8-KThe WireRoutine
Reg FD Disclosure · Company Update
Filed Apr 15, 2024 · 2y ago · Accession 0001104659-24-046999
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of report (Date of earliest event
reported): April 15, 2024 ( April 12, 2024 )
EQT CORPORATION
(Exact name of registrant as specified in
its charter)
Pennsylvania
001-3551
25-0464690
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
625 Liberty Avenue , Suite 1700
Pittsburgh , Pennsylvania 15222
(Address of principal executive offices,
including zip code)
Registrant’s telephone number, including
area code : ( 412 ) 553-5700
Not Applicable
(Former name or former address, if changed
since last report)
Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of
the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, no par value
EQT
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ¨
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. Regulation FD Disclosure.
On April 15, 2024, EQT Corporation (together with its consolidated subsidiaries, “EQT”) issued a news release relating to
the matter described below in Item 8.01, a copy of which is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
The information provided in this Item 7.01, including
the accompanying Exhibit 99.1, shall be deemed “furnished” and shall not be deemed “filed” for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability
of such section, nor shall it be incorporated by reference in any filing made by EQT pursuant to the Securities Act of 1933, as amended,
or the Exchange Act, regardless of the general incorporation language of such filing, except as expressly set forth by specific reference
in such filing.
Item 8.01. Other Events.
On April 12, 2024,
certain subsidiaries of EQT (such subsidiaries, the “EQT Parties”) entered into an agreement with Equinor USA Onshore
Properties Inc. and their affiliates (collectively, the “Equinor Parties”) pursuant to which the EQT Parties agreed to
sell an undivided 40% interest in EQT's non-operated natural gas assets in Northeast Pennsylvania to the Equinor Parties. In
exchange, the EQT Parties will receive from the Equinor Parties (i) $500 million of cash, (ii) approximately 26,000 net acres in
Monroe County, Ohio directly offsetting EQT-operated acreage, (iii) approximately 10,000 net acres predominantly in Lycoming County,
Pennsylvania under EQT-operated wells and acreage, and (iv) the remaining 16.25% ownership interest in EQT-operated gathering
systems servicing core EQT-operated acreage in Lycoming County, Pennsylvania. In addition, the parties have agreed, upon
consummation of the transaction, to enter into a gas buy-back agreement with respect to the assets to be received by the EQT Parties
in the transaction, whereby the Equinor Parties will purchase a specified amount of natural gas from EQT at a premium to in-basin
pricing through the first quarter of 2028. The transaction is subject to customary closing adjustments, required regulatory
approvals and clearances.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
News Release, dated April 15, 2024, issued by EQT Corporation.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
EQT CORPORATION
Date: April 15, 2024
By:
/s/ William E. Jordan
Name:
William E. Jordan
Title:
Executive Vice President, General Counsel and Corporate Secretary
Filing details
- Company
- EQT Corp
- Ticker
- EQT
- CIK
- 33213
- Form type
- 8-K
- Filing date
- Apr 15, 2024
- Report date
- Apr 12, 2024
- Document
- tm2411451d1_8k.htm
- Size
- 227 KB