EQT said it completed the acquisition of the upstream assets of THQ Appalachia I, LLC and the gathering and processing assets of THQ-XcL Holdings I, LLC on August 22, 2023, in exchange for 49,599,796 shares of EQT common stock and about $2.4 billion in cash, subject to customary post-closing adjustments.

1. 01

   EQT said it completed the acquisition of the upstream assets of THQ Appalachia I, LLC and the gathering and processing assets of THQ-XcL Holdings I, LLC on August 22, 2023, in exchange for 49,599,796 shares of EQT common stock and about $2.4 billion in cash, subject to customary post-closing adjustments.

2. 02

   The company said it funded the cash consideration with $1.25 billion of borrowings under its term loan facility, $1.0 billion of cash on hand, and the $150 million cash deposit previously placed in escrow.

3. 03

   The company presented pro forma combined total operating revenues of $7,533,787 thousand and operating income of $2,563,900 thousand for the year ended 2023, compared with EQT’s historical figures of $6,908,923 thousand and $2,314,411 thousand, respectively.

4. 04

   The company presented pro forma combined net income attributable to EQT of $1,912,394 thousand, basic earnings per share of $5.02 and diluted earnings per share of $4.65 for the year ended 2023, while EQT’s historical figures were $1,735,232 thousand, $4.56 and $4.22, respectively.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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