secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0000033213-25-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT Q1 adj EPS $1.18, FCF $1.04B; raises 2025 guidance; acquires Olympus for $1.8B
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- Q1 sales volume 571 Bcfe (high-end of guidance); net income $242M; adjusted net income $713M ($1.18 adj EPS).
- Generated $1,036M free cash flow attributable to EQT; net debt reduced ~$1B to $8.1B.
- Raising 2025 production guidance by 25 Bcfe to 2,200-2,300 Bcfe; lowering capex midpoint by $25M to $1,950-2,070M.
- Announced $1.8B acquisition of Olympus Energy assets: $500M cash + ~26M EQT shares; ~3.4x EBITDA multiple, ~15% FCF yield; expected close early Q3 2025.
- Pro-forma year-end 2025 net debt forecast ~$7B, below $7.5B target.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000003321325000021/0000033213-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000003321325000021/eqt-20250422.htm
  HTML page:      https://secwatch.observer/filing/0000033213-25-000021

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