Past year: ▼ 2%(48.56 – 63.64 USD)
Each one in plain English, with the numbers worked through for a shareholder.
25 July 2025debt financing● Neutral
EQT registered $3,868,879,000 of notes across eight series, from 7.500% due 2027 to the long 2048 paper, so the holders who took them in the earlier private exchange for legacy EQM and Equitrans debt could swap into freely tradeable notes on identical terms. Paperwork closing out the Equitrans debt consolidation, not new borrowing.
1 July 2025capital raising announcement▲ Good
EQT extended its revolving credit facility's maturity by a year, to July 2030, exercising the first of two one-year extension options under its 2024 credit agreement -- routine, but a sign of continued lender confidence.
22 Apr 2025capital raising announcement▲ GoodMajor
EQT agreed to acquire oil and gas properties from Olympus Energy, Hyperion Midstream and Bow & Arrow Land, issuing about 26 million EQT shares as partial consideration, expected to close Q3 2025 -- another bolt-on continuing its Appalachian consolidation.
3 Apr 2025debt financing● Neutral
EQT completed private exchange offers swapping most of the legacy EQM Midstream notes (from the Equitrans acquisition) for new EQT-issued notes and cash, continuing to consolidate the combined company's debt under the EQT name.
18 Mar 2025material agreement● Neutral
EQT completed consent solicitations to strip most restrictive covenants from the legacy EQM Midstream note indentures, in connection with a tender offer and private exchange of EQM's old notes for new EQT-issued notes and cash - part of folding the acquired Equitrans debt into EQT's own capital structure.
31 Dec 2024security holder rights change▲ GoodMajor
EQT closed a $3.5 billion midstream joint venture with a Blackstone Credit & Insurance affiliate: EQT's EQM subsidiary contributed midstream assets for a majority equity stake, and Blackstone contributed $3.5 billion cash, which was used to redeem the former Equitrans preferred shares and repay a bridge loan taken on for that redemption and a related notes tender offer.
26 Nov 2024capital raising announcement▲ GoodMajor
EQT signed the contribution agreement forming its $3.5 billion "Pipebox" midstream joint venture with a Blackstone Credit & Insurance affiliate -- EQM contributing the Mountain Valley Pipeline mainline interests, FERC-regulated transmission/storage assets and the Hammerhead pipeline for a majority stake, Blackstone contributing $3.5 billion cash -- the deal that closed the following month.
22 July 2024business combination▲ GoodMajor
EQT completed its acquisition of Equitrans Midstream Corporation via an all-stock merger, creating a vertically integrated Appalachian natural gas company, and entered a new $3.5 billion revolving credit facility (its fourth restatement) sized for the combined company.
11 July 2024business combination● Neutral
EQT confirmed its joint proxy statement/prospectus for the Equitrans Midstream merger was filed and shareholder votes on both sides were being solicited.
11 July 2024merger communication● Neutral
EQT filed a Rule 425 communication tied to the Equitrans Midstream merger proxy solicitation.
25 June 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger vote.
25 June 2024business combination● NeutralMajor
EQT exercised its contractual right to require Equitrans to redeem all of its outstanding Series A Perpetual Convertible Preferred Shares before the merger closes, clearing the way for a clean all-common-stock combination.
24 June 2024merger communication● Neutral
EQT filed another Rule 425 communication as the Equitrans Midstream shareholder vote approached.
13 June 2024merger communication● Neutral
EQT filed a Rule 425 communication ahead of the shareholder votes on the Equitrans Midstream merger.
31 May 2024business combination● Neutral
Amendment No. 1 to the Equitrans registration fills in two things a holder would want before voting: a section on litigation brought over the merger, and a full treatment of dissenters' rights with the Pennsylvania statute attached as an annex - EQT and Equitrans common shareholders have none, but Equitrans preferred holders do. It also states the outside date: if the merger has not closed by March 10, 2025 either side can walk, automatically pushed to September 10, 2025 if antitrust clearance is still pending.
23 May 2024business combination● Neutral
EQT disclosed that the pending Equitrans Midstream merger remains subject to Hart-Scott-Rodino antitrust review.
23 May 2024merger communication● Neutral
EQT filed a Rule 425 communication noting the Equitrans merger's Hart-Scott-Rodino antitrust filings and waiting period.
17 May 2024business combination● NeutralMajor
Registration statement and joint proxy for EQT's all-stock reunion with Equitrans Midstream, the pipeline business it spun off in 2018: 0.3504 EQT shares per Equitrans share, worth about $13.15 an Equitrans share and roughly $2.00 more than Equitrans' own market price the day before the March 10, 2024 announcement. EQT holders keep about 74% of the combined company; Barclays advised Equitrans; and the break fees are lopsided - $191 million from Equitrans, but $176 million or $545 million from EQT depending on why it walks, which is where the antitrust risk in a producer buying its own pipeline shows up.
24 Apr 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
23 Apr 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
23 Apr 2024merger communication● Neutral
EQT filed another same-day Rule 425 communication regarding the Equitrans Midstream merger.
9 Apr 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
27 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
22 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
19 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
15 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
14 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
13 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
12 Mar 2024merger communication● Neutral
EQT filed another Rule 425 communication regarding the Equitrans Midstream merger.
11 Mar 2024business combination▲ GoodMajor
EQT and Equitrans Midstream jointly announced a definitive all-stock merger agreement to combine into a vertically integrated natural gas company with a combined enterprise value over $35 billion and projected annual synergies of $250 million (upside to $425 million+).
