EQT Corp Announces Strategic Initiatives

EQT Corp, a leading player in the US Oil, Gas & Consumable Fuels industry, has announced several significant developments. The company’s stock price has experienced fluctuations, with a recent high and low within the past year.

Share Repurchase Program

EQT has announced plans to repurchase its own shares, with a maximum of 5.535 million shares to be bought back over a three-month period.

Acquisition of Seven Seas Water Group

EQT has agreed to acquire Seven Seas Water Group, a leading provider of decentralized water and wastewater treatment solutions, from Morgan Stanley Infrastructure Partners. This acquisition is expected to expand EQT’s infrastructure portfolio.

Financing of Indira IVF Payout

EQT has secured a loan of approximately $162 million to finance a payout to shareholders of India’s Indira IVF, in which it holds a majority stake.

Strategic Initiatives

These developments suggest that EQT is actively pursuing strategic initiatives to enhance its operations and shareholder value.