secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000033213-24-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT closes Equitrans Midstream acquisition ahead of plan; Q2 sales volume beats guidance, net income swings to $10M
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- Closed Equitrans acquisition a quarter early, saving ~$150M; transforms into vertically integrated natural gas business.
- Q2 sales volume 508 Bcfe above high-end guidance; average realized price $2.33/Mcfe.
- Net income $10M vs loss $67M YoY; adjusted net loss $34M; adjusted EBITDA $464M.
- Total debt down to $5.0B from $5.8B; retired $600M notes; credit facility expanded to $3.5B.
- Reaffirmed 2024 guidance: sales volume 2,100-2,200 Bcfe, maintenance capex $1.95-2.05B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321324000030/0000033213-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321324000030/eqt-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000033213-24-000030

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