EQT CORP - EQT STOCK NEWS

EQT Corporation announced the pricing of a public offering of $1.0 billion in senior notes, including $500 million of 5.678% senior notes due 2025 and $500 million of 5.700% senior notes due 2028. The offering is set to close on October 4, 2022, pending customary conditions. Proceeds will fund EQT's acquisition of THQ Appalachia I Midco, LLC and THQ-XcL Holdings I Midco, LLC. If the acquisition is not completed by June 30, 2023, the notes will be redeemed at 101% of their principal amount plus interest.

EQT Corporation has announced a $5.2 billion acquisition agreement with Tug Hill and XcL Midstream to enhance its natural gas operations in southwest Appalachia. This strategic move adds approximately 800 MMcfe/d of production and 90,000 acres to EQT's existing leasehold. The deal includes both cash and stock components and is expected to close in Q4 2022. It aims to drive significant free cash flow and shareholder value, with anticipated 4x increase in midstream free cash flow over two years.

EQT Corporation reported strong financial results for Q2 2022, achieving sales volumes of 502 Bcfe and a 20% increase in its quarterly base dividend to $0.15 per share. The company generated $916 million in adjusted operating cash flow and $543 million in free cash flow. Notably, EQT raised its debt reduction target to $2.5 billion and repurchased $213 million of convertible notes, reducing share count by 5.7 million. The company aims to return approximately $4 billion to shareholders by the end of 2023, with positive cash flow expected due to strong natural gas prices.

EQT Corporation (NYSE: EQT) has declared a quarterly cash dividend of $0.15 per share, an increase of 20%, effective September 1, 2022. Shareholders on record by August 9, 2022, will receive this dividend, totaling $0.60 annually. CEO Toby Z. Rice highlighted this increase as a sign of confidence in the company's sustainable cash generation and commitment to long-term shareholder returns.

The nationwide poll by Impact Research reveals that 64% of American voters believe increased natural gas production can help address climate change, with nearly 70% supporting its increase overall. The survey, commissioned by EQT Corporation, found bipartisan support for building new natural gas pipelines to facilitate this growth. Notably, 65% of Democrats and 64% of all voters agree on natural gas's role in reducing emissions. The poll involved 1,057 voters, conducted from June 2 to June 8, 2022, showcasing a strong public appetite for affordable, reliable energy transitions.

EQT Corporation (NYSE: EQT) has scheduled its second quarter financial and operating results release for July 27, 2022, after market close. A conference call for securities analysts will follow on July 28, 2022, at 10:00 a.m. ET, discussing these results and other related matters. A Q&A session will be held post-discussion. Interested parties can access the live audio webcast on EQT's investor relations website, with a replay available for seven days thereafter.

EQT Corporation (NYSE: EQT) has published its 2021 Environmental, Social, and Governance (ESG) Report, showcasing progress toward net zero Scope 1 and 2 greenhouse gas emissions by or before 2025. The company has achieved a 36% reduction in GHG emissions compared to 2018, with a focus on reducing methane emissions. EQT emphasizes natural gas's role in addressing climate change, advocating for its use over coal for energy security. The report highlights substantial royalty payments to landowners and local community investments totaling over $28 million in 2021.

EQT Corporation reported its Q1 2022 financial results, showcasing a sales volume of 492 Bcfe and net cash from operations of $1,021 million. The company achieved adjusted net income of $334 million and free cash flow of $580 million. Notably, EQT repaid $569 million in senior notes and repurchased 8.5 million shares for $200 million. The positive outlook includes an increase in the free cash flow forecast to $2.35 billion, driven by rising natural gas prices and strategic capital management.