STOCK TITAN
  1. Home
  2. News
  3. EQT

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 Declares Quarterly Cash Dividend

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.21%
Tags
dividends
-
News

EQT Announces Pricing of $750 Million of New Senior Notes

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
none
-
News

EQT Schedules Fourth Quarter and Year-End 2023 Earnings Release and Conference Call

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
earnings
News

EQT Announces Tolling Agreement with Texas LNG

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
none
-
News

EQT Announces Redemption of Outstanding 1.75% Convertible Senior Notes due 2026

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
Tags
none
-
News

EQT Joins the Oil & Gas Decarbonization Charter

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News

WhiteHawk Energy Announces $54 Million Acquisition of Core Marcellus Shale Natural Gas Mineral and Royalty Assets

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.69%
Tags
acquisition
-
News

EQT Reports Third Quarter 2023 Results

Rhea-AI Summary
EQT Corporation announces financial and operational results for Q3 2023, highlighting strategic acquisitions, drilling efficiency improvements, record-breaking achievements, firm sales agreements, LNG strategy, dividend increase, forest management partnership, and upgraded credit rating. Q4 2023 guidance and hedging information also provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
Tags
earnings
-
News

EQT Increases Base Dividend by Five Percent

Rhea-AI Summary
EQT Corporation declares a quarterly cash dividend of $0.1575 per share, representing a 5% increase. CEO expresses confidence in the sustainability of the business and ability to achieve low breakeven price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
dividends
News

EQT Schedules Third Quarter 2023 Earnings Release and Conference Call

Rhea-AI Summary
EQT Corporation plans to release its Q3 financial and operating results on October 25, 2023, followed by a conference call on October 26, 2023. Topics will include financial and operating results for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
earnings

FAQ

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

The current stock price of EQT (EQT) is $42.71 as of November 15, 2024.

What is the market cap of EQT (EQT)?

The market cap of EQT (EQT) is approximately 18.9B.

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.

Stock EQT logo
EQT CORP

NYSE:EQT

EQT Rankings

#571 Ranked by Market Cap
#1578 Ranked by Dividends

EQT Stock Data

18.88B
441.59M
0.57%
87%
3.27%
Oil & Gas E&P
Crude Petroleum & Natural Gas
Link
United States of America
PITTSBURGH