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 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.