PITTSBURGH, March 24, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced the extension of the expiration date of the previously announced (i) offers by EQT to Eligible Holders (as defined below) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes (the "Existing EQM Notes") issued by EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, ...

It has been about a month since the last earnings report for EQT Corporation (EQT) . Shares have lost about 1.2% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is EQT due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns o ...

EQT Corporation (EQT) boasts a peer-leading natural gas inventory, with more than 30 years of de-risked drilling locations across its 1 million net acres in the Appalachian Basin. This extensive footprint solidifies EQT’s position as the largest natural gas producer in the United States. Despite widespread inventory depletion in Appalachia, the company maintained its 2024 proved reserves at 26 trillion cubic feet equivalent, even as SEC pricing declined from $2.64 to $2.13 per million British thermal units ...

EQT Corporation (EQT) , the second-largest producer of natural gas in the United States, believes that the growing demand for natural gas in the United States is not met with sufficient pipeline capacity. EQT CEO, Toby Rice, recently mentioned that the production of natural gas has increased, however, the pipeline capacity is not enough to transport the commodity per the needs. The demand for liquefied natural gas (LNG) has shown an upward trend over the years, reaching record highs in recent years.LNG Dema ...

Crown Castle's Small Cells Solutions business builds and operates small cells nationwide, serving mobile densification needs for cellular carriers Transaction highlights EQT's active ownership approach by acquiring an attractive, stable core infrastructure platform targeting a substantial market opportunity EQT will aim to further accelerate the Company's future growth ambitions NEW YORK, March 13, 2025 /PRNewswire/ -- EQT is pleased to announce that the EQT Active Core Infrastructure fund ("EQT")" has ent ...

Core Viewpoint - EQT Corporation has announced a tender offer to purchase its outstanding 3.900% Senior Notes due 2027 for cash, with a total consideration based on a fixed spread and U.S. Treasury yield [1][4][5]. Summary by Relevant Sections Tender Offer Details - The EQT Tender Offer is for an aggregate purchase price of up to $750 million, excluding accrued and unpaid interest, subject to the EQT Notes Tender Cap [7][8]. - The total consideration for the EQT Notes validly tendered includes an early tender premium of $50 per $1,000 principal amount [5][6]. - The early tender date was March 7, 2025, after which holders could no longer withdraw their tendered notes [4][5]. Financial Terms - The principal amount of the 3.900% Senior Notes outstanding is $1,169,503,000, with a reference yield of 3.959% and a fixed spread of +45 basis points [2]. - The total consideration per $1,000 principal amount of EQT Notes accepted for purchase is $987.82, with a proration factor of 25.4% due to the oversubscription of the tender offer [2][8]. Payment and Settlement - Payment for the accepted EQT Notes is expected to occur on March 12, 2025, which is designated as the Early Settlement Date [6]. - Holders of the EQT Notes will also receive accrued and unpaid interest from the last interest payment date up to, but not including, the Early Settlement Date [5]. Management and Advisory - TD Securities (USA) LLC and J.P. Morgan Securities LLC are serving as the Lead Dealer Managers for the EQT Tender Offer [9].

Core Points - EQT Corporation announced early results of its tender offers for EQM Midstream Partners' and its own senior notes, aiming to purchase outstanding notes for cash [1][2] - The EQM Tender Offer targets the purchase of all 6.500% Senior Notes due 2027, while the EQT Tender Offer focuses on 3.900% Senior Notes due 2027, with a total purchase price capped at $750 million [1][2] - The early tender date for the offers was March 7, 2025, with payment for validly tendered notes expected on March 12, 2025 [3][5] Tender Offer Details - As of the early tender date, $506.209 million (56.2%) of EQM's 6.500% Senior Notes and $924.429 million (79.0%) of EQT's 3.900% Senior Notes were validly tendered [2] - The total consideration for EQM Notes is set at $1,026.25 per $1,000 principal amount, while the total consideration for EQT Notes will be determined based on a fixed spread and U.S. Treasury yield [6] - The tender offers will expire on March 24, 2025, unless extended or terminated earlier [7] Consent Solicitation - EQM has received the necessary consents from EQM Holders to adopt proposed amendments to the indenture governing the EQM Notes, which will eliminate most restrictive covenants [9] - Holders who validly tender their EQM Notes in the concurrent exchange offer will also be deemed to have consented to the proposed amendments [8][9] Additional Information - TD Securities (USA) LLC and J.P. Morgan Securities LLC are serving as lead dealer managers for the tender offers and consent solicitation [10] - The information agent for the tender offers is Global Bondholder Services Corporation, which can provide additional details [12]

