- American City Business Journals•50 minutes ago
EQT Corp. will pay a total of $683 million in two separate transactions to add about 60,000 acres of natural gas holdings in its target area in the Marcellus Shale, deals that will include a merger with one of the companies. EQT (EQT) announced Tuesday it would pay $513 million to Trans Energy Inc. (TENG) and its joint venture partner Republic Energy for 42,600 acres and 42 million cubic feet per day of natural gas production in West Virginia as well as a tender offer worth $3.58 a share for outstanding shares of Trans Energy in a merger agreement that will make Trans Energy a wholly owned subsidiary of EQT. Republic Energy is a privately held company that is a joint venture partner of Trans Energy to produce natural gas out of holdings in Marshall, Wetzel and Marion counties in West Virginia.
- Business Wire•1 hour ago
EQT Corporation , today, announced that it has signed definitive agreements, in related transactions, to acquire additional core Marcellus acreage, consisting of -- 42,600 net acres and current natural gas production of approximately 42 MMcfe per day from Trans Energy, Inc.
EQT Corporation (EQT)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||65.42 x 100|
|Ask||65.48 x 100|
|Day's Range||64.62 - 66.55|
|52wk Range||47.10 - 80.61|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-29.84|
|Avg Vol (3m)||1,572,541|
|Dividend & Yield||0.12 (0.19%)|