EQT Corp. announced today it has closed on the sale of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and its affiliates. EQT received approximately $1.25 billion in cash proceeds, less closing adjustments, from the sale, which was used to repay outstanding borrowings under its revolving credit facility. Investor Contact Cameron Horwitz Managing Director [...]
EQT Corp. announced today that it has closed on the formation and funding of its previously announced midstream joint venture with an affiliate of Blackstone Credit & Insurance ). EQT received $3.5 billion of cash consideration, net of certain transaction fees and expenses, from BXCI in exchange for a non-controlling common equity interest in the JV. EQT used the proceeds from this transaction to pay down its term loan [...]
EQT Corp. today announced the early results and upsizing of the previously announced tender offer by its indirect wholly owned subsidiary, EQM Midstream Partners, LP , to purchase for cash EQM's outstanding 6.500% Senior Notes due 2048 , 5.500% Senior Notes due 2028 , 4.50% Senior Notes due 2029 and 7.500% Senior Notes due 2030 and the early results of the related Consent Solicitation with respect to the 2028 Notes and [...]
Offer to Purchase for Cash Up to $1.275 Billion Aggregate Purchase Price for 6.500% Senior Notes due 2048, 5.500% Senior Notes due 2028, 4.50% Senior Notes due 2029 and 7.500% Senior Notes due 2030 Solicitation of Consents to Proposed Reporting Amendments to the Indentures Governing 6.500% Senior Notes due 2048 and 5.500% Senior Notes due 2028 EQT Corp. today announced that its indirect wholly owned subsidiary, EQM [...]
EQT Corp. announced today that it has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance , to form a new midstream joint venture consisting of EQT's ownership interest in high quality contracted infrastructure assets: Mountain Valley Pipeline, LLC - Series A, FERC regulated transmission and storage assets, and the Hammerhead Pipeline. Under the terms of the agreement BXCI will provide [...]
EQT Corp. today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies, de-risking more than 50% of total base plan synergies Sales volume of 581 Bcfe [...]
First Traditional Energy Producer of Scale in the World to Achieve Net Zero Scope 1 and Scope 2 GHG Emissions EQT Corp. , America's leading producer of natural gas, today announced that it has achieved its commitment to reach net zero Scope 1 and Scope 2 greenhouse gas emissions1 across the company's legacy operations ahead of its 2025 goal. This milestone covers the entirety of EQT's upstream operations, inclusive of the [...]
EQT Corp. today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.1575 per share, payable on December 2, 2024, to shareholders of record at the close of business on November 6, 2024. Investor Contact Cameron Horwitz Managing Director, Investor Relations & Strategy 412.445.8454 Cameron.Horwitz@eqt.com About EQT Corporation EQT Corporation is a premier, vertically integrated [...]
EQT Corp. plans to issue its third quarter financial and operating results news release after market close on Tuesday, October 29, 2024, and will host a conference call to review the results and other relevant matters on Wednesday, October 30, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit [...]
EQT Private Equity, together with its co-shareholders, to sell Open Systems to Swiss Post Under EQT's ownership, Open Systems transformed from a founder-led managed security services provider to a leading integrated network and cyber security company Since EQT's acquisition in 2017, Open Systems has almost doubled its revenues and more than tripled its EBITDA, while significantly expanding its product offering to support [...]
EQT, together with its peers in the Appalachian Regional Clean Hydrogen Hub, have advanced to Phase 1 Award Status from the U.S. Department of Energy EQT Corp. today announced that its strategic plans to produce clean hydrogen and low carbon aviation fuel from its low emissions Appalachian natural gas will advance into Phase 1 planning following the execution of a cooperative agreement between the Appalachian Regional [...]
EQT Corp. today announced financial and operational results for the second quarter of 2024. Second Quarter 2024 and Recent Highlights: Closed the acquisition of Equitrans Midstream Corporation a full quarter ahead of plan, resulting in approximately $150 million of savings relative to initial expectations; accelerates synergy capture and the commencement of deleveraging plan Sales volume of 508 Bcfe, above the high-end of [...]