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EQT CORP - EQT STOCK NEWS

Welcome to our dedicated page for EQT news (Ticker: EQT), a resource for investors and traders seeking the latest updates and insights on EQT stock.

EQT Corporation (NYSE: EQT) is a leading independent natural gas producer in the United States. Operating primarily in the cores of the Marcellus and Utica Shales within the Appalachian Basin, EQT focuses on responsible and efficient development of its world-class asset base. The company’s operations span across Pennsylvania, West Virginia, and Ohio. EQT's commitment to environmental sustainability and operational efficiency positions it as a key player in producing environmentally responsible, reliable, and low-cost energy.

EQT employs advanced technology and combo-development projects to maximize the efficiency of its multiwell pads. With a strong emphasis on sustainable practices, the company is dedicated to reducing its environmental footprint and enhancing the safety of its employees, contractors, and local communities. EQT’s customer base includes marketers, utilities, and industrial operators primarily within the Appalachian Basin.

In recent achievements, EQT has executed significant strategic acquisitions, such as the integration of Tug Hill and XcL Midstream assets, which has enabled the company to lower operational costs and enhance production capacity. Furthermore, the company recently announced a public offering of $750 million in senior notes to refinance existing debt, showcasing its robust financial strategy.

EQT’s financial performance has been strong, with significant free cash flow generation even amidst fluctuating natural gas prices. The company reported a substantial increase in proved reserves, primarily from the Marcellus Shale. The ongoing acquisition of Equitrans Midstream Corporation is set to create a premier vertically integrated natural gas business, further enhancing EQT’s operational capabilities and market positioning.

The company’s recent decisions, such as the temporary production curtailment in response to market conditions and strategic divestitures, reflect EQT’s adaptive approach to market dynamics. With substantial liquidity and a firm commitment to operational excellence, EQT is well-positioned to continue delivering long-term value to its stakeholders.

News

EQT Announces Transformative Acquisition of Equitrans Midstream

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EQT and Equitrans Merge to Create America's Premier Vertically Integrated Natural Gas Company with an Enterprise Value over $35 Billion
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EQT Announces Strategic Production Curtailment

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EQT Corporation announces a strategic decision to curtail 1 Bcf per day of gross production due to low natural gas prices caused by warm weather, resulting in approximately 30 to 40 Bcf of net production curtailments in the first quarter.
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EQT Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance

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EQT Corporation (NYSE: EQT) reported strong financial and operational results for Q4 and full year 2023, with production meeting guidance, low cash operating expenses, and significant debt reduction. The company generated $236 million of free cash flow in Q4 and $879 million for the full year. Operational efficiencies improved by 22% year-over-year, with a focus on EHS goals. EQT retired $1.1 billion of debt, increased dividends by 5%, and achieved record reserves of 27.6 Tcfe. The company also signed major supply deals and advanced its LNG strategy. CEO Toby Z. Rice highlighted the company's 'Peak Performance' mission for 2023.
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EQT Declares Quarterly Cash Dividend

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EQT Corporation (NYSE: EQT) has declared a quarterly cash dividend of $0.1575 per share, payable on March 1, 2024, to shareholders of record at the close of business on February 20, 2024. This announcement reflects the company's commitment to providing returns to its shareholders and maintaining financial stability.
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EQT Announces Pricing of $750 Million of New Senior Notes

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EQT Corporation (EQT) has announced a $750 million public offering of senior notes due 2034 to repay borrowings under its term loan facility. The company will use the net proceeds to repay a portion of the borrowings incurred in connection with its acquisition of Tug Hill and XcL Midstream. The term loan facility's maturity date will be extended from June 30, 2025 to June 30, 2026. J.P. Morgan Securities LLC, MUFG Securities Americas Inc., TD Securities (USA) LLC, and Wells Fargo Securities, LLC are acting as joint book-running managers and underwriters for the Offering. The Notes will be issued pursuant to a prospectus supplement and the accompanying base prospectus.
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EQT Schedules Fourth Quarter and Year-End 2023 Earnings Release and Conference Call

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EQT Corporation (NYSE: EQT) will release its Q4 and year-end 2023 financial and operating results on February 13, 2024, followed by a conference call on February 14, 2024. The live audio webcast will be accessible on EQT's investor relations website, with a replay available for one year. Contact details for investor relations are provided for further inquiries.
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EQT Announces Tolling Agreement with Texas LNG

