Supported by

Toby Z. Rice

President and CEO

EQT Corporation

Toby
Toby

Toby Z. Rice is the President and Chief Executive Officer of EQT Corporation, America’s leading integrated natural gas producer and a driving force in advancing the role of natural gas in the global energy landscape. He co-founded Rice Energy in 2007 and built it into a top-ten U.S. natural gas producer through disciplined capital allocation, operational innovation and strategic acreage development, culminating in its acquisition by EQT in 2017. In 2019, he took over as President and CEO of EQT. Since becoming CEO of EQT in 2019, Rice has led a comprehensive transformation of the company, building one of the most efficient and technologically advanced operating platforms in the global natural gas industry. Under his leadership, EQT has reduced per-unit costs by approximately 30%, increased production by roughly 50%, and more than doubled profitability, while strengthening its balance sheet and free cash flow profile. He has overseen more than $20 billion in strategic acquisitions, including Chevron Appalachia, Alta Resources, Tug Hill, Equitrans Midstream and Olympus Energy, creating unmatched scale across upstream and midstream operations and positioning EQT as a premier integrated natural gas enterprise. Rice is a committed champion of natural gas as a cornerstone of modern life and economic development. He has consistently advocated for expanding U.S. natural gas production and LNG exports as a pragmatic pathway to enhance global energy security, lower costs for consumers and accelerate emissions reductions by replacing higher-emitting coal around the world. He frequently engages policymakers, industry leaders and global audiences on the opportunity to materially reduce global carbon emissions through coal-to-gas switching, while maintaining energy reliability and affordability. Under his leadership, EQT has driven measurable environmental performance improvements, achieving some of the lowest methane emission intensities in the industry and advancing toward net-zero operational targets through technology deployment, operational excellence and data-driven emissions management. Deeply committed to addressing global energy poverty, Rice founded Energy Corps, a nonprofit organization dedicated to expanding access to modern energy for the billions of people who still lack reliable electricity and clean fuels. Energy Corps mobilizes industry expertise and partnerships to deliver scalable energy solutions that unlock economic opportunity, improve living standards and support human development. Through operational excellence, disciplined growth and global advocacy, Rice continues to position EQT, and U.S. natural gas writ large, as critical drivers of economic prosperity, energy security and meaningful emissions reduction worldwide.

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