Core Viewpoint - EQT Corporation has announced early results of its Exchange Offers and Consent Solicitations for existing notes issued by EQM Midstream Partners, aiming to exchange up to $4.54 billion in new notes and cash while eliminating restrictive covenants in existing indentures [1][3][8]. Summary by Relevant Sections Exchange Offers and Consent Solicitation - The Exchange Offers allow Eligible Holders to exchange existing EQM Notes for new notes and cash, with a total principal amount of $4,541,839,000 available [1]. - The Consent Solicitation seeks to adopt proposed amendments to the indentures governing the existing notes, which would remove most restrictive covenants and certain events of default [1][8]. Early Tender Results - As of March 7, 2025, the Early Tender Date, significant amounts of various series of Existing EQM Notes have been validly tendered, including: - 7.500% Senior Notes due 2027: $495,821,000 (99.2%) - 6.500% Senior Notes due 2027: $344,890,000 (38.3%) - 4.50% Senior Notes due 2029: $734,574,000 (98.9%) - 6.375% Senior Notes due 2029: $596,535,000 (99.4%) [2]. Terms of Exchange - Eligible Holders who tender their Existing EQM Notes by the Early Tender Date will receive $1.00 in cash and $1,000 principal amount of New Notes for each $1,000 principal amount of Existing Notes [6]. - For tenders made after the Early Tender Date but before the Expiration Date, holders will receive $1.00 in cash and $950 principal amount of New Notes [6]. Concurrent Offers - EQM has initiated a Concurrent Tender Offer for its 6.500% Senior Notes due 2027, which allows holders to participate in both the Exchange Offer and the Concurrent Tender Offer [7]. - The consent threshold for the Proposed Amendments can be satisfied through tenders in either offer [7]. Proposed Amendments - As of the Early Tender Date, EQM has received sufficient consents to adopt the Proposed Amendments for all Existing EQM Notes except for the 5.500% Senior Notes due 2028 [8]. - A supplemental indenture will be executed to implement these amendments, becoming effective upon the exchange or purchase of validly tendered notes [8]. Eligibility and Agents - The Exchange Offers are available only to Eligible Holders, defined as qualified institutional buyers or non-U.S. persons [9]. - TD Securities (USA) LLC and J.P. Morgan Securities LLC are serving as Lead Dealer Managers for the Exchange Offers and Consent Solicitations [10].

Core Insights - EQT Corporation reported $1.82 billion in revenue for Q4 2024, a year-over-year increase of 17.6% and a surprise of +4.96% over the Zacks Consensus Estimate of $1.73 billion [1] - The EPS for the same period was $0.69, compared to $0.48 a year ago, representing a surprise of +38.00% over the consensus estimate of $0.50 [1] Financial Performance Metrics - Average oil price was $54.75, below the four-analyst average estimate of $56.26, while oil sales volume was 496 MBBL, exceeding the estimate of 416.04 MBBL [4] - Natural gas sales volume was 565,867 MMcf, slightly above the estimate of 558,024.1 MMcf, and total sales volume reached 605,183 MMcfe, surpassing the estimate of 592,127 MMcfe [4] - Average natural gas price was $2.97, higher than the $2.69 estimate, while ethane price averaged $6.20, below the $6.62 estimate [4] - Operating revenues from pipeline, net marketing services, and other sources were $167.08 million, significantly above the average estimate of $88.34 million, marking a year-over-year change of +2286.8% [4] - Revenues from oil sales were $27.15 million, exceeding the estimate of $23.48 million, but showing a year-over-year decline of -3.6% [4] - Total operating revenues from natural gas, natural gas liquids, and oil were $1.64 billion, slightly above the estimate of $1.59 billion, reflecting a +20.3% year-over-year change [4] - NGLs sales generated $180.35 million, surpassing the estimate of $143.66 million, with a year-over-year increase of +18% [4] - Natural gas sales revenues were $1.43 billion, exceeding the estimate of $1.35 billion, representing a +21.2% year-over-year change [4] Stock Performance - EQT shares have returned -10.3% over the past month, compared to the Zacks S&P 500 composite's -5.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Group 1 - The offering resulted in aggregate gross proceeds of USD 920 million, with EQT receiving approximately USD 393 million from the sale of about 9.8 million shares [1] - EQT now holds approximately 38.8 million shares of Waystar Holding Corp. after the offering [1] - The offering was managed by J.P. Morgan, Goldman Sachs & Co. LLC, and Barclays, and was completed on February 24, 2025 [1] Group 2 - The company did not sell any shares in the offering and did not receive any proceeds from the sale of shares sold by EQT and other stockholders [1]