EQT Corporation · NYSE:EQT
EQT — Investor Presentation (October 2022)
39 slides from EQT's investor presentation, October 2022
Slide 1: Landowner Town Hall Summer 2022
Landowner Town Hall Summer 2022
Slide 2: Agenda
Agenda • What We’ve Been Up To • Operations Update • Update on Community Engagement and Giving • Unleashing U.S. LNG and What It Means For You • Question & Answer 2
Slide 3: Operations Update
Operations Update
Slide 4: Utica Marcellus Northeast Appalachia Wells
United States Oil & Gas Wells Northeast Appalachia UTICA MARCELLUS 4
Slide 5: Multi-Decade Inventory of High-Quality Natural Gas Assets
Multi-Decade Inventory of High-Quality Natural Gas Assets Combination of scale, premier assets, and responsible development PURE-PLAY APPALACHIAN PRODUCER MEASURING OUR IMPACT #1 NE PA If EQT were a country, MARCELLUS it would be the ~1.0 Bcf/d 12th ~180k core net acres Producer of natural gas in th
Slide 6: Historical Henry Hub and TETCO M2 Gas Prices
$0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 $9.00 $10.00 Jan-16 Gas Prices May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 Jan-19 May-19 Sep-19 Jan-20 Henry Hub May-20 Sep-20 2020 Jan-21 May-21 Sep-21 TETCO M2 2021 Jan-22 May-22 Sep-22 2022 Historical Henry Hub and TETCO M2 Jan-23
Slide 7: Community Engagement and Giving
Community Engagement and Giving
Slide 8: Our landowners are our valued partners
Our landowners are our valued partners In the past year: 28,000 calls HOW TO US: 25,500 emails Call: ‒ Available Mon-Fri from 8AM-4:30 PM EST Email: 28,000 Website: Mail: EQT Production Company Attention: Owner Relations cases resolved 400 Woodcliff Drive Canonsburg PA 15317 13 days Our Owne
Slide 9: EQT Is Changing the World That We Touch
EQT Is Changing the World That We Touch Our operational presence within local communities makes a tremendous impact AMERICAN SHALE: A NEW HOPE 456,000 video views Digital Wildcatters 40,000 hours of watch time >$1 Billion Royalties paid to landowners during the pandemic years of 2020 & 2021 >$53 MM
Slide 10: EQT in the Community: Belmont County
EQT in the Community Active Community Partner in Belmont County • In the past two years, nearly $500,000 donated to local communities • Farm Bureau, Livestock Sales & Ohio Valley Farmers Market • Volunteer Fire Departments • Belmont College CDL Program Expansion & Women's Leadership Programs at OUE
Slide 11: EQT in the Community: Greene County
EQT in the Community Active Community Partner in Greene County • Nearly $1M in Community Support in 2021 • Fair sponsorship & livestock sales • Community summer concerts • Local volunteer fire department & Sheriff department support • Partnership with all local school districts on holiday donations,
Slide 12: EQT in the Community: Lycoming County
EQT in the Community Active Community Partner in Lycoming County Since July 2021, nearly $475,000 in Community Support • Local VFD & Police departments • Fairgrounds & community fair underwriting • Support at local colleges & universities including Lackawanna College & Penn College • Support for loc
Slide 13: EQT in the Community: Washington County
EQT in the Community Active Community Partner in Washington County More than $1.5M in Community Support in 2021 • Fairgrounds & community fair underwriting • Community park improvement projects • Local VFD & Police departments • Partnership with all local school districts on holiday donations, as we
Slide 14: EQT in the Community: West Virginia
EQT in the Community Active Community Partner in West Virginia More than $1.3M in Community Support in 2021 • Fair sponsorships & livestock sales • Community park improvement projects • Local VFD & Sheriff departments • Partnership with Boards of Education on holiday donations, as well as program su
Slide 15: GIVE Campaign
GIVE Campaign Partnering with royalty owners to help communities prosper IS THE PURPOSE: • Facilitate charitable donations for royalty owners • Donations will be MATCHED by (up to $10,000 per landowner) for first year DO DONATIONS GO: • GIVE Greene & GIVE Wetzel funds, established at the Community F
Slide 16: Unleashing U.S. LNG: The Largest Green Initiative on the Planet
Unleashing U.S. LNG: The Largest Green Initiative on the Planet
Slide 17: Energy Consumption Drives Human Progress
