Highly attractive, low-risk, strategic bolt-on acquisition PITTSBURGH, Oct. 27, 2020 /PRNewswire/ -- EQT Corp. today announced that it has entered into a definitive purchase and sale agreement with Chevron U.S.A. Inc. under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for $735 million, subject to customary adjustments at closing. The transaction is expected to close late [...]
EQT Corp. announced today that it has commenced an underwritten public offering of 20,000,000 shares of its common stock . The Company intends to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed. The Company intends to use the [...]
Demonstrating continued progress in delivering value to stakeholders EQT Corp. today announced financial and operational performance results for the third quarter 2020. Third Quarter Highlights: Sales volumes of 366 Bcfe, in-line with guidance, despite 15 Bcf of volume curtailments Received an average realized price of $2.33/Mcfe, a $0.25 premium to NYMEX pricing Net cash provided by operating activities of $184 MM; free [...]
Highlights EQT as low emissions leader Aligned operational, corporate and ESG strategy driving sustainable, long-term value creation EQT Corp. today announced the release of its Environmental, Social and Governance Report, which outlines 2019 operational data and EQT's initiatives and strategies implemented to continuously improve the way it produces environmentally responsible, reliable, low-cost energy. The report [...]
EQT Corp. will host a conference call with securities analysts on Thursday, October 22, 2020, beginning at 9:00 a.m. ET Topics of the teleconference will include financial and operational results, and other matters, with respect to the third quarter 2020. A brief Q&A session for securities analysts will immediately follow the discussion. EQT plans to issue its financial and operating results prior to the market opening on [...]
For Any and All of Its Outstanding 4.875% Senior Notes due 2021 EQT Corp. announced today the results of its previously announced tender offer to purchase for cash any and all of its outstanding 4.875% Senior Notes due 2021 . The Tender Offer expired at 5:00 p.m., New York City time, on August 11, 2020 . As of the Expiration Date, approximately $101.5 million aggregate principal amount of the Notes were validly tendered [...]
For Any and All of Its Outstanding 4.875% Senior Notes due 2021 EQT Corp. announced today it has commenced a tender offer to purchase for cash any and all of its outstanding 4.875% Senior Notes due 2021 . The following table sets forth some of the terms of the Tender Offer: Title of Notes CUSIP Number Principal Amount Outstanding Consideration 4.875% Senior Notes due 2021 26884LAB5 $245,393,000 $1,032.50 Per $1,000 [...]
Recognizing twenty-one volunteer fire departments for their service As part of EQT Corp.'s continuing efforts to financially support communities in its core operational footprint, today the Company announced $210,000 in donations to local first responders. The donations were made to 21 volunteer fire departments identified as a primary first responder in the Company's current operations areas. The following departments [...]
Delivering on promises and setting the stage for continued value creation PITTSBURGH, July 27, 2020 /PRNewswire/ -- EQT Corp. today announced financial and operational performance results for the second quarter 2020. Second Quarter Highlights: Delivered sales volumes of 346 Bcfe or 3.8 Bcfe per day, 21 Bcfe above midpoint of guidance for second quarter 2020 Total operating revenues of $527 million; received an average [...]
EQT Corp. will host a conference call with security analysts on Monday, July 27, 2020, beginning at 10:30 a.m. ET Topics of the teleconference will include financial and operational results, and other matters, with respect to the second quarter 2020. A brief Q&A session for security analysts will immediately follow the discussion. EQT plans to issue its financial and operating results prior to the market opening on the [...]
Nonprofits throughout operating areas receive more than $500,000 in grants to bolster communities The EQT Foundation today announced the award of more than $500,000 in grants to nonprofit organizations and programs in southwestern Pennsylvania, eastern Ohio, and northern West Virginia. The grants are given to programs within the Foundation's core funding priorities of community enrichment, education and workforce, and [...]
EQT Corp. today announced that it has closed a transaction to sell certain non-strategic assets and implemented a strategic volume curtailment program. Asset Sale: EQT has closed a transaction to sell certain non-strategic assets located in Pennsylvania and West Virginia to Diversified Gas and Oil PLC, for an aggregate purchase price of $125 million in cash, subject to customary closing adjustments. The transaction [...]