EQT Stock Recent News

The offering resulted in aggregate gross proceeds of USD920 million, of which EQT received c. USD393 million NEW YORK , Feb. 24, 2025 /PRNewswire/ -- An affiliate of the fund known as EQT VIII ("EQT") is pleased to announce the completion of an underwritten public offering (the "Offering") of 23 million shares of common stock of Waystar Holding Corp. (NASDAQ: WAY) (the "Company") ("Shares") for aggregate gross proceeds of USD920 million.

PITTSBURGH , Feb. 24, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced that it has commenced offers to Eligible Holders (as defined below) to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes (the "Existing EQM Notes") issued by EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, for up to $4,541,839,000 aggregate principal amount of new notes issued by EQT (the "New Notes") and cash, as set forth in the table below. The following table sets forth the Exchange Consideration and Total Exchange Consideration for each series of Existing EQM Notes: Title of Notes CUSIP Number Principal  Amount Outstanding Exchange Consideration (1) Total Exchange Consideration (2) 7.500% Senior Notes due 2027 26885BAM2 /U26886AE8 $500,000,000 $950 principal amount of new EQT 7.500% Senior Notes due 2027 and $1.00 (in cash) $1,000

Offers to Purchase for Cash Any and All EQM Midstream Partners, LP's Outstanding 6.500% Senior Notes due 2027 and Up to $750,000,000 Aggregate Purchase Price for EQT Corporation's 3.900% Senior Notes due 2027, Less the Aggregate Purchase Price of the EQM Notes Validly Tendered and Accepted for Purchase and Solicitation of Consents to Amend the Indenture Governing EQM Midstream Partners, LP's 6.500% Senior Notes due 2027 PITTSBURGH , Feb. 24, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its consolidated subsidiaries, the "Company") today announced that (i) EQM Midstream Partners, LP ("EQM"), an indirect wholly owned subsidiary of EQT, has commenced a tender offer (the "EQM Tender Offer") to purchase for cash any and all of EQM's outstanding 6.500% Senior Notes due 2027 (the "EQM Notes") and (ii) EQT has commenced a tender offer (the "EQT Tender Offer" and, together with the EQM Tender Offer, the "Tender Offers") to purchase for cash EQT's outstanding 3.

EQT (EQT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here is how EQT Corporation (EQT) and Berry Petroleum (BRY) have performed compared to their sector so far this year.

EQT Corp. has demonstrated strong operational performance, exceeding Q4 2024 guidance with higher production and lower CAPEX, leading to increased capital efficiency and free cash flow. The acquisition of Equitrans has resulted in cost synergies and enhanced EQT's ability to manage production and transportation costs, further boosting profitability. With favorable natural gas pricing and strategic hedging, EQT is well-positioned to generate significant free cash flow, justifying a raised target price of $70 per share.

EQT's latest acquisition lowered costs. The cold winter will significantly boost Q1 profits due to rising natural gas prices. Anticipated long-term natural gas price recovery and potential global market integration present a promising future for EQT.

A strong beat on the profitability front was the news pushing EQT's (EQT 0.85%) stock upward on Wednesday. That was the highlight of the natural gas producer's fourth-quarter report, and it helped its stock land in positive territory with a nearly 1% gain on the day.

EQT Corporation (NYSE:EQT ) Q4 2024 Earnings Conference Call February 19, 2025 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 John Abbott - Wolfe Research Arun Jayaram - J.P. Morgan Kalei Akamine - Bank of America Merrill Lynch Neil Mehta - Goldman Sachs Josh Silverstein - UBS Roger Reed - Wells Fargo John Ennis - Texas Capital Scott Hanold - RBC Jacob Roberts - TPH Michael Scialla - Stephens Bert Donnes - Truist Securities Operator Thank you for standing by.

EQT's Q4 earnings and revenues beat estimates, fueled by increased sales volumes, higher average realized prices and lower total operating expenses.