**Strategic Acquisition of Equitrans Midstream**: EQT's acquisition of Equitrans Midstream has transformed it into the only large-scale vertically-integrated natural gas business in America. The company has successfully completed over 60% of its integration tasks within three months and has already realized $145 million in annualized cost savings, exceeding original expectations.
**Strong Operational Performance and Increased Completion Efficiency**: In Q3, EQT reported production volumes of 581 Bcfe, outpacing guidance by 4%. The company achieved record completion efficiency with footage completed per day averaging 35% faster than 2023 rates, enabling potential future capital savings of approximately $50 million to $60 million per year.
**Net Zero Greenhouse Gas Emissions**: EQT became the first large-scale traditional energy producer globally to achieve net zero Scope 1 and 2 emissions ahead of its 2025 goal, reinforcing its commitment to sustainability. This achievement is anticipated to enhance EQT's competitive positioning in the market.