EQT Q4 free cash flow $236M, retires >$400M debt, 2024 guidance 2,200-2,300 Bcfe

EQT Corp

2023-FY EPS reported $4.22 revenue$6,908,923,000

Q4 sales volume 564 Bcfe (near high-end); adjusted EPS $0.48 vs $0.42 YoY; free cash flow $236M.
Retired all outstanding convertible notes (>$400M), priced $750M senior notes at 1.65% spread.
Full-year 2023 free cash flow $879M, net cash from ops $3.2B, retired $1.1B debt, base dividend up 5%.
2024 guidance: sales 2,200-2,300 Bcfe, maintenance capex $1,950-2,050M, breakeven ~$2.20/MMBtu.
Acquired ~34% interest in gathering systems for $205M (subject to third-party preferential rights).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EQT Corp updated its the fourth quarter and full year 2023 guidance (initiated).

Period: the fourth quarter and full year 2023
Guidance: initiated
Result: reported results

Exact text from the filing

Today, EQT Corporation ("EQT") issued a news release announcing its fourth quarter and year-end 2023 earnings. A copy of EQT’s news release is attached hereto and furnished as Exhibit 99.1

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EQT Corp filing history →

Source: SEC EDGAR

accession 0000033213-24-000005

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