M&A - EQT Corp

Form Type: 8-K

Filing Date: 2025-04-22

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925037502

Filing Summary: On April 22, 2025, EQT Corporation and a wholly owned subsidiary entered into a definitive agreement to acquire certain oil and gas properties along with related assets and contracts from Olympus Energy LLC, Hyperion Midstream LLC, and Bow & Arrow Land Company LLC. EQT Corporation will issue 26,031,237 shares of its common stock to the sellers as part of the acquisition consideration, which is subject to adjustments upon closing. The acquisition is anticipated to close in the third quarter of 2025, pending regulatory approval and customary closing conditions. The stock issuance will be executed as a private offering under Section 4(a)(2) of the Securities Act of 1933, ensuring the transaction does not involve public offering requirements.

Form Type: DEF 14A

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925019408

Filing Summary: EQT Corporation filed its DEF 14A Proxy Statement for the 2025 Annual Meeting to be held on April 16, 2025. The document highlights EQT's achievements in 2024, including a transformative acquisition of Equitrans Midstream Corporation, which positioned EQT as a leading vertically integrated natural gas business in the U.S. Key accomplishments include achieving significant cash flow, integrating operations with Equitrans, and reaching a milestone of net zero greenhouse gas emissions. The meeting will discuss several proposals including the election of 10 directors for a one-year term, approval of executive compensation, and ratification of Ernst & Young LLP as the independent registered public accounting firm for 2025. The document emphasizes the importance of shareholder votes and provides details on how to participate in the virtual meeting.

Form Type: 10-K

Filing Date: 2025-02-19

Corporate Action: Merger

Type: Update

Accession Number: 000003321325000011

Filing Summary: EQT Corp reported significant developments related to the merger with Equitrans Midstream. The merger enhances EQT's operational capabilities in the midstream sector. Key aspects include financial metrics reflecting increased revenue from natural gas sales and improvements in pipeline operations. There is a comprehensive review of the company's financial performance, including revenues from contract services and detailed operational segment analyses. The report also reflects on recent asset acquisitions and their expected positive impacts on future earnings. The strategic direction towards solidifying EQT's market position through such consolidations is also highlighted, showcasing commitment to operational efficiency and growth in the energy sector. Additionally, future capital expenditures and debt management strategies are covered, explaining how these will support the merger's integration and overarching corporate objectives.

Form Type: PRE 14A

Filing Date: 2025-02-19

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925015188

Filing Summary: EQT Corporation is preparing for its 2025 Annual Meeting of Shareholders scheduled for April 16, 2025. The document outlines key information related to this meeting, including the election of ten directors, an approval for the compensation of named executive officers, an amendment to the company’s Bylaws for officer exculpation, the introduction of the 2025 Employee Stock Purchase Plan, and the ratification of Ernst & Young LLP as the company's independent auditor for 2025. Notably, EQT made a transformative acquisition of Equitrans Midstream Corporation, positioning itself as America’s only large-scale, vertically integrated natural gas company. This acquisition has led to significant efficiencies and a projected annualized synergy of approximately $275 million. The document highlights EQT's commitment to delivering value to stakeholders, achieving net zero greenhouse gas emissions, and showcasing operational performance through record achievements. The company generated significant free cash flow and net cash provided by operating activities, highlighting its strong financials and operational efficiency. The meeting format will be virtual, and shareholders will be encouraged to vote electronically or by proxy.

Form Type: 8-K

Filing Date: 2024-12-31

Corporate Action: Acquisition

Type: New

Accession Number: 000110465924132856

Filing Summary: On December 30, 2024, EQT Corporation completed a joint venture transaction with an affiliate of Blackstone Credit & Insurance, forming a new midstream joint venture. Under this agreement, EQM Midstream Partners and other subsidiaries conveyed midstream assets in exchange for Class A Units in the Joint Venture, while Blackstone contributed $3.5 billion and received Class B Units. The funds enabled EQT to settle existing borrowings under a term loan and revolving credit facility. Additionally, EQM executed a redemption of $400 million in Senior Notes and repurchased approximately $1.258 billion in various Senior Notes as part of a Tender Offer. The company engaged in a Bridge Facility credit agreement for $2.3 billion to finance these operations, which included a guaranty from EQT.