EQT Corp (EQT) to Divest Pennsylvania Natural Gas Assets [Yahoo! Finance]
EQT Corporation (EQT)
Last eqt corporation earnings: 2/27 06:30 am
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Source: Yahoo! Finance
Under the deal, valued at $500 million in cash, EQT Corp will divest a 40% interest in these assets to Equinor ASA EQNR. As part of the deal, EQT Corp will not only receive cash but also acquire additional assets from Equinor. These include 26,000 net acres in Monroe County, OH, and about 10,000 net acres in Lycoming County, PA. The newly acquired assets are projected to yield considerable production volumes by 2025, estimated at 135 million cubic feet equivalent per day (MMcfe/d) and 15 MMcfe/d, respectively. The transaction will significantly enhance Equinor's presence in the region. Following the completion of the deal, Equinor's average working interest in certain Northern Marcellus gas units will increase from 15.7% to 25.7%. This marks a strategic increase in EQNR's stake and its commitment to expanding its operational footprint in the United States. The deal includes a gas buy-back agreement, wherein Equinor will purchase gas from EQT Corp at a premium to in-basin pricing
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EQT
News
- ProShares Ultra Bloomberg Natural Gas: Trading Short-Term Tailwinds (Rating Upgrade) [Seeking Alpha]Seeking Alpha
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Mizuho from $40.00 to $43.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Q1 Earnings Top Estimates on Higher Sales Volumes [Yahoo! Finance]Yahoo! Finance
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Stephens from $46.00 to $47.00. They now have an "equal weight" rating on the stock.MarketBeat
- EQT Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
EQT
Earnings
- 4/23/24 - Miss
EQT
Sec Filings
- 4/24/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/19/24 - Form 4
- EQT's page on the SEC website