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Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The table below summarizes the Company's outstanding debt.
June 30, 2025December 31, 2024
 Principal ValueCarrying Value (a)Principal ValueCarrying Value (a)
 (Thousands)
EQT's revolving credit facility maturing July 23, 2030$— $— $150,000 $150,000 
Eureka's revolving credit facility maturing November 13, 2027282,000 282,000 320,800 320,800 
Debentures and senior notes:
EQT's 3.125% notes due May 15, 2026
392,915 391,801 392,915 391,193 
EQT's 7.75% debentures due July 15, 2026
115,000 114,461 115,000 114,213 
EQM's 7.500% notes due June 1, 2027
4,069 4,142 500,000 511,377 
EQT's 7.500% notes due June 1, 2027
495,925 504,440 — — 
EQM's 6.500% notes due July 1, 2027
48,868 52,222 900,000 915,538 
EQT's 6.500% notes due July 1, 2027
344,921 346,700 — — 
EQT's 3.90% notes due October 1, 2027
936,158 934,206 1,169,503 1,166,523 
EQT's 5.700% notes due April 1, 2028
500,000 493,773 500,000 492,640 
EQM's 5.500% notes due July 15, 2028
— — 118,683 118,204 
EQT's 5.500% notes due July 15, 2028
45,225 45,027 — — 
EQT's 5.00% notes due January 15, 2029
318,494 316,117 318,494 315,785 
EQM's 4.50% notes due January 15, 2029
8,338 8,031 742,923 711,754 
EQT's 4.50% notes due January 15, 2029
734,583 706,891 — — 
EQM's 6.375% notes due April 1, 2029
3,265 3,307 600,000 608,667 
EQT's 6.375% notes due April 1, 2029
596,725 603,781 — — 
EQT's 7.000% notes due February 1, 2030 (b)
674,800 671,952 674,800 671,641 
EQM's 7.500% notes due June 1, 2030
5,536 5,894 500,000 535,671 
EQT's 7.500% notes due June 1, 2030
494,086 525,994 — — 
EQM's 4.75% notes due January 15, 2031
9,616 9,177 1,100,000 1,045,219 
EQT's 4.75% notes due January 15, 2031
1,090,218 1,039,524 — — 
EQT's 3.625% notes due May 15, 2031
435,165 431,157 435,165 430,818 
EQT's 5.750% notes due February 1, 2034
750,000 743,193 750,000 742,796 
EQM's 6.500% notes due July 15, 2048
12,989 13,164 80,233 81,338 
EQT's 6.500% notes due July 15, 2048
67,196 68,083 — — 
Total debt8,366,092 8,315,037 9,368,516 9,324,177 
Less: Current portion of debt (c)392,915 391,801 320,800 320,800 
Long-term debt$7,973,177 $7,923,236 $9,047,716 $9,003,377 

(a)For EQT's and Eureka's revolving credit facilities, the principal value represents carrying value. For all other debt, the principal value less unamortized debt issuance costs, debt discounts and fair value adjustments recorded with Equitrans Midstream Merger purchase price accounting, as applicable, represents carrying value.
(b)Interest rates for EQT's 7.000% senior notes fluctuate based on changes to the credit ratings assigned to EQT's senior notes by Moody's, S&P and Fitch. Interest rates for the Company's other senior notes do not fluctuate.
(c)As of June 30, 2025, the current portion of debt included EQT's 3.125% senior notes. As of December 31, 2024, the current portion of debt included borrowings outstanding under Eureka's revolving credit facility.
Schedule of Debt Redeemed or Repurchased The Company repaid, redeemed or repurchased the following debt during the six months ended June 30, 2025.
Debt TranchePrincipalPremiums Paid
(Discounts Received)		Accrued but Unpaid InterestTotal Cost
(Thousands)
EQM's 6.500% notes due July 1, 2027 (a)
$506,209 $13,288 $6,489 $525,986 
EQT's 3.90% notes due October 1, 2027 (a)
233,345 (2,842)4,070 234,573 
EQM's 5.500% notes due July 15, 2028
73,456 2,878 1,190 77,524 
Total$813,010 $13,324 $11,749 $838,083 

(a)On February 24, 2025, the Company announced the commencement of tender offers (the Tender Offers) to purchase any and all of the outstanding 6.500% senior notes issued by EQM Midstream Partners, LP's (EQM), a wholly-owned subsidiary of EQT, and a certain amount of the outstanding 3.90% senior notes issued by EQT. On March 12, 2025, the Company settled the Tender Offers. In addition to call premiums paid (discounts received) shown above, the Company paid $2.7 million in fees to dealer managers and other non-lender parties in connection with the Tender Offers.