Energy Consumption Drives Human Progress 95 QUALITY OF LIFE1 LENGTH OF LIFE2 Social Progress Index 90 90 85 Life Expectancy 85 80 80 United 75 75 States 70 70 United 65 States 65 China India 60 60 China 55 55 India 50 50 45 45 - + 200 2,000 - + 100 1,000 10,000 Energy Use Energy Use Problem: Energy
Slide 18: Unleash U.S. LNG Key Takeaways
Unleash U.S. LNG Key Takeaways Global Emissions Targets Cannot be Reached by the U.S. Alone, International 1 Solutions are Needed 2 International Coal Use is a Key Obstacle to Reaching Emission Targets 3 Renewable Energy Sources are Only Part of the Solution, Not the Entire Solution U.S. Natural Gas
Slide 19: Underinvestment in E&P causes Major Energy Shortages
Underinvestment in E&P causes Major Energy Shortages Energy undersupply could be prevented with a more thoughtful, calculated transition Global Upstream Capex Energy Shortage High Energy Prices $700 bn 50% Decrease Rampant Inflation $350 bn War in Ukraine 2014 2021 19 1. Global Upstream Capex : Quan
Slide 20: Global emissions are rising, despite US leadership
Global emissions are rising, despite US leadership Global Emissions 4689 F T Zoe Global Leader 970 mm tons Global Laggard 4700 mm tons Emissions Change by Country from 2005 to 2019
Slide 21: Climate Change is a Global Problem
Climate Change is a Global Problem This Global Problem Cannot be Solved Without Addressing International1 Emissions Even if the United States were net zero today, the world would still miss its climate goals Projected Total Global CO2 Emissions Global 2019 Emissions from Coal, Oil, and Natural Gas2
Slide 22: The Elephant in the Room: International Coal
The Elephant in the Room: International Coal International Coal Use is at All Time Highs, and Rising… For the next 20 years, reducing international coal should be our top climate priority Change in CO2 Emissions Coal CO2 Emissions Current International Energy from Coal (2005-2019) (Billion metric to
Slide 23: The Carbon Budget Cannot Wait on Hoped-For Solutions
The “Carbon Budget” Cannot Wait on Hoped-For Solutions Limiting Remaining Emissions to < 500 Billion Metric Tons Requires Rapid Action Illustrative CO2 Emissions Abatement Trajectories Limiting our climate change GtCO2 Impact of delaying deployment of readily-available solutions strategy to ideal bu
Slide 24: Hoping Undeveloped Countries Can Afford a Renewables-Only Transition
“Hoping” Undeveloped Countries Can Afford a Renewables-Only Transition Eliminating Coal Requires Unsustainable Investment The substantial majority of the $16 Trillion needed would have to be borne by Renewables Investment Scenario undeveloped and Historical and Projected Renewable Investment vs. Nec
Slide 25: Natural Gas is the Electric Vehicle of Power Generation
Natural Gas is the Electric Vehicle of Power Generation Coal-to-Gas Switching and Vehicle Electrification Deliver the Same Percentage Emissions Reduction Electric Power Sector Transportation Sector Common Categorization: “Fossil Fuels” Equally Appropriate Categorization: “Cars” 60% 59% Coal Reductio
Slide 26: Renewable Energy Sources Not Keeping Up with Demand
Renewable Energy Sources Not Keeping Up with Demand Emissions from International Coal Consumption Up and On Pace to Continue Growing Emissions Increase from Emissions Reduction Coal Consumption (2021)1 from U.S. Wind and Solar (2019 v 2005)2 India Active Coal Power Plant + 500 Mt CO2 New Coal Power
Slide 27: The Basics of Coal-to-Gas Switching
The Basics of Coal-to-Gas Switching Need to Know… A 60% Reduction in CO2 Emissions Purpose • Natural gas power plants provide baseload energy, a perfect compliment to intermittent energy sources like wind and solar 60% Fewer Power Plants Needed • Natural gas plants run 50% more efficiently than coal
Slide 28: The U.S. Emissions Reduction Model: An Untold Success Story
The U.S. Emissions Reduction Model: An Untold Success Story U.S. Emissions Decreased by ~1 Billion Metric Tons of CO2 in 15 Years, Led by Natural Gas Replacing Coal • The U.S. leads all countries (and the entire EU) in emissions reduction since 2005 • The leading contributor to reducing emissions wa
Slide 29: Putting this Success into Perspective
Putting this Success into Perspective U.S. Coal-to-Gas Switching was the Largest Green Megaproject on the Planet U.S. Coal-to-Gas Switching • Funded by natural gas industry Impact of Green Mega Projects • Replaced >200 coal plants since 2005 (Annual Million Metric Tons CO2 Reduced 2005-2019) Germany
Slide 30: Why Haven't Others Followed Our Lead?
