EQT Corporation Investor Presentation — February 2018

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February 15, 2018Analyst PresentationCautionary Statements

2EQT Corporation (NYSE: EQT)

625 Liberty Avenue, Suite 1700

Pittsburgh, PA 15222

Pat Kane -Chief Investor Relations Officer (412) 553 -7833

The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only p roved, probable and possible reserves that a company anticipates as of a given

date to be economically and legally producible and deliverable by application of development projects to known accumulations. Weuse certain terms in this presentation, such as “EUR” (estimated ultimate

recovery) and total resource potential, that the SEC’s rules strictly prohibit us from including in filings with the SEC. We caution you that the SEC views such estimates as inherently unreliable and these

estimates may be misleading to investors unless the investor is an expert in the natural gas industry. We also note that the SEC strictly prohibits us from aggregating proved, probable and possible (3P)

reserves on filings with the SEC due to the different levels of certainty associated with each reserve category.

Disclosures in this presentation contain certain forward -looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of

1933, as amended. Statements that do not relate strictly to historical or current facts are forward -looking. Without limiting th e generality of the foregoing, forward -looking statements contained in this

presentation specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation and its subsidiaries (EQT), including

guidance regarding EQT’s strategy to develop its reserves; drilling plans and programs (including the number, type, depth, la teral lengths, and locations of wells to be drilled, number of frac crews and number