EQT Divests Stake in Assets, Secures Gas Buy-Back Deal

EQT (EQT) has shared an announcement.

EQT Corporation has announced the sale of a 40% stake in its non-operated natural gas assets located in Northeast Pennsylvania to Equinor USA Onshore Properties Inc. and affiliates. The $500 million deal includes additional land assets and interests in Pennsylvania and Ohio, and a gas buy-back agreement where Equinor will purchase natural gas from EQT at above-market rates until the first quarter of 2028. This strategic transaction is pending regulatory approvals and standard closing conditions.

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