Eqt Corp (EQT) SEC Filing 10-Q Quarterly report for the period ending Saturday, March 31, 2018

Exhibit 99.1

EQT Reports First Quarter 2018 Results

Operating cash flow is on the rise; per unit operating costs decline 26%

PITTSBURGH--(BUSINESS WIRE)--April 26, 2018--EQT Corporation (NYSE: EQT) today announced financial and operational performance results for the first quarter 2018.

Highlights:

• Announced plan to separate midstream and upstream businesses
• Announced midstream streamlining transaction details
• Recorded $2.3 billion non-cash impairment charge for Huron and Permian Plays
• Increase in adjusted operating cash flow of 116%
• Decrease of 26% in Production’s per unit cash operating costs

Net loss attributable to EQT for the first quarter 2018 was impacted by an impairment charge of $2.3 billion associated with the Huron and Permian Plays; increases in other operating costs; lower gains on derivatives not designated as hedges; and higher interest expense, which more than offset higher revenue from an 88% increase in sales volume, lower corporate income taxes, and higher pipeline and net marketing services revenue. Net cash provided by operating activities was higher as a result of an increase in sales volume, partly offset by an increase in cash operating costs.

Adjusted net income attributable to EQT increased 253% for the first quarter 2018, excluding the impairment charge, non-cash derivative gains, and approximately $35.7 million of transaction-related expenses. Adjusted operating cash flow attributable to EQT increased 116%, including the transaction-related expenses and excluding the non-controlling interests in EQT Midstream Partners, LP (EQM) and Rice Midstream Partners LP (RMP).