EQT Corp. today announced financial and operational results for the first quarter of 2024. First Quarter 2024 and Recent Highlights: Net cash provided by operating activities of $1,156 million; generated $402 million of free cash flow and exited the quarter with approximately $650 million of cash on the balance sheet Total sales volume of 534 Bcfe, towards the high-end of guidance adjusted for curtailments, reflecting [...]
EQT Corp. today announced that its Board of Directors declared a quarterly cash dividend of $0.1575 per share, payable on June 1, 2024, to shareholders of record at the close of business on May 8, 2024. Investor Contact Cameron Horwitz Managing Director, Investor Relations & Strategy 412.395.2555 Cameron.Horwitz@eqt.com About EQT Corporation EQT Corp. is a leading independent natural gas production company with operations [...]
EQT Corp. announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production. Consideration for the transaction is comprised of $500 million of cash and upstream and midstream assets as described below. Based on [...]
EQT Corp. plans to issue its first quarter financial and operating results news release after market close on Tuesday, April 23, 2024, and will host a conference call to review the results and other relevant matters on Wednesday, April 24, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit [...]
Creates America's only large-scale, vertically integrated natural gas company prepared to compete on the global stage All stock transaction with combined company enterprise value over $35 billion Provides >2,000 miles of critical pipeline infrastructure with extensive overlap with EQT's core upstream operations and existing midstream assets Reduces EQT's long-term corporate free cash flow breakeven to less than $2 per [...]
EQT Corp. today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February in response to the current low natural gas price environment resulting from warm winter weather and consequent elevated storage inventories. The Company expects to maintain this curtailment through the month of March and will reassess market conditions thereafter. Curtailments are [...]
EQT Corp. today announced financial and operational results for the fourth quarter and full year 2023 as well as financial and operational guidance for 2024. Fourth Quarter and Recent Highlights: Fourth quarter production of 564 Bcfe, toward the high-end of guidance driven by continued operational efficiency gains and strong well performance Capital expenditures of $539 million, near the low-end of guidance Cash operating [...]
EQT Corp. today announced that its Board of Directors 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. Investor Contact: Cameron Horwitz Managing Director, Investor Relations & Strategy 412.395.2555 Cameron.Horwitz@eqt.com About EQT Corporation EQT Corp. is a leading independent natural gas production company with [...]
EQT Corp. today announced that it has priced an underwritten public offering of $750 million in aggregate principal amount of its 5.750% senior notes due 2034 . EQT expects the Offering to close on January 19, 2024, subject to the satisfaction of customary closing conditions. EQT expects to use the net proceeds from the Offering to repay a portion of the borrowings under its term loan facility, which were incurred in [...]
EQT Corp. plans to issue its fourth quarter and year-end 2023 financial and operating results news release after market close on Tuesday, February 13, 2024, and will host a conference call to review the results on Wednesday, February 14, 2024, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion. To access the live audio webcast of the conference call, visit EQT's [...]
EQT Corp. today announced it has entered into a Heads of Agreement for liquefaction services from Texas LNG's facility in Brownsville, Texas to produce 0.5 million tons per annum of LNG under a 15-year tolling agreement. Final terms remain subject to negotiation of a definitive agreement between the parties. Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, anticipates a final investment decision on the project [...]
EQT Corp. today announced that it will redeem all of its outstanding 1.75% Convertible Senior Notes due 2026 on January 17, 2024 . The aggregate principal amount of the Notes is $290,177,000 as of December 29, 2023. Any Notes outstanding on the Redemption Date will be redeemed in cash for 100% of the principal amount , plus accrued and unpaid interest on such Notes to, but excluding, the Redemption Date . Unless EQT [...]