Welcome to our dedicated page for Eqt news (Ticker: EQT), a resource for investors and traders seeking the latest updates and insights on Eqt stock.
EQT Corporation (NYSE: EQT) is a vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. This news page aggregates EQT-related announcements drawn from company press releases and other coverage, giving readers a single place to review updates about its natural gas business, midstream platform and LNG strategy.
Recent EQT news includes quarterly earnings releases that detail sales volumes, average realized prices, operating costs, cash flow and non-GAAP financial measures such as adjusted EBITDA and free cash flow. These updates also discuss operational topics like integration of acquired upstream and midstream assets, changes in gathering and transmission expenses following the Equitrans Midstream merger, and guidance for production, capital expenditures and midstream revenue.
Visitors will also find announcements on EQT’s long-term LNG sale and purchase agreements, including 20-year contracts for liquefaction capacity with Commonwealth LNG and NextDecade’s Rio Grande LNG Train 5. These releases describe how EQT plans to purchase LNG on a free-on-board basis at prices indexed to Henry Hub and market and optimize cargos internationally as part of its strategy to connect U.S. natural gas supply to global demand.
Additional news items cover dividend declarations and increases approved by EQT’s Board of Directors, corporate governance changes such as bylaw amendments, credit facility maturity extensions, and debt management actions like the redemption of senior notes. For investors and observers of the natural gas and midstream sectors, this page offers a convenient way to follow EQT’s operational, financial and strategic developments over time.
EQT Corporation (NYSE: EQT) will release its first quarter 2023 financial and operating results on April 26, 2023, after the market closes. A conference call for analysts will take place on April 27, 2023, starting at 10:00 a.m. ET. During the call, the company will discuss its financial outcomes and other relevant matters, followed by a Q&A session. Investors can access a live audio webcast via EQT's investor relations website, with a replay available for one year post-event. EQT is a leading independent natural gas producer operating primarily in the Marcellus and Utica Shales in the Appalachian Basin, committed to sustainable practices and operational efficiency.
EQT Corporation (NYSE: EQT) has launched its first nature-based carbon offset initiative partnering with the Wheeling Park Commission, Teralytic, and Climate Smart Environmental Consulting. This project will manage over 1,000 acres of forest land to generate carbon offsets, leveraging Teralytic's advanced soil probe technology for accurate measurement of offsets.
The initiative aims to reduce or remove CO2 emissions, supporting EQT's goal of achieving net-zero Scope 1 and 2 greenhouse gas emissions by 2025. The project adheres to Conservation Practice Standards by the USDA and aligns with Verra guidelines for effective emissions reductions. Additionally, EQT is collaborating with Wheeling Country Day School on a soil health educational program.
EQT Corporation and Context Labs have announced a strategic partnership aimed at advancing the commercialization of verified low carbon intensity natural gas products and carbon credits. This collaboration is focused on emissions tracking, reporting, and verification, supporting EQT's commitment to achieving net zero greenhouse gas emissions by 2025. Through Context Labs' Decarbonization-as-a-Service platform, EQT will integrate emissions data across its operations, enabling the certification of low-carbon products. The partnership aims to validate emissions reductions and enhance transparency in environmental data, playing a crucial role in the energy sector's transition.
EQT Corporation (NYSE: EQT), the largest natural gas producer in the U.S., has donated oil and gas production equipment to JSC Ukrgasvydobuvannya, Ukraine's top gas producer, to aid in restoring damaged facilities amid wartime challenges. This donation aims to support energy reliability in Ukraine, where the ongoing conflict has severely impacted production capabilities. The equipment, delivered with U.S. government support, will expedite repairs and help meet critical gas needs. Ukrgasvydobuvannya produces 12.5 bcm of gas, constituting nearly 70% of Ukraine's total gas output.
EQT Corporation (NYSE: EQT) reported strong financial and operational results for Q4 and full-year 2022. The company repurchased 5.9 million shares for $200 million, retiring over $283 million in debt. EQT generated approximately $3.5 billion in net cash from operating activities and nearly $2 billion in free cash flow. Proved reserves increased to 25.0 Tcfe, with discounted future cash flows rising by $23 billion to $40 billion. EQT plans to acquire Tug Hill and XcL Midstream, expected to lower corporate free cash flow breakeven by $0.15/MMBtu. The company doubled its share repurchase authorization to $2 billion and aims to enhance its liquidity with a year-end debt retirement target of $4 billion.
EQT Corporation announced the planned transition of David Khani, Executive Vice President and Chief Financial Officer, effective July 2023. The company will search for a successor, and Mr. Khani will assist the Board during this transition. CEO Toby Z. Rice expressed gratitude for Mr. Khani's contributions, acknowledging his pivotal role since 2020 in improving EQT's financial position and credit rating, and executing a successful debt repayment strategy. Mr. Khani expressed pride in his time at EQT and readiness for his next chapter. EQT operates primarily in the Appalachian Basin, focusing on natural gas production.
EQT Corporation (NYSE: EQT) announced a quarterly cash dividend of $0.15 per share, set to be paid on March 1, 2023. Shareholders of record as of February 21, 2023 will receive the dividend. This decision reflects the company's commitment to returning value to shareholders while maintaining its focus on operational efficiency and sustainability. EQT operates primarily in the Marcellus and Utica Shales, emphasizing responsible natural gas production.
EQT Corporation (NYSE: EQT) will release its fourth quarter and year-end 2022 financial results on February 15, 2023, after market close. A conference call with analysts is scheduled for February 16, 2023, at 10:00 a.m. ET. Key topics will include financial results, operational guidance for 2023, and year-end 2022 reserves. Investors can access the live audio webcast on EQT's investor relations website, with a replay available for a year afterward. EQT is a leading natural gas production company focusing on responsible development and operational efficiency in the Appalachian Basin.
EQT Corporation has successfully completed a $28 million initiative to eliminate natural gas-powered pneumatic devices, achieving a 70% reduction in methane emissions and a decrease of 305,614 metric tons of CO2e annually. The project involved replacing nearly 9,000 devices, utilizing electric actuators and air compressors, and was completed a year ahead of schedule, in just 515 days. This initiative aligns with EQT's commitment to reach net-zero Scope 1 and 2 greenhouse gas emissions in its Production segment by 2025, enhancing its operational efficiency and sustainability.
EQT Corporation (NYSE: EQT) has received a "Gold Standard" rating from the Oil & Gas Methane Partnership 2.0 (OGMP 2.0) for its efforts in methane emissions reduction. This recognition highlights EQT's ambitious targets and commitment to accurate emission measurement. The OGMP 2.0 initiative, involving nearly 80 companies, aims to significantly lower methane emissions. EQT ranks among only 14 upstream firms globally to achieve this rating, with the second lowest methane intensity target set for 2025. EQT emphasizes the need for U.S. infrastructure to support global natural gas demand.