EQT Clear To Close Acquisition Of Tug Hill and XcL Midstream
Portfolio Pulse from Happy Mohamed
EQT Corporation has received approval from the U.S. Federal Trade Commission to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets. The acquisition is expected to lower EQT's cost structure, reduce development risk, increase cash flow and net asset value per share, and maintain its investment grade balance sheet. The transaction is expected to close within the next seven business days.
August 16, 2023 | 8:22 pm
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EQT's acquisition of Tug Hill and XcL Midstream assets is expected to improve its financial performance by lowering costs, reducing risk, and increasing cash flow and net asset value per share.
The acquisition of Tug Hill and XcL Midstream assets is expected to have a positive impact on EQT's financial performance. The company expects the acquisition to lower its cost structure, reduce development risk, and increase cash flow and net asset value per share. This could make EQT more attractive to investors, potentially leading to an increase in its stock price.
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