secwatch.observer — SEC 8-K summary
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Issuer:     EQT Corp (EQT)
CIK:        0000033213
Form:       8-K
Filed at:   2023-08-22T23:59:59+00:00
Accession:  0001104659-23-094269
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EQT closes $2.4B cash + 49.6M share acquisition of Tug Hill and XcL Midstream
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- Final consideration: ~$2.4B cash and 49.6M shares of EQT common stock.
- Funded cash portion with $1.25B term loan, $1B cash on hand, and $150M escrow deposit.
- Tug Hill producing ~800 MMcfe/d (20% liquids); XcL Midstream adds 145 miles of gathering systems.
- Expects >$80M/year synergies; pro forma NYMEX FCF breakeven reduced by ~$0.15/MMBtu.
- Pro forma financial guidance to be provided with Q3 earnings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/33213/000110465923094269/0001104659-23-094269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/33213/000110465923094269/tm2324212d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-094269

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