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EQT Announces Transformative Transaction With Alta Resources


EQT Announces Transformative Transaction With Alta Resources
Highly Economic Assets in the Core of the Northeast Marcellus
Pittsburgh, PA /PRNewswire/ - EQT Corporation (NYSE: EQT) today announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which EQT will acquire all of the membership interests in Alta s upstream and midstream subsidiaries for approximately $2.925 billion, subject to customary closing adjustments. The transaction is expected to close in the third quarter of 2021, with an effective date of January 1, 2021.
Transaction Highlights:
Projected annual free cash flow
(1) of $300-$400 million
Projected annual adjusted EBITDA
Purchase price implies an ~18% unlevered free cash flow yield ....

United States , Latham Watkins , Exchange Commission , Equitrans Midstream Corporation , Citi Global Markets Inc , Kirkland Ellis , Alta Resources Development , Jpmorgan Chase Bank , Malta Resources , Highly Economic Assets , Northeast Marcellus , Expansive Position , Core Northeast , Chase Bank , Global Markets , Utica Shales , Additional Information , Annual Report , Proxy Statement , Private Securities Litigation Reform Act , Appalachian Basin , Cash Flow , Free Cash Flow Yield , Free Cash Flow Per , ஒன்றுபட்டது மாநிலங்களில் , லாதம் வாட்கின்ஸ் ,

EQT Announces Transformative Transaction with Alta Resources


EQT Announces Transformative Transaction with Alta Resources
Highly Economic Assets in the Core of the Northeast Marcellus
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PITTSBURGH, May 6, 2021 /PRNewswire/  EQT Corporation (NYSE: EQT) today announced that it has entered into a purchase agreement with Alta Resources Development, LLC (Alta), pursuant to which EQT will acquire all of the membership interests in Alta s upstream and midstream subsidiaries for approximately $2.925 billion, subject to customary closing adjustments. The transaction is expected to close in the third quarter of 2021, with an effective date of January 1, 2021.
Transaction Highlights:
Projected annual free cash flow
(1) of $300-$400 million ....

United States , Andrew Breese , Latham Watkins , Exchange Commission , Equitrans Midstream Corporation , Citi Global Markets Inc , Kirkland Ellis , Alta Resources Development , Jpmorgan Chase Bank , Malta Resources , Northeast Marcellus , Expansive Position , Core Northeast Marcellus , Chase Bank , Global Markets , Utica Shales , Additional Information , Annual Report , Proxy Statement , Private Securities Litigation Reform Act , Appalachian Basin , Cash Flow , Free Cash Flow Yield , Free Cash Flow Per , ஒன்றுபட்டது மாநிலங்களில் , ஆண்ட்ரூ ப்ரீஸ் ,