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 reported its third quarter 2020 results with sales volumes of 366 Bcfe, showing a slight decline from 381 Bcfe in Q3 2019. The average realized price per Mcfe decreased to $2.33, down from $2.47. A net loss of $601 million was recorded, compared to a loss of $361 million a year earlier. Free cash flow increased to $47 million, mainly due to reduced capital expenditures of $248 million, which were significantly lower than previous quarters. The company also received $202 million in tax refunds, improving liquidity amid production curtailments.
EQT Corporation released its 2019 Environmental, Social and Governance (ESG) Report, detailing efforts to enhance environmentally responsible natural gas production. Key highlights include a 23% decrease in Scope 1 greenhouse gas emissions compared to 2018, and a 78% lower methane intensity than the 2025 target. The report emphasizes EQT's commitment to stakeholders, operational efficiencies, and community investments totaling over $29 million. As the largest U.S. natural gas producer, EQT aims to play a critical role in sustainable energy practices.
EQT Corporation (NYSE: EQT) has scheduled a conference call on October 22, 2020, at 9:00 a.m. ET, to discuss its third quarter 2020 financial and operational results. The results will be released prior to market opening on the same day. A Q&A session for securities analysts will follow the discussion. Investors can access the call via the company's investor relations website, where a replay will be available for seven days.
EQT Corporation announced the results of its cash tender offer to purchase all outstanding 4.875% Senior Notes due 2021. The offer expired on August 11, 2020, with approximately $101.5 million of the notes tendered. Payment for accepted notes is expected by August 12, 2020, with additional payments for guaranteed delivery notes on August 14, 2020. The company will finance the purchase using cash on hand or borrowings from its revolving credit facility. BofA Securities acted as the Dealer Manager for the offer.
EQT Corporation has initiated a tender offer to purchase all outstanding 4.875% Senior Notes due 2021, totaling $245.39 million. The offer price is set at $1,032.50 per $1,000 principal amount, excluding accrued interest. The tender offer will expire on August 11, 2020. Holders of the notes can withdraw their bids until the expiration date. Funding will come from cash on hand and a potential draw on EQT's credit facility. BofA Securities is the dealer manager for this operation.
EQT Corporation reported its Q2 2020 financial results, showing total sales volumes of 346 Bcfe, exceeding guidance by 21 Bcfe. Revenue reached $527 million with an average realized price of $2.36 per Mcfe. Capital expenditures decreased by $163 million year-over-year, totaling $303 million. The company managed to reduce total debt by $417 million, retiring its 2021 term loan. Despite an operating net loss of $263 million, the management highlighted significant operational improvements and a successful $500 million convertible notes issuance to address debt maturities.
EQT Corporation (NYSE: EQT) will hold a conference call on July 27, 2020 at 10:30 a.m. ET to discuss its second quarter 2020 financial and operational results. The call will include a Q&A session for security analysts. Results will be released before the market opens on the same day. Interested participants can access the live audio webcast via EQT's investor relations website. EQT is a leading independent natural gas production company, focused on sustainable and efficient operations in the Appalachian Basin.