FAQ
EQT is the first traditional energy producer of scale to achieve net-zero Scope 1 and Scope 2 GHG emissions across its upstream assets.
EQT’s carbon footprint is constantly evolving with acquisitions and growth. Net ZeroNow+ reflects the achievement of our original net-zero Scope 1 and Scope 2 GHG emissions goal — announced in 2021 and achieved in 2024 — and our renewed commitment — announced in 2026 — to maintain net-zero Scope 1 and Scope 2 GHG emissions across our upstream operations throughout the years ahead.
Based on 2025 emissions and EQT-generated offsets, EQT maintained net-zero Scope 1 and Scope 2 GHG emissions across the entirety of its upstream operations (i.e., emissions from assets within the EPA’s Subpart W production segment). The achievement does not include emissions from EQT’s midstream operations (i.e., emissions from assets within the EPA’s Subpart W gathering and boosting segment or transmission and storage segment); however, the company is actively exploring and implementing emissions reductions efforts across its midstream business.
- EQT’s original net-zero announcement in 2024 noted that EQT achieved its commitment to reach net-zero Scope 1 and Scope 2 GHG emissions across the company's legacy operations ahead of its 2025 goal. This milestone covered the entirety of EQT's upstream operations – the historical business operations of EQT — in addition to certain assets acquired between 2021-2024, which were not part of the original target set in 2021 and collectively represented an approximately 52% increase relative to starting-point emissions.
- Since 2024, EQT has significantly expanded its midstream business, both organically and through acquisitions, such as the acquisition of Equitrans Midstream Corporation and Olympus Energy. EQT’s current net-zero commitment is focused on its upstream operations, where EQT has direct operational control and where emissions reduction initiatives can be most effectively implemented and measured. Midstream assets operate under a different operating model (based heavily on throughput volumes, including throughput from third party producers), ownership structure (often as part of a joint venture with other operators), and have a different emissions profile, which are managed through different emissions reduction strategies and targets. While emissions associated with EQT’s growing midstream portfolio are not included in its current net-zero target, EQT is actively evaluating these emissions and exploring opportunities to reduce them over time.
- Operational improvements accounted for a reduction in over 65% of Scope 1 and Scope 2 emissions from the legacy EQT business. These primarily included pneumatic device replacements, the electrification of frac fleets, our combo development drilling approach and the installation of emissions control devices on certain acquired assets.
- EQT developed a first-of-its-kind partnership with the State of West Virginia that enabled it to offset its remaining emissions that cannot be reduced with existing technologies. These efforts implement USDA conservation management practices and the offsets generated are verified by West Virginia University, ensuring economic and environmental benefits to the region.
Embedded into EQT’s culture is a commitment to breaking records, and our work does not stop here. Our NetZero Now+ initiative reflects both EQT’s achievement of its original goal - announced in 2021 and achieved in 2024 — to reach net-zero Scope 1 and Scope 2 GHG emissions across its upstream assets, and our renewed commitment — announced in 2026 — to maintain net-zero Scope 1 and Scope 2 GHG emissions across EQT’s upstream operations throughout the years ahead.
- Companies are increasingly divesting carbon-intensive operations or assets to achieve corporate net-zero targets. With this approach, the divested assets continue in operation, in many instances shifting to operators who are not subject to public scrutiny. This results in a shifting of emissions out of the hands of accountable operators, driven by a desire to achieve a corporate net-zero goal, and not a reduction in emissions aligned with achieving the world’s collective emissions reduction goals. At EQT, we are taking the opposite approach. We believe our record demonstrates both that we are a committed leader in emissions reduction and field measurement efforts and that we can accelerate achievement of global emissions reduction targets by growing our asset base through acquisitions. While such acquisitions would inherently ascribe to our company Scope 3 emissions of any future acquired operations (emissions that would exist even if they were not acquired by us), it also puts those operations in the hands of stewards that will be accountable for accelerating emissions reduction efforts.
- Looking ahead, we believe technologies like carbon capture, utilization and storage (CCUS) have the potential to further reduce the carbon intensity of natural gas and support broader emissions reduction goals. Through our work in enhanced gas recovery (EGR), we are evaluating how captured CO2 can be used to improve recovery from existing natural gas reservoirs while permanently storing a portion of that CO2 underground. In parallel, we are advancing Class VI carbon storage opportunities that could help customers address emissions associated with natural gas use. Together, these efforts represent a strategic extension of our emissions reduction leadership and position EQT to help drive lower-carbon energy solutions across the natural gas value chain, including Scope 3 emissions associated with end use.