- EQT Corporation has closed the sale of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and its affiliates. - EQT received approximately $1.25 billion in cash proceeds from the sale, after closing adjustments, which will be used to repay outstanding borrowings under its revolving credit facility. - EQT Corporation is an integrated American natural gas company with a focus on production and midstream operations in the Appalachian Basin. - The company is dedicated to responsibly developing its asset base and aims to be the operator of choice for stakeholders. - EQT emphasizes operational efficiency, technology, and sustainability to improve energy production practices. - The company is committed to the safety of its employees, contractors, and communities, as well as reducing its overall environmental footprint. - Trust, teamwork, heart, and evolution are core values that guide EQT's operations and interactions.

EQT Completes Non-Operated Asset Divesture

News provided by EQT Corporation (EQT-IR)

Dec 31, 2024, 16:15 ET

PITTSBURGH, Dec. 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) announced today it has closed on the sale of its remaining non-operated natural gas assets in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and its affiliates. EQT received approximately $1.25 billion in cash proceeds, less closing adjustments, from the sale, which was used to repay outstanding borrowings under its revolving credit facility.

Investor Contact
Cameron Horwitz
Managing Director, Investor Relations & Strategy
412.445.8454
Cameron.Horwitz@eqt.com

About EQT Corporation
EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.

SOURCE EQT Corporation (EQT-IR)