Eqt Corp Stock Price, News & Analysis

EQT Corporation (NYSE: EQT) will release its 2020 Environmental, Social, and Governance (ESG) Report on June 29, 2021, followed by a conference call on June 30, 2021, at 10:00 a.m. ET. During the call, EQT will highlight its 2020 ESG performance and discuss its net zero emissions targets along with the company's broader ESG strategy. Analysts will have the opportunity to participate in a Q&A session post-discussion. Access to the live audio webcast and a replay will be available on EQT's investor relations website.

EQT Corporation (NYSE: EQT) has partnered with Cheniere Energy and several institutions to enhance greenhouse gas emissions quantification at natural gas sites. The initiative employs various monitoring technologies to establish baseline emissions, focusing on reducing carbon dioxide and methane emissions. EQT will monitor nine wells in southwestern Pennsylvania, following a customized QMRV protocol. CEO Toby Z. Rice emphasized the commitment to improving emissions measurement and supporting capital allocation decisions. The collaboration aims to improve the environmental performance of U.S. natural gas.

EQT Corporation has announced a private offering of $1 billion in senior notes, comprising $500 million of 3.125% notes due 2026 and $500 million of 3.625% notes due 2031. The offering is scheduled to close on May 17, 2021, pending customary conditions. Proceeds will be used for the acquisition of Alta Resources Development's subsidiaries. The notes will be offered to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S, and have not been registered under the Securities Act.

EQT Corporation (NYSE: EQT) plans to offer $1.0 billion in senior notes due 2026 and 2031 in a private placement, subject to market conditions. The funds will support the acquisition of Alta Resources Development, LLC's upstream and midstream subsidiaries. The offering is restricted to qualified institutional buyers and will not be registered under the Securities Act. Completion of the offering and acquisition is uncertain and dependent on market conditions.

EQT Corporation (NYSE: EQT) announced a $2.925 billion acquisition of Alta Resources Development's upstream and midstream subsidiaries, expected to close in Q3 2021. Highlights include projected annual free cash flow of $300-$400 million and adjusted EBITDA of $550-$600 million. The deal is anticipated to lower EQT's leverage by 0.3x by 2022, improve free cash flow per share by over 15%, and add approximately $2.0 billion in free cash flow through 2026. Alta's assets contribute high-margin production and robust well economics in the Northeast Marcellus region.

EQT Corporation reported its Q1 2021 results, achieving sales volumes of 415 Bcfe, aligning with guidance. The average realized price was $2.61/Mcfe, and total operating costs per unit were $1.31/Mcfe. The company generated $400 million in operating cash with a free cash flow of $259 million. Notably, EQT reduced its capital expenditure guidance by $75 million and increased free cash flow expectations by the same amount. The net loss was $41 million, a significant improvement from $167 million a year prior. CEO Toby Rice emphasized the company's focus on operational efficiency and ESG leadership.

EQT Corporation (NYSE: EQT) will release its first quarter 2021 financial and operating results after market close on May 5, 2021. A conference call with securities analysts is scheduled for May 6, 2021, at 10:00 a.m. ET, where topics will include the quarterly results and a Q&A session. This new reporting schedule aims to provide stakeholders with timely access to information ahead of the conference call. Stakeholders can access the live audio webcast on EQT's investor relations website, with a replay available for seven days.

EQT Corporation (NYSE: EQT) supports Congressional disapproval of the 2020 Methane Rescission Rule, advocating for the reinstatement of NSPS OOOOa as a uniform federal standard. As the largest natural gas producer in the U.S., EQT emphasizes its commitment to reducing methane emissions and expanding its portfolio of certified natural gas. The company aims to obtain independent certification from Equitable Origin and MiQ, positioning itself to produce more certified gas than any competitor.

EQT Corporation (NYSE: EQT) announced its plan to seek independent certification for the majority of its natural gas production under standards developed by Equitable Origin and MiQ. The certification process begins this month and aims to enhance EQT's portfolio of certified natural gas, projected to represent 4.5% of U.S. natural gas production. The initiative is expected to reinforce EQT's commitment to high environmental and social standards, potentially differentiating their products in the market.