PITTSBURGH, April 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) 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(1) 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 continued operational ef ...

EQT Corporation (EQT) has announced a significant transaction involving its non-operated natural gas assets in northeast Pennsylvania. Under the deal, valued at $500 million in cash, EQT Corp will divest a 40% interest in these assets to Equinor ASA (EQNR) .As part of the deal, EQT Corp will not only receive cash but also acquire additional assets from Equinor. These include 26,000 net acres in Monroe County, OH, and about 10,000 net acres in Lycoming County, PA. The newly acquired assets are projected to y ...

EQT Corporation (EQT) ended the recent trading session at $36.52, demonstrating a -1.96% swing from the preceding day's closing price. This change lagged the S&P 500's 1.2% loss on the day. Elsewhere, the Dow saw a downswing of 0.65%, while the tech-heavy Nasdaq depreciated by 1.79%.Heading into today, shares of the company had gained 11.43% over the past month, outpacing the Oils-Energy sector's gain of 6.6% and the S&P 500's loss of 0.85% in that time.Investors will be eagerly watching for the performance ...

PITTSBURGH, April 15, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT") 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 recent strip pricing ...

EQT Corporation (EQT) closed the most recent trading day at $36.84, moving +0.99% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.04%. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq increased by 0.03%.Shares of the company witnessed a loss of 2.77% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 10.76% and the S&P 500's gain of 2.57%.Analysts and investors alike will be keeping a close ...

EQT Corporation’s (EQT) CEO Toby Rice cautioned about the looming threat of dramatic fluctuations in natural gas price due to an inadequate infrastructure, particularly in terms of pipelines and storage facilities, in a recent interview with Bloomberg. He highlighted the critical shortage of pipelines and storage facilities, stating that this imbalance could lead to price surges of up to 350%.Speaking at the CERAWeek by S&P Global energy conference in Houston, Rice emphasized that while gas demand in the Un ...

The latest trading session saw EQT Corporation (EQT) ending at $33.78, denoting a -0.68% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily loss of 0.29%. Elsewhere, the Dow saw a downswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.3%.The company's stock has climbed by 3.19% in the past month, falling short of the Oils-Energy sector's gain of 6.58% and the S&P 500's gain of 4.42%.Analysts and investors alike will be keeping a close eye on the performan ...

EQT Corporation (EQT) has announced its agreement to acquire Equitrans Midstream Corporation (ETRN) in an all-stock deal valued at approximately $14 billion, including debt. The merger came amid a surge in merger activity within the U.S. shale oil and gas industry, with companies seeking greater scale and cost efficiencies to withstand volatile commodity prices.EQT aims to enhance its position as a low-cost natural gas producer by leveraging Equitrans Midstream's assets, which include more than 2,000 miles ...

Key TakeawaysEQT will pay approximately $5.5 billion for midstream natural gas infrastructure provider Equitrans Midstream, its former unit, as it expands its reach into the natural gas sector.The acquisition gives Equitrans investors 0.3504 share of EQT stock for every share they hold.EQT said the deal creates "America's first large-scale integrated natural gas producer."EQT was the worst-performing stock in the S&P 500 on Monday, down 8.2% in early-afternoon trading. EQT Corp. (EQT) was the worst-performi ...

Natural gas producer EQT (EQT -8.44%) has a deal in place to buy pipeline operator Equitrans Midstream (ETRN 1.84%) for $5.5 billion, bringing a former subsidiary back in-house. Investors reacted by sending shares of EQT down about 7% as of 10:18 a.m. ET.A "transformational" acquisitionEQT is a natural gas production company focused on the Appalachian Basin, including the Marcellus shale basin. In 2018, the company spun its pipeline operations out as an independent business under the watchful eye of activis ...