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EQT Corporation (NYSE: EQT) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of EQT Corporation (NYSE: EQT) in connection with the company's proposed acquisition of the assets of Alta Resources Development, LLC. Under the terms of the purchase agreement, EQT will acquire all of the membership interests in Alta's upstream and midstream subsidiaries for approximately $2.925 billion, consisting of $1.0 billion in cash and approximately 105 million shares of EQT common stock issued directly to Alta's shareholders. If you ow...

Message : Required fields PITTSBURGH, May 10, 2021 /PRNewswire/ -- EQT Corporation (NYSE: EQT) (the "Company" or "EQT") today announced that it has priced a private offering to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of $500 million in aggregate principal amount of its 3.125% senior notes due 2026 and $500 million in aggregate principal amount of its 3.625% senior notes due 2031 (together, the "Notes" and such offering, the "Offering").  The Notes will be issued at par. EQT expects the Offering to close on May...

Chart of the Week -    U.S. natural gas production posted the largest monthly decline on record in February, according to recent EIA data. -    Production averaged 104.8 Bcf/d, an 8.1 Bcf/d decline (7%) from January. -    Texas accounted for a 4.3-Bcf/d decline, the largest on record.   Market Movers -    The UK’s largest asset manager, Legal & General, said that it would back the activist hedge fund’s slate in the ExxonMobil (NYSE: XOM) shareholder meeting later this month.  -     Total (NYSE: TOT) reduced output by 25% at its Port Arthur refinery.  -     Alta Resour...

The natural gas storage report from the EIA for the week ending April 30th indicated that the amount of natural gas held in underground storage in the US rose by 60 billion cubic feet to 1,958 billion cubic feet by the end of the week, which left our gas supplies 345 billion cubic feet, or 15.0% below the 2,303 billion cubic feet that were in storage on April 30th of last year, and 61 billion cubic feet, or 3.0% below the five-year average of 2,019 billion cubic feet of natural gas that have been in storage as of the 30th of April in recent years....the 60 billion cubic feet that were added t...

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 ...