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 ...

EQT President and CEO Toby Z. Rice stated, "Equitrans is the most strategic and transformational transaction EQT has ever pursued, and we see this as a once in a lifetime opportunity to vertically integrate one of the highest quality natural gas resource bases anywhere in the world. As we enter the global era of natural gas, it is imperative for U.S. natural gas companies to evolve their business models to compete on the global stage against vertically integrated rivals. We have identified multiple, high co ...

EQT Corporation (EQT) closed the latest trading day at $37.59, indicating a -1.05% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.Shares of the company have appreciated by 10.98% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.16% and the S&P 500's gain of 2.94%.Analysts and investors alike will be keeping a close eye on the performance of EQT Corpor ...

PITTSBURGH, March 4, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" or the "Company") 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 ex ...