Highly Economic Assets in the Core of the Northeast Marcellus EQT Corp. today announced that it has entered into a purchase agreement with Alta Resources Development, LLC , pursuant to which EQT will acquire all of the membership interests in Alta's upstream and midstream subsidiaries for approximately $2.925 billion, subject to customary closing adjustments. The transaction is expected to close in the third quarter of [...]
EQT Corp. plans to issue its first quarter 2021 financial and operating results after market close on Wednesday, May 5 and will host a conference call with securities analysts on Thursday, May 6, 2021, beginning at 10:00 a.m. ET. Topics of the teleconference will include financial and operating results, and other matters, with respect to the first quarter 2021. A brief Q&A session for securities analysts will immediately [...]
EQT Corp. today issued the following statement in support of H.J. Resolution 34, and S.J. Resolution 14 of the 117th Congress, which provide for Congressional disapproval of the 2020 Methane Rescission Rule submitted by the Administrator of the Environmental Protection Agency relating to "Oil and Natural Gas Sector: Emission Standards for New, Reconstructed, and Modified Sources Review" ): "As the nation's largest natural [...]
EQT Corp. today announced its commitment to seek independent certification of a majority of its produced natural gas under certification standards developed by Equitable Origin and MiQ. The certification process is expected to commence this month, and it is anticipated that certification from Equitable Origin and MiQ will be obtained later this year. Under the proposed project, EQT plans to obtain Equitable Origin and MiQ [...]
Turning vision into actions EQT Corp. today announced financial and operational performance results for the fourth quarter and year-end 2020, as well as financial and operational guidance for 2021. Fourth Quarter Highlights: Sales volumes of 401 Bcfe Total per unit operating costs of $1.30/Mcfe, $0.14 lower than 3Q20 and below guidance Net cash provided by operating activities of $406 MM; free cash flow of $109 MM Capital [...]
PITTSBURGH and EQT Corp. today announced its commitment to a pilot project to demonstrate the production of responsibly sourced natural gas for use in domestic and international energy markets. The intent of the pilot is to show that natural gas can be, and is, produced with high environmental and social standards, and that global energy market demand exists and is growing for these differentiated RSG products. "This [...]
EQT Corp. will host a conference call with securities analysts on Wednesday, February 17, 2021, beginning at 10:30 a.m. ET Topics of the teleconference will include financial and operational results, and other matters, with respect to the fourth quarter and year-end 2020. Additionally, EQT will provide an update on its 2021 financial and operational guidance. A brief Q&A session for securities analysts will immediately [...]
U.S. Well Services, Inc. today announced it has executed two contracts to expand its electric fracturing services for EQT Corp. . Under the terms of the agreements, U.S. Well Services extended its existing contract for one electric frac fleet and will also deploy a second electric frac fleet on a contracted basis. Both contracts represent multi-year fleet dedications if all optional extensions are exercised. "We are [...]
EQT Corp. today reported year-end 2020 total proved reserves of 19.8 Tcfe, an increase of 2.3 Tcfe or 13% compared to year-end 2019. The increase was driven by the efficiencies realized from the execution of EQT's combo-development strategy, and reserve additions associated with EQT's acquisition of Chevron's upstream Appalachian assets, which closed on November 30, 2020 . EQT actively hedged throughout 2020 and now sits [...]
- EQT Infrastructure acquires Molslinjen, a critical part of Denmark's domestic transport network, linking major population centers and creating connectivity between regions as well as connecting several important islands to the mainland - Molslinjen contributes to increased economic activity and social development as an enabler of movement of passengers and goods across its network of "floating bridges" - EQT [...]
For up to $200 Million Combined Aggregate Principal Amount of its 4.875% Senior Notes due 2021 and 3.000% Senior Notes due 2022 EQT Corp. announced today that it has amended the terms of its previously announced tender offer to purchase for cash up to an amended Maximum Tender Amount of its 4.875% Senior Notes due 2021 and 3.000% Senior Notes due 2022 . The Company also announced today the early results of the Tender [...]