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 reports recurring developments for a vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. Its updates center on natural gas production performance, system optimization, realized pricing, hedging effects, operating costs and capital spending across its upstream and midstream platform.
Company news also includes quarterly earnings releases, annual guidance, proved-reserve updates, free cash flow and debt-reduction commentary, common-stock dividend declarations, credit-rating actions and capital-structure activity involving senior notes.
EQT Corporation (NYSE: EQT) has announced a conference call scheduled for February 17, 2021, at 10:30 a.m. ET, aimed at discussing the company's financial and operational results for Q4 and year-end 2020. The session will also provide an update on 2021 financial guidance, followed by a Q&A segment for securities analysts. Financial results will be published before the market opens on the same day. Interested parties can access the live webcast on EQT's investor relations website.
U.S. Well Services (Nasdaq: USWS) announced the execution of two contracts with EQT Corporation (NYSE: EQT) to expand its electric fracturing services. These agreements extend the current contract for one electric frac fleet and introduce a second fleet on a contracted basis, potentially leading to multi-year dedications if all options are taken. This move highlights EQT's commitment to utilizing U.S. Well Services’ Clean Fleet® technology, which enhances operational efficiency and reduces emissions compared to traditional diesel fleets.
EQT Corporation reported year-end 2020 total proved reserves increased by 13% to 19.8 Tcfe, driven by its acquisition of Chevron's Appalachian assets and enhanced operational efficiencies. Proved developed reserves rose by 10% to 13.6 Tcfe, while proved undeveloped reserves grew by 23% to 6.2 Tcfe. The company improved future development costs to $2.26 billion, marking a 29% improvement from 2019. EQT has hedged approximately 80% of its expected 2021 production, highlighting its commitment to mitigating downside risk.
EQT Infrastructure has announced its acquisition of Molslinjen A/S, Denmark's largest passenger ferry company, from a group led by Polaris. Founded in 1963, Molslinjen operates 15 vessels and serves over eight million passengers annually, generating approximately DKK 1.9 billion in revenue in 2019. The acquisition, aimed at enhancing the company's sustainability and electrification efforts, is expected to close in early 2021, subject to approvals. EQT plans to support Molslinjen's green initiatives and improve customer service.
EQT Corporation (NYSE: EQT) has amended its tender offer to purchase up to $200 million of its Senior Notes, increasing the Maximum Tender Amount from $150 million. The 2022 Notes have a limited Tender Cap of $181,177,000, leading to a pro rata acceptance due to excess tenders. The early results show that the 2021 Notes will be fully accepted, while the 2022 Notes will be accepted based on a proration factor of 83.8%. Payment for accepted Notes is expected on November 17, 2020, with the tender offer set to expire on November 30, 2020.
EQT Corporation announced the pricing of a $350 million offering of 5.00% senior notes due January 15, 2029. The notes are to be sold at par, with the offering expected to close on November 16, 2020, pending customary conditions. Proceeds from the offering will help finance EQT's acquisition of upstream and midstream assets from Chevron U.S.A. Inc. If the acquisition does not occur, EQT plans to use the funds to repay debt and for general corporate purposes. BofA Securities, Citigroup, Credit Suisse, and Wells Fargo Securities are managing the offering.
EQT Corporation (NYSE: EQT) has initiated a tender offer to purchase up to $150 million of its outstanding Senior Notes. This includes 4.875% Senior Notes due 2021 and 3.000% Senior Notes due 2022. The offer is subject to priority levels, with the deadline for tender submissions set for November 30, 2020. Early tender submissions by November 13, 2020 will receive higher total consideration, specifically $1,030 for 2021 Notes and $1,005 for 2022 Notes. Payments will also include accrued interest.
EQT Corporation has priced a public offering of 20 million shares of its common stock at $15.50 per share. The offering includes an option for underwriters to purchase an additional 3 million shares. Proceeds will partially fund the acquisition of upstream and midstream assets in the Appalachian Basin from Chevron U.S.A. Inc. If the acquisition is not completed, proceeds will be used to repay outstanding debt and for general corporate purposes. The offering is not contingent on the acquisition's completion.
EQT Corporation has agreed to acquire Chevron's Appalachian upstream and midstream assets for $735 million, expected to close in late Q4 2020. The acquisition is designed to enhance EQT's dominant position in the southwest Marcellus, encompassing 450 MMcfe production and significant undeveloped acreage. The deal will be financed through cash reserves and credit facilities. EQT anticipates the acquisition will improve margins and cash flow, enhancing shareholder value.
EQT Corporation has initiated a public offering of 20,000,000 shares of its common stock, with an option for underwriters to purchase an additional 3,000,000 shares. The proceeds will primarily fund the acquisition of upstream and midstream assets from Chevron in the Appalachian Basin. Completion of the offering is not contingent upon this acquisition. If the acquisition does not occur, funds will be allocated to repay debt and general corporate purposes. The offering is managed by Citigroup, Credit Suisse, BofA Securities, and Barclays.