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 (EQT), the largest U.S. natural gas producer, provides critical energy resources through integrated operations in the Appalachian Basin. This page aggregates official announcements, financial results, and strategic developments shaping the company's position in the evolving energy sector.
Investors and industry observers will find timely updates on operational milestones, mergers and acquisitions like the Equitrans Midstream integration, and technology initiatives driving efficiency. Content spans quarterly earnings, ESG progress, infrastructure expansions, and leadership updates essential for informed decision-making.
All materials are sourced directly from EQT's communications and verified financial disclosures, offering a reliable hub for tracking production trends, regulatory compliance, and market strategies. Bookmark this page for streamlined access to developments impacting natural gas markets and EQT's operational footprint.
EQT has completed its acquisition of Equitrans Midstream , creating America's only large-scale, vertically integrated natural gas business. The combined company is projected to have an unlevered NYMEX free cash flow breakeven price of approximately $2.00 per MMBtu, positioning it at the low end of the North American cost curve. EQT has identified over $425 million in annual synergies from the merger, which could further reduce its long-term free cash flow breakeven price.
The integration of Equitrans' midstream assets is expected to improve the economics of EQT's approximately 4,000 drilling locations. The early completion of the transaction resulted in nearly $150 million of savings compared to the original forecast. Three former Equitrans directors have joined the EQT Board of Directors as part of the merger agreement.
Tortoise has announced significant changes to two of its indices due to a corporate action. Equitrans Midstream Corp (NYSE:ETRN) will be removed from both the Tortoise North American Pipeline Index (TNAP) and the Tortoise Decarbonization Infrastructure Index (DCRBN) following its approved acquisition by EQT Corp (NYSE:EQT). The removal will take effect at market open on Monday, July 22, 2024.
For the TNAP, a special rebalance will be conducted to accommodate ETRN's removal. In contrast, the DCRBN will not require a special rebalancing; instead, ETRN's weight will be distributed proportionally among the remaining index constituents.
EQT (NYSE: EQT) has announced a quarterly cash dividend of $0.1575 per share. The dividend will be payable on September 1, 2024, to shareholders of record at the close of business on August 7, 2024. This declaration by the Board of Directors demonstrates EQT's commitment to providing regular returns to its shareholders. The announcement, made on July 16, 2024, maintains EQT's dividend policy, which can be seen as a sign of financial stability and confidence in the company's cash flow generation capabilities.
EQT (NYSE: EQT) will release its second quarter 2024 financial and operating results after market close on Tuesday, July 23, 2024. A conference call to discuss these results and other relevant issues will be held on Wednesday, July 24, 2024, at 10:00 a.m. ET. The call will include a Q&A session for securities analysts. Interested parties can access the live audio webcast on EQT's investor relations website, where a replay will also be available for one year after the live event.
EQT , a leading natural gas producer, has released its 2023 Environmental, Social and Governance (ESG) Report titled "Unlimited Potential." The report highlights significant reductions in emissions, including a 70% decrease in Scope 1 greenhouse gas (GHG) emissions intensity since 2018, and a reduction in Scope 1 methane emissions intensity to below 0.02%. EQT aims to achieve net zero Scope 1 and Scope 2 GHG emissions by 2025. Notable achievements include a 35% year-over-year reduction in Scope 1 GHG emissions intensity in 2023, recycling 96% of produced water, and earning a "Gold Standard" rating from the United Nations' OGMP 2.0 for the second year in a row. The company has also partnered on various projects to further reduce carbon emissions and has been recognized for its environmental and social contributions.
On the social front, EQT generated $1.1 billion in GDP and $606 million in indirect GDP in 2023, paid $795 million in royalties to landowners, and invested over $56 million in local communities. Governance highlights include integrating ESG metrics into executive compensation and maintaining a "AA" ESG rating from MSCI.
Equitrans Midstream (NYSE: ETRN) and EQT (NYSE: EQT) have set the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration amid the proposed merger between the two companies. The deadline is 11:59 p.m. Eastern Time on July 9, 2024. Holders must complete and submit the required election forms to Equiniti Trust Company, Equitrans' transfer agent, by this time. If holders fail to submit their forms on time, they will automatically be considered to have elected the Conversion Election. Notably, Equitrans Preferred Stock may be optionally redeemed before the merger completion as per the Merger Agreement.
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