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EQT Buys Alta Res PA Assets for $2 9B in Transformative Deal

EQT Buys Alta Res PA Assets for $2 9B in Transformative Deal
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EQT Corp (EQT) Q1 2021 Earnings Call Transcript

Operator Ladies and gentlemen, hello, and welcome to the EQT First Quarter 2021 Results and Transformative Transaction with Alta Resources Call. My name is Maxine, and I ll be coordinating the call today. [Operator Instructions] I will now hand you over to your host, Andrew Breese, Director, Investor Relations, to begin. Andrew, please go ahead when you re ready. Andrew Breese Director Investor RelationsDirector Investor Relations Good morning, and thank you for joining today s call. With me today are Toby Rice, President and Chief Executive Officer; and David Khani, Chief Financial Officer. A replay for today s call will be available on our website for a 7-day period beginning this evening. In a moment, Toby and David will present the prepared remarks, and then we ll open up the line for the question-and-answer session. On our website, we posted an updated investor presentation, along with a separate presentation further detailing the transaction we announced this morning. We

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Oil Markets Optimistic As Brent Flirts With $70

Friday, May 7th, 2021 Brent tested $70 per barrel on Wednesday but fell back on Thursday. Oil “had a great run, but it got a little bit ahead of itself,” Phil Streible, chief market strategist at Blue Line Futures LLC in Chicago, told Bloomberg. “We’ve hit resistance and prices pulled back,” but it’s hard to see a summer demand boost “being derailed,” he said. Oil is still set to close out the week with another gain. Sempra to delay Port Arthur LNG. Sempra Energy (NYSE: SRE)said on Wednesday that it would delay its proposed Port Arthur LNG project until 2022 instead of this year, citing global energy markets and a focus on greenhouse gas reductions.

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Oil & Gas Boom 2021: Strong Prices, Record Revenues, Another Big Merger

Oil & Gas Boom 2021: Strong Prices, Record Revenues, Another Big Merger
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EQT Announces Transformative Transaction with Alta Resources

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

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