8-KThe WireRoutine
Company Update
Filed May 31, 2024 · 2y ago · Accession 0001104659-24-067251
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
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):
( May 31, 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 8.01. Other Events.
As previously disclosed,
on April 12, 2024, certain subsidiaries (the “EQT Parties”) of EQT Corporation (together with its consolidated subsidiaries,
“EQT”) entered into a purchase, sale and exchange agreement (the “Equinor Agreement”) with Equinor USA Onshore
Properties Inc. and its affiliates (collectively, the “Equinor Parties”) pursuant to which (a) 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 and,
in exchange, to receive from the Equinor Parties (i) $500 million of cash (subject to customary purchase price adjustments), (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 and (b) the EQT Parties and the Equinor Parties
agreed to enter into at closing a gas buy-back agreement with respect to the assets received by the EQT Parties in the transaction, whereby
the Equinor Parties would purchase a specified amount of natural gas from EQT at a premium to in-basin pricing through the first quarter
of 2028 (collectively, the “Equinor Transaction”).
On May 31, 2024,
the EQT Parties and the Equinor Parties closed the Equinor Transaction.
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: May 31, 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
- May 31, 2024
- Report date
- May 31, 2024
- Document
- tm2413659d8_8k.htm
- Size
- 192 KB