EQT Achieves its Net Zero Scope 1 and Scope 2 GHG Emissions Target Ahead of 2025 Goal

Core Insights - EQT Corporation has achieved net zero Scope 1 and Scope 2 greenhouse gas emissions ahead of its 2025 goal, marking it as the first traditional energy producer of scale to reach this milestone [1][3][8] Group 1: Achievements and Initiatives - The net zero status encompasses all of EQT's upstream operations, including recently acquired assets, which represented a 52% increase in starting-point emissions [1][2] - Key operational improvements contributing to this achievement include the replacement of over 9,000 pneumatic devices, resulting in an annual reduction of approximately 300,000 MT CO2e [2] - The electrification of frac fleets has reduced EQT's carbon footprint by an estimated 35,000-50,000 MT CO2e annually [2] - The implementation of a "combo-development" approach has improved drilling operations by approximately 30% and significantly reduced greenhouse gas emissions [2] - Emissions control devices installed on acquired Alta Resources assets eliminated approximately 35,000 MT CO2e of GHG emissions [2] - The establishment of the Appalachian Methane Initiative aims to enhance methane monitoring and remediation efficiency through coordinated satellite and aerial surveys [2] Group 2: Future Commitments - EQT's NetZero Now+ initiative reflects its commitment to maintaining net zero emissions across all assets in future years [3] - The company aims to offset remaining Scope 1 and Scope 2 GHG emissions through nature-based carbon sequestration projects in partnership with West Virginia [2][3] - The overall emissions reduction goal set in 2019 required a reduction or offset of over 600,000 MT CO2e, which has now been achieved [3][8]