Impact on the Community

As a 120-year-old company, EQT has a major impact on the regions where we do business. We strive to conduct business as a good corporate citizen, contributing to the economy, environment and citizens in the Appalachian Basin — Kentucky, Pennsylvania, Virginia, and West Virginia while supplying energy, maintaining an exemplary safety record and providing a rewarding bottom line for our investors.

EQT's 1,700 well-paying jobs contribute to state and federal tax rolls, and we make significant purchases from local vendors. Both help create thriving economies in the regions where we do business.  

*Information compiled and analyzed in 2007 by Economic Development Research Group, Inc. for EQT’s Socioeconomic Impact Analysis.

Pennsylvania
Pittsburgh, Pennsylvania is home to EQT’s Corporate Headquarters.

In Pennsylvania, we have a direct economic impact on the state’s economy with 761 jobs and a payroll of approximately $160 million, including benefits. Plus, corporate purchasing requirements tied to operations and capital projects are worth more than $119 million – all in addition to providing natural gas to households and businesses in the region.

In terms of jobs and labor income supported throughout the six-county economy, the total impacts amount to 2,941 jobs and $257 million of labor income. Our 2007 revenues created a "spill-over" economic effect in additional business sales stimulus worth $287 million.

In 2007, EQT generated state and local tax revenues of $10.8 million, not including some portion of the combined federal and state employee income tax withholdings, valued at $4.3 million. These revenues help support public services and infrastructure at both the county and state level.

Kentucky
In Kentucky, we employed more than 200 people, all but three of whom lived in the region, in 2007. That means that the majority of their $11,063,462-after-tax wages stay in the area and are spent boosting the local economy.

As an employer, EQT contributes combined federal and state taxes of $24.8 million, money that goes into improving the local infrastructure, public safety, education resources and helps support a thriving economy in Kentucky.

In terms of jobs and labor income supported throughout the 22-county area, the total impacts amount to 4,982 jobs (2.4% of the region’s employment) and $220 million of labor income (1.8% of the region’s personal income).

Virginia
In Virginia, EQT provided 113 jobs in 2007, with a payroll of approximately $8 million (including benefits), and purchasing requirements tied to operations and capital projects of $207 million – all in addition to developing and delivering natural gas to serve out of state markets.

In terms of jobs and labor income supported throughout the six-county economy, the total impacts amount to 1,496 jobs and $64 million of labor income. Our revenues in 2007 added an additional business sales stimulus worth $174 million to the state of Virginia.

We contributed state and local tax revenues of $11.7 million, without including some portion of the combined federal and state employee income tax withholdings valued at $320,000. These revenues help support public services and infrastructure at both the county and state level.

West Virginia
In 2007 EQT provided West Virginia with 316 jobs, a payroll of approximately $27 million dollars, including benefits, and purchasing requirements tied to operations and capital projects of $392 million.

In terms of jobs and labor income supported throughout the 42-county economy, the total impacts amount to 3,325 jobs and $156 million of labor income. In addition to EQT revenues for the state in 2007, the "spill-over" effect generated additional business sales of $415 million.

We also contributed approximately $23.6 million, not including some portion of the combined federal and state employee income tax withholdings valued at $370,000, to state and local tax revenues in this region. These revenues help support public services and infrastructure at both the county and state level.

Good business for EQT also means good business for the states in which we operate. And just as the people of this region have always supported our business, we make it our business to support the region through direct and indirect economic impact, charitable giving via our foundation and the volunteer efforts of our employees.