Eqt Corp Stock Price, News & Analysis

EQT Corporation (NYSE: EQT) will release its fourth quarter and year-end 2022 financial results on February 15, 2023, after market close. A conference call with analysts is scheduled for February 16, 2023, at 10:00 a.m. ET. Key topics will include financial results, operational guidance for 2023, and year-end 2022 reserves. Investors can access the live audio webcast on EQT's investor relations website, with a replay available for a year afterward. EQT is a leading natural gas production company focusing on responsible development and operational efficiency in the Appalachian Basin.

EQT Corporation has successfully completed a $28 million initiative to eliminate natural gas-powered pneumatic devices, achieving a 70% reduction in methane emissions and a decrease of 305,614 metric tons of CO2e annually. The project involved replacing nearly 9,000 devices, utilizing electric actuators and air compressors, and was completed a year ahead of schedule, in just 515 days. This initiative aligns with EQT's commitment to reach net-zero Scope 1 and 2 greenhouse gas emissions in its Production segment by 2025, enhancing its operational efficiency and sustainability.

EQT Corporation (NYSE: EQT) has received a "Gold Standard" rating from the Oil & Gas Methane Partnership 2.0 (OGMP 2.0) for its efforts in methane emissions reduction. This recognition highlights EQT's ambitious targets and commitment to accurate emission measurement. The OGMP 2.0 initiative, involving nearly 80 companies, aims to significantly lower methane emissions. EQT ranks among only 14 upstream firms globally to achieve this rating, with the second lowest methane intensity target set for 2025. EQT emphasizes the need for U.S. infrastructure to support global natural gas demand.

EQT Corporation reported its third-quarter 2022 results, highlighting sales volumes of 488 Bcfe and net income of $684 million. The average realized price rose to $3.41 per Mcfe, up from $2.33 a year earlier. Operational highlights include a capital expenditure of $349 million and a free cash flow of $591 million. The company plans to acquire Tug Hill and XcL Midstream for approximately $2.6 billion, enhancing its asset base. Furthermore, EQT increased its share repurchase authorization to $2 billion and aims for a $4 billion debt reduction by year-end 2023.

EQT Corporation (NYSE: EQT) has declared a quarterly cash dividend of $0.15 per share, set to be paid on December 1, 2022. Shareholders on record by the close of business on November 9, 2022 will be eligible for this dividend. EQT continues to focus on responsible development of its natural gas production in the Marcellus and Utica Shales, emphasizing sustainability and operational efficiency.

EQT Corporation (NYSE: EQT) will release its third quarter financial and operational results on October 26, 2022, after market close. The company will host a conference call for securities analysts on October 27, 2022, at 10:00 a.m. ET, discussing the results and other relevant matters. This teleconference will include a Q&A session and be accessible via EQT's investor relations website. EQT focuses on natural gas production in the Appalachian Basin and emphasizes operational efficiency and sustainability in its practices.

EQT Corporation announced the pricing of a public offering of $1.0 billion in senior notes, including $500 million of 5.678% senior notes due 2025 and $500 million of 5.700% senior notes due 2028. The offering is set to close on October 4, 2022, pending customary conditions. Proceeds will fund EQT's acquisition of THQ Appalachia I Midco, LLC and THQ-XcL Holdings I Midco, LLC. If the acquisition is not completed by June 30, 2023, the notes will be redeemed at 101% of their principal amount plus interest.

EQT Corporation has announced a $5.2 billion acquisition agreement with Tug Hill and XcL Midstream to enhance its natural gas operations in southwest Appalachia. This strategic move adds approximately 800 MMcfe/d of production and 90,000 acres to EQT's existing leasehold. The deal includes both cash and stock components and is expected to close in Q4 2022. It aims to drive significant free cash flow and shareholder value, with anticipated 4x increase in midstream free cash flow over two years.