secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0000033213-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT Q1 net income $103M vs $1.2B YoY; adj. EPS $0.82; free cash flow $402M
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- Net income $103M ($0.23 EPS); adjusted net income $365M ($0.82 adj. EPS); prior year $1.2B net income.
- Sales volume 534 Bcfe (+16% YoY), avg realized price $3.22/Mcfe (down from $4.11/Mcfe).
- Free cash flow $402M; total debt reduced to $5.5B, net debt $4.9B; cash on balance sheet $650M.
- Agreed to sell 40% non-operated PA assets to Equinor for >$1.1B; Equitrans acquisition pending with MVP in-service filing.
- Updated 2024 sales volume guidance to 2,100-2,200 Bcfe; maintenance capex reaffirmed $1.95-2.05B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321324000018/0000033213-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321324000018/eqt-20240423.htm
  HTML page:      https://secwatch.observer/filing/0000033213-24-000018

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