Eqt Corp Stock Price, News & Analysis

EQT Corporation announced the pricing of a public offering of 25,930,000 shares of its common stock at $20.00 per share by certain shareholders. These shareholders received the shares during EQT's acquisition of Alta Resources Development's subsidiaries. The underwriters have a 30-day option to buy an additional 3,889,500 shares. EQT will not sell shares or receive proceeds from the offering, expected to close on October 1, 2021. Barclays and J.P. Morgan are joint book-running managers for this offering.

EQT Corporation announced a public offering of 25,930,000 shares of its common stock by certain shareholders, following its acquisition of Alta Resources Development, LLC's subsidiaries. The sellers may offer an additional 3,889,500 shares through underwriters Barclays and J.P. Morgan. EQT will not receive any proceeds from this sale, and the offering's completion depends on market conditions. This follows the effective shelf registration statement filed with the SEC. No securities will be sold in jurisdictions where such action is unlawful.

EQT Corporation (NYSE: EQT) has appointed Frank C. Hu to its Board of Directors, effective October 19, 2021. Hu brings extensive financial expertise and a strong oil and gas background, having managed nearly $10 billion in equities at Capital Group. His leadership experience includes previous roles at Unocal Corporation and McKinsey & Company. EQT's Chair, Lydia I. Beebe, emphasized the valuable contributions Hu is expected to provide in advancing the company's mission.

EQT Corporation reported its second quarter results for 2021, highlighting sales volumes of 421 Bcfe, consistent with guidance. Operating costs were $1.33/Mcfe, and capital expenditures totaled $246 million, below expectations. The company achieved free cash flow of $155 million, despite a net loss of $936 million attributed to losses on derivatives. The acquisition of Alta Resources was completed, with anticipated additional EBITDA of $300-$325 million. Aiming for net zero emissions by 2025, EQT received credit rating upgrades from Fitch, Moody's, and S&P in 2021.

EQT Corporation (NYSE: EQT) is set to release its second quarter 2021 financial and operating results on July 28, 2021, after market close. A conference call with securities analysts will follow on July 29, 2021, at 10:00 a.m. ET. The call will cover financial results and include a Q&A session. Investors can access the live audio webcast through EQT's investor relations site, with a replay available for seven days post-call. EQT focuses on natural gas production in the Appalachian Basin, emphasizing operational efficiency and sustainability.

EQT Corporation released its 2020 Environmental, Social, and Governance (ESG) Report, highlighting its commitment to net-zero Scope 1 and 2 greenhouse gas emissions in production operations by 2025. The report outlines emissions reduction targets, including a 70% decrease in GHG emissions intensity from 2018 levels and a significant reduction in methane emissions. EQT also noted a 21% decrease in GHG emissions from the previous year and efforts to transition to electric frac fleets. The company emphasizes its role as a leader in natural gas production and sustainable practices.

EQT Corporation (NYSE: EQT) has reaffirmed its commitment to reducing methane emissions by joining the Oil & Gas Methane Partnership 2.0 Initiative. President and CEO Toby Z. Rice emphasized the role of natural gas in achieving a low carbon future and the need for advanced emissions measurement technologies. Participation in this initiative aims to enhance methane monitoring and reporting, thereby bolstering confidence among stakeholders and positioning EQT for better market opportunities. The company plans to announce its net zero and emissions reduction targets later this month.

EQT announced that WorkWave will operate as a standalone company under EQT VIII and EQT IX funds after separating from IFS. WorkWave, a leader in field service management software, aims to accelerate growth through two acquisitions: Real Green Systems and Slingshot. These acquisitions are expected to enhance WorkWave's software and service offerings, further solidifying its market position. With IFS's support, WorkWave plans to enhance its technology and expand its product line. The transactions are anticipated to close by the end of June 2021.

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.