EQT(EQT)

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Video Game Maker Keywords Studios Soars After EQT Takeover Talks
investopedia.com· 2024-05-20 15:55
KEY TAKEAWAYS London-listed Keywords Studios surged 60% in intraday trading Monday after the video game maker said it was "in advanced discussions" to be acquired by private equity firm EQT for 25.50 British pounds per share. The potential takeover would value the company at GBP2.03 billion ($2.58 billion), according to The Wall Street Journal, and would mark the latest loss to the London Stock Exchange of a key company. British chip designer Arm Holdings (ARM) left the London bourse and began trading on th ...
EQT: Cementing Position As Low-Cost Gas Producer (Raising Target Price)
Seeking Alpha· 2024-05-08 06:29
BackyardProduction I last wrote about Marcellus gas producer EQT Corp. (NYSE:EQT) on February 16th in EQT: “The Low-Cost gas Producer is a Buy,” rating the stock a strong buy and calculating a target price of $51 for the stock based on a discounted cash flow model. The stock is up about 18.7% including dividends paid since that article was published. According to Bloomberg, EQT has outperformed the widely followed SPDR S&P Oil & Gas Exploration & Production ETF (XOP) by a little over 7 percentage points ...
EQT(EQT) - 2024 Q1 - Quarterly Report
2024-04-24 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM__________ TO__________ COMMISSION FILE NUMBER: 001-03551 EQT CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 25-0464690 (State or other j ...
EQT Q1 Earnings Top Estimates on Higher Sales Volumes
Zacks Investment Research· 2024-04-24 18:31
EQT Corporation (EQT) reported first-quarter 2024 adjusted earnings from continuing operations of 82 cents per share, which beat the Zacks Consensus Estimate of 65 cents. However, the bottom line decreased from the year-ago quarter’s reported figure of $1.70.Adjusted operating revenues decreased to $1.72 billion from $1.89 billion in the prior-year quarter. The top line, however, beat the Zacks Consensus Estimate of $1.64 billion.Better-than-expected quarterly results were driven by higher sales volumes and ...
EQT(EQT) - 2024 Q1 - Quarterly Results
2024-04-23 20:30
EQT Reports First Quarter 2024 Results PITTSBURGH, April 23, 2024 -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter of 2024. First Quarter 2024 and Recent Highlights: President and CEO Toby Z. Rice stated, "The strong operational momentum we achieved last year has carried over into 2024, with our drilling team continuing to perform at exceptional levels, and our completions team again setting a new company record for pumping hours in the month of March. W ...
EQT Reports First Quarter 2024 Results
Prnewswire· 2024-04-23 20:30
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 Corp (EQT) to Divest Pennsylvania Natural Gas Assets
Zacks Investment Research· 2024-04-16 16:56
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) Declines More Than Market: Some Information for Investors
Zacks Investment Research· 2024-04-15 23:21
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 ...
EQT Announces Non-Operated Asset Transaction with Equinor
Prnewswire· 2024-04-15 12:00
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) Advances While Market Declines: Some Information for Investors
Zacks Investment Research· 2024-04-08 23:21
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 ...