EQT closes $500M asset exchange with Equinor for NE PA natural gas interest

EQT Corp

Closed sale of 40% non-operated interest in NE PA natural gas assets to Equinor USA.
Received $500M cash, ~26,000 net acres in Monroe County, OH, and ~10,000 net acres in Lycoming County, PA.
Acquired remaining 16.25% ownership in EQT-operated gathering systems in Lycoming County, PA.
Gas buy-back agreement with Equinor to purchase natural gas at premium to in-basin pricing through Q1 2028.

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