secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000033213-23-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT Q1 net income $1.22B, adj EPS $1.70; extends share buyback to Dec 2024
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- Net income $1.22B ($3.10 diluted EPS); adjusted net income $669M ($1.70 adj EPS).
- Sales volumes 459 Bcfe, average realized price $4.11/Mcfe; free cash flow $774M.
- Board extended share repurchase program to Dec 31, 2024; repurchased ~6M shares for $200M in Q1.
- Pending Tug Hill/XcL Midstream acquisition for ~$2.6B cash + 55M shares; adds 90K net acres.
- FY 2023 guidance maintained: 1,900-2,000 Bcfe sales volume; capex $1.7-1.9B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321323000014/0000033213-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321323000014/eqt-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000033213-23-000014

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