UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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 (
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including
area code : (
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:
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
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 |