-term strategy or plan to manage Scope 1 emissions, emissions reduction targets, and an analysis of performance against those targets	Operational GHG Emissions (What We Are Doing) Operational GHG Emissions (How We Are Doing: GHG Emissions and Targets)
Air Quality	SASB EM-EP-120a.1: Air emissions of the following pollutants: (1) NO_x (excluding N₂O), (2) SO_x, (3) volatile organic compounds (VOCs), and (4) particulate matter (PM₁₀)	ESG Performance Data Download Air Quality (How We Are Doing: Inspections and Benchmarking)
Water Management	SASB EM-EP-140a.1: (1) Total water withdrawn, (2) total water consumed; percentage of each in regions with High or Extremely High Baseline Water Stress	ESG Performance Data Download Water (What We Are Doing: Water Withdrawals) Water (How We Are Doing)
	SASB EM-EP-140a.2: Volume of produced water and flowback generated; percentage (1) discharged, (2) injected, (3) recycled; hydrocarbon content in discharged water	ESG Performance Data Download
	SASB EM-EP-140a.3: Percentage of hydraulically fractured wells for which there is public disclosure of all fracturing fluid chemicals used	100%; see Water (What We Are Doing: Hydraulic Fracturing) We strongly support transparency and disclose the chemical makeup of our fracturing (frac) fluids via FracFocus.org.
	SASB EM-EP-140a.4: Percentage of hydraulic fracturing sites where ground or surface water quality deteriorated compared to a baseline	Water (How We Are Doing)
Biodiversity Impacts	SASB EM-EP-160a.1: Description of environmental management policies and practices for active sites	Biodiversity and Land Impacts (What We are Doing: Ongoing Monitoring of Active Sites)
	SASB EM-EP-160a.2: (1) Number and (2) aggregate volume of hydrocarbon spills, (3) volume in Arctic, (4) volume impacting shorelines with ESI rankings 8-10, and (5) volume recovered	ESG Performance Data Download Spills and Leaks (How We Are Doing)
	SASB EM-EP-160a.3: Percentage of (1) proved and (2) probable reserves in or near sites with protected conservation status or endangered species habitat	Biodiversity and Land Impacts (How We Are Doing)
Security, Human Rights and Rights of Indigenous Peoples	SASB EM-EP-210a.1: Percentage of (1) proved and (2) probable reserves in or near areas of conflict	We do not have any reserves in or near areas of conflict.
	SASB EM-EP-210a.2: Percentage of (1) proved and (2) probable reserves in or near indigenous land	We do not have any reserves on any indigenous reservations or other lands on which indigenous peoples and communities have a current, consistent right of use under a treaty. A majority of our natural gas is produced in accordance with rigorous standards for responsible development maintained by Equitable Origin, known as the EO100™ Standard for Responsible Energy Development. The EO100™ Standard encompasses five principles: corporate governance and ethics; social impacts, human rights, and community engagement; Indigenous Peoples' rights; occupational health and safety and fair labor standards; and environmental impacts, biodiversity, and climate change. Based on a review of our operations and reserves, Equitable Origin determined that the Indigenous Peoples' rights principle was not applicable to us.
	SASB EM-EP-210a.3: Discussion of engagement processes and due diligence practices with respect to human rights, indigenous rights, and operation in areas of conflict	We do not operate in areas of conflict, and we do not have any reserves on any indigenous reservations or other lands on which indigenous peoples and communities have a current, consistent right of use under a treaty.
Community Relations	SASB EM-EP-210b.1: Discussion of process to manage risks and opportunities associated with community rights and interests	Economic and Societal Impact (Working with Communities)
Community Relations	SASB EM-EP-210b.2: (1) Number and (2) duration of non-technical delays	Our operations are subject to numerous regulatory and permitting requirements. We strive to account for potential delays in obtaining regulatory and permitting approvals or similar non-technical factors in our scheduling process. In 2023, none of our operations were stopped or delayed due to unanticipated non-technical factors.
Workforce Health and Safety	SASB EM-EP-320a.1: (1) Total recordable incident rate (TRIR), (2) fatality rate, (3) near miss frequency rate (NMFR), and (4) average hours of health, safety, and emergency response training for (a) direct employees and (b) contract employees	ESG Performance Data Download Workforce Health and Safety (How We Are Doing)
Workforce Health and Safety	SASB EM-EP-320a.2: Discussion of management systems used to integrate a culture of safety throughout the exploration and production lifecycle	Workforce Health and Safety (What We Are Doing)
Reserves Valuation & Capital Expenditures	SASB EM-EP-420a.1: Sensitivity of hydrocarbon reserve levels to future price projection scenarios that account for a price on carbon emissions	Climate Change Strategy (Natural Gas and a Lower-Carbon Future: Vision for EQT in the Energy Transition)
	SASB EM-EP-420a.2: Estimated carbon dioxide emissions embedded in proved hydrocarbon reserves	We estimate that we had 383,350 metric tons of CO₂ embedded in our proved hydrocarbon reserves in 2023.
	SASB EM-EP-420a.3: Amount invested in renewable energy, revenue generated by renewable energy sales	We invest an immaterial amount in renewable energy sources. We do not generate revenue through renewable energy sales.
	SASB EM-EP-420a.4: Discussion of how price and demand for hydrocarbons or climate regulation influence the capital expenditure strategy for exploration, acquisition and development of assets	Climate Change Strategy (Natural Gas and a Lower-Carbon Future) Climate Change Strategy (Accelerating the Lower-Carbon Transition: The Beliefs that Drive Us)
Business Ethics and Transparency	SASB EM-EP-510a.1: Percentage of (1) proved and (2) probable reserves in countries that have the 20 lowest rankings in Transparency International’s Corruption Perception Index	0%; EQT only operates in the United States; therefore, we have no reserves in applicable countries.
Business Ethics and Transparency	SASB EM-EP-510a.2: Description of the management system for prevention of corruption and bribery throughout the value chain	Ethics and Integrity (What We Are Doing)
Management of the Legal & Regulatory Environment	SASB EM-EP-530a.1: Discussion of corporate positions related to government regulations or policy proposals that address environmental and social factors affecting the industry	Public Policy and Perception (What We are Doing: Public Policy Issues and Engagement)
Critical Incident Risk Management	SASB EM-EP-540a.1: Process Safety Event (PSE) rates for Loss of Primary Containment (LOPC) of greater consequence (Tier 1)	We had one Tier 1 PSE in 2023. Based on 7,722,875 hours worked by employees and contractors our 2023 Tier 1 PSE rate is 0.03.
Critical Incident Risk Management	SASB EM-EP-540a.2: Description of management systems used to identify and mitigate catastrophic and tail-end risks	Economic and Societal Impact (Working with Communities: Emergency Preparedness and Disaster Response)

