EQT Completes Non-Operated Asset Divesture
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EQT Corporation has completed the sale of its non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. for approximately $1.25 billion. The proceeds will be used to repay outstanding borrowings.
December 31, 2024 | 9:30 pm
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EQT Corporation has sold its non-operated natural gas assets in Northeast Pennsylvania for $1.25 billion, using the proceeds to repay debt.
The sale of non-operated assets for $1.25 billion provides EQT with significant cash to reduce its debt, improving its financial position. This is likely to be viewed positively by investors, potentially boosting the stock price in the short term.
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