Eqt Corp Stock Price, News & Analysis

EQT (NYSE: EQT) announced the completion of its exchange offers and consent solicitations for EQM Midstream Partners notes. As of March 28, 2025, $3,869,493,000 principal amount of Existing EQM Notes were validly tendered.

For each $1,000 of notes tendered by the Early Tender Date (March 7, 2025), holders will receive $1.00 cash and $1,000 in new notes. Late tenders will receive $1.00 cash and $950 in new notes. The settlement is expected on April 2, 2025.

The new notes will maintain identical maturity dates, interest rates, and payment dates as the existing notes. EQM also completed a concurrent tender offer for its 6.500% Senior Notes due 2027, purchasing $506,209,000 of these notes on March 12, 2025.

EQT (NYSE: EQT) has announced an extension of the expiration date for its Exchange Offers and Consent Solicitations from March 24, 2025, to March 28, 2025, at 5:00 p.m., New York City time. The exchange offers involve replacing outstanding notes issued by EQM Midstream Partners, LP with new EQT notes worth up to $4.54 billion aggregate principal amount, plus cash.

The company has waived the Consent Threshold Condition requiring EQM to receive a minimum number of consents for proposed amendments. As of March 7, 2025, EQM received the required consents for all Existing EQM Notes except for the 5.500% Senior Notes due 2028. The settlement date is expected to be April 2, 2025.

The Exchange Offers are exclusively available to Eligible Holders, defined as qualified institutional buyers under Rule 144A or non-U.S. persons outside the United States under Regulation S. TD Securities and J.P. Morgan Securities are serving as Lead Dealer Managers for the exchange offers.

EQT (NYSE: EQT) has announced the pricing details for its tender offer to purchase its outstanding 3.900% Senior Notes due 2027. The tender offer includes an early tender premium of $50 per $1,000 principal amount of notes, with payment expected on March 12, 2025.

The company is offering to purchase notes for an aggregate purchase price up to $750,000,000 (the EQT Tender Offer Reference Amount), less the aggregate purchase price of EQM Midstream Partners' notes tendered in a separate offer. Due to high participation, EQT will accept notes on a pro rata basis and does not expect to accept additional tenders after the Early Tender Date.

The Early Tender Date was set at March 7, 2025, and the offer will expire on March 24, 2025. TD Securities and J.P. Morgan Securities are serving as Lead Dealer Managers for the tender offer.

EQT (NYSE: EQT) has announced the early results of its exchange offers and consent solicitations for EQM Midstream Partners notes. The exchange offers allow eligible holders to swap EQM notes for new EQT notes and cash. For each $1,000 of notes tendered by the Early Tender Date (March 7, 2025), holders will receive $1.00 in cash and $1,000 in new notes. Late tenders will receive $1.00 in cash and $950 in new notes.

The exchange offers expire on March 24, 2025, with settlement expected on March 26, 2025. EQM has received sufficient consents to modify all existing note indentures except for the 5.500% Senior Notes due 2028. The company is also conducting concurrent tender offers for EQM's 6.500% Senior Notes due 2027 and EQT's 3.900% Senior Notes due 2027.

EQT (NYSE: EQT) announced early results of two tender offers and a consent solicitation. The first is EQM Midstream Partners' tender offer to purchase all outstanding 6.500% Senior Notes due 2027, while the second is EQT's tender offer to purchase 3.900% Senior Notes due 2027 up to a specified tender cap.

The EQT Notes tender cap is set at $750,000,000 less the aggregate purchase price of tendered EQM Notes. Due to high participation by the Early Tender Date (March 7, 2025), EQT does not expect to accept additional EQT Notes tenders after this date. Payment for validly tendered Notes is expected on March 12, 2025.

The Total Consideration includes an early tender premium of $50 per $1,000 principal amount. For EQM Notes, the Total Consideration is $1,026.25 per $1,000 principal amount. EQM has received sufficient consents to adopt proposed amendments to eliminate substantially all restrictive covenants in the existing indenture.

EQT and its subsidiary EQM Midstream Partners have launched concurrent tender offers. EQM is offering to purchase any and all of its outstanding 6.500% Senior Notes due 2027, while EQT is offering to buy its 3.900% Senior Notes due 2027 for up to $750 million aggregate purchase price, less the amount spent on EQM Notes.

The tender offers expire on March 24, 2025. Holders who tender by March 7, 2025 (Early Tender Date) will receive the Total Consideration, including a $50 per $1,000 early tender premium. For EQM Notes, the Total Consideration is $1,026.25 per $1,000 principal amount. EQT Notes' pricing will be determined based on Treasury rates.

Additionally, EQM is soliciting consents to amend the indenture governing its 2027 Notes, which would eliminate most restrictive covenants and certain events of default. The company is also conducting a concurrent exchange offer allowing eligible EQM holders to exchange their notes for new EQT notes on a par-for-par basis.

EQT (NYSE: EQT) has announced exchange offers for up to $4.54 billion of outstanding notes issued by its subsidiary EQM Midstream Partners, LP. The exchange offers allow eligible holders to swap their existing EQM notes for new EQT notes and cash. The exchange offers will expire on March 24, 2025, with an early tender date of March 7, 2025.

Alongside the exchange offers, EQM is conducting consent solicitations to modify the existing notes' indentures, which would eliminate most restrictive covenants and certain events of default. Holders cannot tender notes without providing consent, and vice versa. The settlement date is expected to be March 26, 2025.

Concurrently, EQM launched a cash tender offer for its 6.500% Senior Notes due 2027, while EQT commenced a separate tender offer for its 3.900% Senior Notes due 2027. The new notes will maintain the same maturity dates, interest rates, and payment dates as the existing notes being exchanged.

EQT reported its Q4 and full-year 2024 results, achieving sales volume of 605 Bcfe in Q4, at the high end of guidance. The company generated $588 million in free cash flow with capital expenditures of $583 million, 7% below guidance. Year-end 2024 proved reserves totaled 26.3 Tcfe.

For 2025, EQT initiated production guidance of 2,175-2,275 Bcfe, 125 Bcfe above prior expectations. The company projects approximately $2.6 billion in free cash flow for 2025 and $3.3 billion for 2026 at recent strip pricing. Maintenance capital guidance is set at $1,950-$2,120 million with additional growth capital of $350-$380 million.

The company plans to reduce from 3 to 2 frac crews by end of Q1 2025, ahead of schedule due to efficiency gains. EQT expects to exit 2025 with approximately $7 billion of net debt, beating their $7.5 billion target.

EQT (NYSE: EQT) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.1575 per share. The dividend will be paid on March 3, 2025, to shareholders who are on record at the close of business on February 18, 2025.