EQT Announces Transformative Transaction With Alta Resources
Highly Economic Assets in the Core of the Northeast Marcellus
Pittsburgh, PA /PRNewswire/ - EQT Corporation (NYSE: EQT) today announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which EQT will acquire all of the membership interests in Alta s upstream and midstream subsidiaries for approximately $2.925 billion, subject to customary closing adjustments. The transaction is expected to close in the third quarter of 2021, with an effective date of January 1, 2021.
Transaction Highlights:
Projected annual free cash flow
(1) of $300-$400 million
Projected annual adjusted EBITDA
Purchase price implies an ~18% unlevered free cash flow yield
EQT Announces Transformative Transaction with Alta Resources
Highly Economic Assets in the Core of the Northeast Marcellus
News provided by
Share this article
Share this article
PITTSBURGH, May 6, 2021 /PRNewswire/ EQT Corporation (NYSE: EQT) today announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which EQT will acquire all of the membership interests in Alta s upstream and midstream subsidiaries for approximately $2.925 billion, subject to customary closing adjustments. The transaction is expected to close in the third quarter of 2021, with an effective date of January 1, 2021.
Transaction Highlights:
Projected annual free cash flow
(1) of $300-$400 million