secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000033213-23-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT posts Q2 net loss of $67M, retires $800M debt; Tug Hill deal awaits FTC
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- Q2 net loss attributable to EQT of $67M vs +$891M a year ago; adjusted net loss of $62M vs +$340M.
- Adjusted EBITDA fell to $360M from $943M; free cash flow negative $129M vs positive $543M.
- Retired $800M debt in Q2, totaling $1.9B since Dec 2021; total debt at $4.7B.
- Pending Tug Hill/XcL Midstream acquisition for ~$2.6B cash + 55M shares; closing expected Q3 2023.
- 2023 guidance maintained: 1,900-2,000 Bcfe, capex $1,700-$1,900M; added 2024 hedges at $3.64 floor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321323000025/0000033213-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321323000025/eqt-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000033213-23-000025

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