Pittsburgh-based EQT Corp., the nation’s largest independent natural gas producer, will take a $1.4 billion to $1.8 billion noncash impairment charge in the fourth quarter.
EQT (NYSE: EQT) disclosed in a filing with the U.S. Securities and Exchange Commission that the writedown was due to depressed natural gas prices, the potential for selling noncore assets and the changes to EQT’s strategy and focus on developing its primary holdings. It said the range of the impairment charge, booked in the fourth-quarter…
