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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.

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EQT Corporation enters into HOA with Commonwealth LNG for liquefaction services in Cameron, Louisiana.
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EQT completes acquisition of Tug Hill and XcL Midstream, reducing breakeven price by $0.15 per MMBtu and potential synergies of $80 million per year.
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EQT Corporation (NYSE: EQT) has announced that the U.S. Federal Trade Commission (FTC) has resolved its review of EQT's agreement with THQ Appalachia I, LLC and THQ-XcL Holdings I, LLC to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets. The acquisition is expected to lower EQT's cost structure, reduce development risk, and increase cash flow and net asset value per share. The transaction is set to close within the next seven business days.
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EQT Corporation announces financial and operational results for Q2 2023, including production of 471 Bcfe and capital expenditures of $470 million. The company retired $800 million of debt and set a new drilling record. They also added to their hedge book and highlighted a 20% reduction in greenhouse gas emissions.
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EQT Corporation (NYSE: EQT) appoints Jeremy Knop as the new Chief Financial Officer. Knop, previously the Executive Vice President of Corporate Development, will take on the CFO role from July 24, 2023. With extensive experience in strategic decision making, investment management, and M&A, Knop's appointment is expected to drive value creation and strengthen the company's financial position.
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EQT Corporation declares a quarterly cash dividend of $0.15 per share, payable on September 1, 2023, to shareholders of record at the close of business on August 9, 2023.
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EQT Corporation to release Q2 financial results on July 25, 2023, and host conference call on July 26, 2023.
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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.

EQT CORP

NYSE:EQT

EQT Rankings

EQT Stock Data

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