---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-122342"
form_type: "8-K"
ticker: "EQT"
cik: "0000033213"
company_name: "EQT Corp"
filed_at: "2024-11-25T23:59:59+00:00"
generated_at: "2026-05-29T19:15:28.326157+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# EQT forms $8.8B midstream JV with Blackstone, receives $3.5B cash; launches $1.275B debt tender

## Summary
- Blackstone invests $3.5B for non-controlling stake in JV containing MVP, FERC assets, Hammerhead; JV valued at ~$8.8B (12x EBITDA).
- EQT retains rights to MVP expansion and MVP Southgate; proceeds to pay down term loan, revolver, and fund tender.
- EQT expects to exit 2024 with ~$9B net debt after transaction and prior NEPA divestiture.
- EQM launches tender offer for up to $1.275B of senior notes (2048, 2028, 2029, 2030) with early tender premium of $50 per $1,000; conditioned on JV close.
- EQM also plans to redeem $400M 2025 notes and $500M 2026 notes on Dec 30, 2024.

## SEC filing metadata
- accession: 0001104659-24-122342
- form_type: 8-K
- ticker: EQT
- cik: 0000033213
- company_name: EQT Corp
- filed_at: 2024-11-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/33213/000110465924122342/0001104659-24-122342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/33213/000110465924122342/tm2429194d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-122342
- JSON: https://secwatch.observer/filing/0001104659-24-122342.json
- Plain text: https://secwatch.observer/filing/0001104659-24-122342.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.