EQT Announces Proposed Public Offering Of Common Stock

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EQT Corp. (EQT) Announces Acquisition of Chevron's (CVX) Appalachia Assets for $735 Million

October 27, 2020 4:12 PM EDT

EQT Corporation (NYSE: EQT) today announced that it has entered into a definitive purchase and sale agreement with Chevron U.S.A. Inc. under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for $735 million, subject to customary adjustments at closing. The transaction is expected to close late in the fourth quarter of 2020, subject to customary closing conditions, with an effective date under the purchase and sale agreement of July 1, 2020. EQT intends to finance the... More