ACTIVITY METRICS

Activity Metric	Response/Location

SASB EM-EP-000.A: Production of: (1) oil, (2) natural gas, (3) synthetic oil, and (4) synthetic gas	Corporate Profile (Reserves and Production); we did not produce any synthetic natural gas or synthetic oil in 2023.
SASB EM-EP-000.B: Number of offshore sites	We do not operate any offshore sites.
SASB EM-EP-000.C: Number of terrestrial sites	As of December 31, 2023, we operated 691 well pads.

Task Force on Climate-related Financial Disclosures (TCFD) Index

Governance Disclose the organization’s governance around climate-related risks and opportunities.
a) Describe the board’s oversight of climate-related risks and opportunities.	Climate Change Strategy (What We are Doing: Governance); 2023 CDP Climate Change Response, C1
b) Describe management’s role in assessing and managing climate-related risks and opportunities.	Climate Change Strategy (What We Are Doing: Governance); Climate Change Strategy (What We Are Doing: Risk Management)
Strategy Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.
a) Describe the climate-related risks and opportunities the organization has identified over the short, medium and long term.	Climate Change Strategy (Vision for EQT in the Energy Transition); Climate Change Strategy (Accelerating the Lower Carbon Transition); 2023 Form 10-K, pgs. 26-30, 38-42
b) Describe the impact of climate-related risks and opportunities on the organization’s businesses, strategy and financial planning.	Climate Change Strategy (Vision for EQT in the Energy Transition); Climate Change Strategy (Accelerating the Lower Carbon Transition)
c) Describe the potential impact of different scenarios, including a 2°C scenario, on the organization’s businesses, strategy and financial planning.	Information unavailable. We have not conducted formal climate scenario analysis and thus do not disclose the results of a climate-related scenario analysis in this report. However, please refer to Climate Change Strategy (Vision for EQT in the Energy Transition) for our strategy for operating and excelling in a lower-carbon economy.
Risk Management Disclose how the organization identifies, assesses, and manages climate-related risks.
a) Describe the organization’s processes for identifying and assessing climate-related risks.	Climate Change Strategy (What We are Doing: Risk Management)
b) Describe the organization’s processes for managing climate-related risks.	Climate Change Strategy (What We are Doing: Risk Management)
c) Describe how processes for identifying, assessing and managing climate-related risks are integrated into the organization’s overall risk management.	Climate Change Strategy (What We are Doing: Risk Management)
Metrics and Targets Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities.
a) Disclose the metrics used by the organization to assess climate-related risks and opportunities in line with its strategy and risk management process.	Operational GHG Emissions (What We are Doing); Operational GHG Emissions (How We are Doing: GHG Emissions and Targets)
b) Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks.	ESG Performance Data Download; Operational GHG Emissions (How We Are Doing: GHG Emissions and Targets) We continue to explore new ventures and research alternative technologies to address our Scope 3 emissions, including the development of a Land-Based Carbon Credit Program. Refer to New Ventures for more details.
c) Describe the targets used by the organization to manage climate-related risks and opportunities and performance against targets.	Operational GHG Emissions (What We are Doing); Operational GHG Emissions (How We are Doing: GHG Emissions and Targets)

Content Indices

Global Reporting Initiative (GRI) Content Index

GENERAL DISCLOSURES

TOPIC-SPECIFIC STANDARDS

TOPICS IN THE APPLICABLE GRI SECTOR STANDARDS DETERMINED AS NOT MATERIAL

Sustainability Accounting Standards Board (SASB) Index

SUSTAINABILITY DISCLOSURE TOPICS AND ACCOUNTING METRICS — OIL AND GAS EXPLORATION AND PRODUCTION

ACTIVITY METRICS

Task Force on Climate-related Financial Disclosures (TCFD) Index

SHARE