Why Haven’t Others Followed Our Lead? They Don’t Have Access to the Necessary Natural Gas Resources • ~2/3rds of the world’s natural gas is concentrated in four countries: United States, Russia, Iran and Qatar Natural Gas Economic Resources • Coal-reliant countries do not have the natural gas resour
Slide 31: Unleashing U.S. LNG: The Largest Green Initiative on the Planet
Unleashing U.S. LNG: The Largest Green Initiative on the Planet Equal to the Combined Impact of Every Domestic Mainstream Green Solution The Demand The Result • There is currently 175 Bcfd of coal-to-gas switching demand in • By 2030, an unleashed U.S. LNG scenario would reduce the world internation
Slide 32: The Only Blockade to Unlocking the Largest Green Initiative
The Only Blockade to Unlocking the Largest Green Initiative Example: A Misguided Opposition to Infrastructure Locations of Blocked / Cancelled Natural Gas Pipelines Cancelled Pillars for U.S. Pipelines LNG Expansion Natural Gas The U.S. natural gas industry is ready to Production ramp production now
Slide 33: Looking Forward: U.S. LNG Could Grow 6x the Current Pace
Looking Forward: U.S. LNG Could Grow Projected LNG Export Capacity Through 20301 6x the Current Obstructed Pace LNG Export Capacity (Bcfd) 60 Total U.S. Capacity by Emissions Opposition to Natural Gas 2030: 55 Bcfd Impact Infrastructure is Impeding What 50 is Possible 40 2022-2030: Additional LNG Ca
Slide 34: Our Industry is Ready to Execute Today
Our Industry is Ready to Execute Today Unleashing LNG Requires No Taxpayer Funding, With Activity Levels In-Line With Historic Pace • The U.S. natural gas industry stands ready to execute on this project today Upstream Pipeline LNG Terminals • We have the resources, Add Build Export labor, capital,
Slide 35: Adding Unleashed U.S. LNG to Build Back Better
Adding Unleashed U.S. LNG to Build Back Better U.S. Could Be Ahead of Our Net Zero Path Combined Solutions Put the U.S. Impact on Combining Domestic and International Global Emissions Ahead of the Net Zero Path Climate Change Policies By 2030 Domestic Reductions International Reductions 2022 2023 20
Slide 36: Unleash U.S. LNG Community Impact
Unleash U.S. LNG Community Impact Appalachia Will Be The Epicenter of The World's Largest Green Initiative • The economic impact is Royalties: $75 billion just the beginning. • Our plan costs taxpayers nothing. It actually benefits Jobs: 300,000 them. Over 20-30 Years • We can address climate Other
Slide 37: A Call to Action
A Call to Action What You Can Do to Help Unleash U.S. LNG + + = Industry Public Regulators Leader Continue executing Make your voice Demonstrate clear By unleashing U.S. LNG, on commitments to heard – it is the first support by prioritizing the U.S. can become a accelerate emissions step to unlockin
Slide 38: Scan This QR Code to Support Unleashing U.S. LNG
Scan This QR Code to Support Unleashing U.S. LNG 38
Slide 39: #UnleashUSLNG
4 #UnleashUSLNG