Earth-boring tools including movable formation-engaging structures and related methods

An earth-boring tool, comprising:

• a body comprising a plurality blades;
• a cutting element attached to one of the plurality of blades of the body;
• and
• a formation-engaging structure attached to the one of the plurality of blades of the body, the formation-engaging structure being at least partially within a cutting path traversed by the cutting element, the formation-engaging structure being movable during a drilling operation between a first position and a second position, wherein:
• the formation-engaging structure is located entirely below an upper surface of the one of the plurality of blades when the formation-engaging structure is in the first position;
• and
• at least a portion of the formation-engaging structure is located above an upper surface of the one of the plurality of blades when the formation-engaging structure is in the second position, a height of the cutting element above the one of the plurality of blades being greater than an exposure of the formation-engaging structure.

A method of drilling a subterranean formation, comprising:

• drilling a first section of a wellbore in a formation using an earth-boring tool including a cutting element attached to one of a plurality of blades of a body of the earth-boring tool and a movable formation-engaging structure attached to the one of the plurality of blades of the body while the formation-engaging structure is in a first position in which the formation-engaging structure is located at least partially within a cutting path traversed by the cutting element, a height of the cutting element above the one of the plurality of blades being greater than an exposure of the formation-engaging structure;
• moving the formation-engaging structure from the first position to a second position in which the formation-engaging structure is located adjacent to the cutting path traversed by the cutting element to engage the formation;
• and
• drilling a second section of the wellbore in the formation using the earth-boring tool while the formation-engaging structure is in the second position to engage the formation.