secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0000033213-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321324000005/0000033213-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321324000005/eqt-20240213.htm
  HTML page:      https://secwatch.observer/filing/0000033213-24-000005

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