Key TakeawaysEQT will pay approximately $5.5 billion for midstream natural gas infrastructure provider Equitrans Midstream, its former unit, as it expands its reach into the natural gas sector.The acquisition gives Equitrans investors 0.3504 share of EQT stock for every share they hold.EQT said the deal creates "America's first large-scale integrated natural gas producer."EQT was the worst-performing stock in the S&P 500 on Monday, down 8.2% in early-afternoon trading. EQT Corp. (EQT) was the worst-performi ...

Natural gas producer EQT (EQT -8.44%) has a deal in place to buy pipeline operator Equitrans Midstream (ETRN 1.84%) for $5.5 billion, bringing a former subsidiary back in-house. Investors reacted by sending shares of EQT down about 7% as of 10:18 a.m. ET.A "transformational" acquisitionEQT is a natural gas production company focused on the Appalachian Basin, including the Marcellus shale basin. In 2018, the company spun its pipeline operations out as an independent business under the watchful eye of activis ...

EQT President and CEO Toby Z. Rice stated, "Equitrans is the most strategic and transformational transaction EQT has ever pursued, and we see this as a once in a lifetime opportunity to vertically integrate one of the highest quality natural gas resource bases anywhere in the world. As we enter the global era of natural gas, it is imperative for U.S. natural gas companies to evolve their business models to compete on the global stage against vertically integrated rivals. We have identified multiple, high co ...

EQT Corporation (EQT) closed the latest trading day at $37.59, indicating a -1.05% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.Shares of the company have appreciated by 10.98% over the course of the past month, outperforming the Oils-Energy sector's gain of 4.16% and the S&P 500's gain of 2.94%.Analysts and investors alike will be keeping a close eye on the performance of EQT Corpor ...

PITTSBURGH, March 4, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" or the "Company") today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February in response to the current low natural gas price environment resulting from warm winter weather and consequent elevated storage inventories. The Company expects to maintain this curtailment through the month of March and will reassess market conditions thereafter. Curtailments are ex ...

EQT Corporation (EQT) closed the latest trading day at $37.15, indicating a +1.56% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.52%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, added 0.9%.The company's shares have seen an increase of 3.33% over the last month, surpassing the Oils-Energy sector's gain of 0.88% and falling behind the S&P 500's gain of 3.85%.Market participants will be closely following the financial results of EQT Corporatio ...

imaginima Investment Thesis We reviewed EQT's (NYSE:EQT) performance since our last coverage by aligning its recent acquisitions with a long-term view both from the company's growth perspective and from a macro/industrial supply/demand dynamics. The financial constraints caused by the closing of the Tug Hill & Xcl deal will prove to be temporary as the company continues to dig into the potential of its assets and the efficiency of its proprietary systems. We recommend a buy at the current price. Review Our ...

2/13/20 24 1 Investor Presentation February 13, 2024 Fourth Quarter and Full Year 2023 Results 1 Cautionary Statements Cameron Horwitz Managing Director, Investor Relations & Strategy Cameron.Horwitz@eqt.com 412.395.2555 The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that a company anticipates as of a given date to be economically and legally producible and deliverable by application of develo ...

EQT Corporation (NYSE:EQT) Q4 2023 Earnings Conference Call February 14, 2024 10:00 AM ET Company Participants Cameron Horwitz - Managing Director, Investor Relations and Strategy Toby Rice - President and Chief Executive Officer Jeremy Knop - Chief Financial Officer Conference Call Participants Arun Jayaram - JPMorgan Sam Margolin - Wolfe Research John Abbott - Bank of America David Deckelbaum - TD Cowen Kevin MacCurdy - Pickering Energy Partners Ati Modak - Goldman Sachs Scott Hanold - RBC Capital Markets ...

EQT Corporation (EQT) reported fourth-quarter 2023 adjusted earnings from continuing operations of 48 cents per share, in line with the Zacks Consensus Estimate. The bottom line increased from the year-ago quarter’s adjusted earnings of 42 cents.Adjusted operating revenues increased to $1.55 billion from $1.32 billion in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $1.52 billion.Strong quarterly results were driven by higher sales volumes.ProductionSales volumes increased t ...