No securities are beneficially owned.
Pursuant to that certain Voting Trustee Agreement, dated as of August 24, 2023, by and among Q-TH Appalachia (VI) Investment Partners, LLC ("Q-TH"), Q-XcL Holdings I (VI) Investment Partners, LLC ("Q-XcL"), U.S. Bank Trust Company, National Association (the "Voting Trustee"), and, for the limited purposes set forth therein, EQT Corporation (the "Issuer"), each of Q-XcL and Q-TH assigned to the Voting Trustee any and all of its respective voting power with respect to the shares of common stock, no par value, of the Issuer (the "Common Stock") that each of Q-XcL and Q-TH received (such received Common Stock, the "Shares") pursuant to the transactions contemplated by that certain Amended and Restated Purchase Agreement, dated as of December 23, 2022, as amended, by and among the Issuer, EQT Production Company (the "Buyer" and, together with the Issuer, the "EQT Parties"), THQ Appalachia I, LLC (the "Upstream Seller"), THQ-XcL Holdings I, LLC (together with the Upstream Seller, the "Sellers") and the subsidiaries of the Sellers named on the signature pages thereto, wherein the EQT Parties acquired the Sellers' upstream oil and gas assets and gathering and processing assets through the Buyer's acquisition of all of the issued and outstanding membership interests in THQ Appalachia I Midco, LLC and THQ-XcL Holdings I Midco, LLC in exchange for 49,599,796 shares of Common Stock and approximately $2.4 billion in cash, subject to customary post-closing adjustments. The Voting Trustee holds no dispositive power over the Shares, has no pecuniary interest in the Shares and disclaims beneficial ownership of the Shares.