Acquiring Company
EQT Corporation
Acquired Company
Tug Hill
Description
EQT Corporation (NYSE: EQT) ("EQT" or the "Company") today announced it has closed its previously announced acquisition of THQ Appalachia I Midco, LLC ("Tug Hill") and THQ-XcL Holdings I Midco, LLC ("XcL Midstream"). Final consideration after purchase price adjustments was comprised of approximately $2.4 billion of cash and 49.6 million shares of EQT common stock. EQT funded the cash portion of the consideration with $1.25 billion of term loan borrowings, $1 billion of cash on hand and the $150 million cash deposit previously held in escrow.
Quick answer
EQT Corporation is acquiring Tug Hill and XcL Midstream, announced August 22, 2023.
- How much did EQT Corporation pay for Tug Hill?
- The deal value was not disclosed.
- What does EQT Corporation do?
- EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin.
- Who are the decision-makers at EQT Corporation?
- Fundz holds 1 contact at EQT Corporation. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at EQT Corporation, and when
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Frequently asked
Who acquired Tug Hill?
Tug Hill was acquired by EQT Corporation. The deal was reported on August 22, 2023. EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. EQT Corporation is publicly traded (EQT) and operates in Other.
When did EQT Corporation acquire Tug Hill?
EQT Corporation's acquisition of Tug Hill was reported on August 22, 2023. EQT Corporation (NYSE: EQT) ("EQT" or the "Company") today announced it has closed its previously announced acquisition of THQ Appalachia I Midco, LLC ("Tug Hill") and THQ-XcL Holdings I Midco, LLC ("XcL Midstream"). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Tug Hill do?
Tug Hill is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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