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EQT Corporation (NYSE: EQT) has entered into a Heads of Agreement with Texas LNG's facility in Brownsville, Texas to produce 0.5 million tons per annum of LNG under a 15-year tolling agreement. Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, anticipates a final investment decision in 2024, with first cargo deliveries expected in 2028. EQT's President and CEO, Toby Z. Rice, highlighted the company's differentiated LNG strategy, emphasizing upside exposure and downside risk mitigation. The company's low-cost structure, core inventory depth, and environmental attributes position it to compete in the global energy market, offering secure supply sources for meaningful emissions reductions via coal displacement.
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EQT Announces Redemption of Outstanding 1.75% Convertible Senior Notes due 2026

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EQT Corporation (NYSE: EQT) to redeem all outstanding 1.75% Convertible Senior Notes due 2026, totaling $290,177,000. The Redemption Date is January 17, 2024, with a Redemption Price of $1,000 per $1,000 in principal amount, plus accrued and unpaid interest. The Redemption is being made pursuant to the indenture governing the Notes.
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EQT Joins the Oil & Gas Decarbonization Charter

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EQT Corporation (NYSE: EQT) joins Oil and Gas Decarbonization Charter (OGDC) at COP28, aiming to accelerate climate action and achieve high-scale impact across the oil and gas sectors. EQT is dedicated to reducing methane emissions and achieving net zero greenhouse gas emissions by or before 2025. The company has been recognized with a 'Gold Standard' rating by the Oil & Gas Methane Partnership 2.0 (OGMP 2.0) for its ambitious methane emissions reduction targets and advanced commitment to accurately measuring, reporting, and reducing its company-specific and site level methane emissions.
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WhiteHawk Energy Announces $54 Million Acquisition of Core Marcellus Shale Natural Gas Mineral and Royalty Assets

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WhiteHawk Energy, LLC (NYSE: WHK) acquires additional Marcellus Shale natural gas mineral and royalty assets for $54.0 million, doubling its mineral and royalty ownership in existing 475,000 gross acre position. The acquisition enhances WhiteHawk's Marcellus Shale assets by 100%, focusing on Washington and Greene counties, Pennsylvania. The assets are operated by top companies generating significant cash flow with no additional capital expenditures.
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FAQ

What is the current stock price of EQT (EQT)?

The current stock price of EQT (EQT) is $42.99 as of December 20, 2024.

What is the market cap of EQT (EQT)?

The market cap of EQT (EQT) is approximately 25.6B.

What does EQT Corporation specialize in?

EQT Corporation specializes in the production of natural gas, focusing on the Marcellus and Utica Shales in the Appalachian Basin.

Where are EQT Corporation's operations located?

EQT Corporation operates primarily in Pennsylvania, West Virginia, and Ohio.

What recent acquisitions has EQT Corporation made?

EQT Corporation recently integrated the Tug Hill and XcL Midstream assets and announced the acquisition of Equitrans Midstream Corporation.

How does EQT Corporation ensure environmental sustainability?

EQT Corporation focuses on reducing its environmental footprint by leveraging advanced technology and sustainable practices in its operations.

Who are EQT Corporation's main customers?

EQT's main customers include marketers, utilities, and industrial operators within the Appalachian Basin.

What is EQT Corporation's financial strategy?

EQT Corporation employs a robust financial strategy that includes refinancing debt, generating substantial free cash flow, and strategic divestitures.

What is the significance of the Equitrans Midstream acquisition?

The acquisition of Equitrans Midstream will create a vertically integrated natural gas business, enhancing EQT's operational capabilities and market positioning.

How does EQT Corporation handle market fluctuations?

EQT Corporation adapts to market conditions through strategic decisions such as temporary production curtailments and optimizing production efficiency.

What are EQT Corporation's core values?

EQT Corporation's core values include trust, teamwork, heart, and evolution, which guide its operations and stakeholder interactions.

How does EQT Corporation contribute to the community?

EQT Corporation is committed to the safety and well-being of its employees, contractors, and local communities, ensuring sustainable development practices.

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EQT CORP

NYSE:EQT

EQT Rankings

#448 Ranked by Market Cap
#1599 Ranked by Dividends

EQT Stock Data

25.55B
593.03M
0.57%
102.33%
3.78%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
PITTSBURGH