EQT Corporation (EQT, Financial) has entered into a definitive agreement to acquire significant oil and gas properties, along with related assets and contracts, from Olympus Energy LLC, Hyperion Midstream LLC, and Bow & Arrow Land Company LLC. This strategic acquisition is poised to bolster EQT's asset portfolio and strengthen its position in the energy sector.
As part of the agreement, EQT Corporation will issue 26,031,237 shares of its common stock to the sellers, subject to closing adjustments. This issuance will occur in a private offering, leveraging an exemption from the registration requirements of the Securities Act of 1933. The transaction is expected to close in the third quarter of 2025, pending regulatory approval and customary closing conditions.
This acquisition underscores EQT's commitment to expanding its operational capabilities and enhancing shareholder value. Investors and stakeholders will be keenly observing the integration process and the potential impact on EQT's financial performance in the coming quarters.
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