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Independent Appalachian Basin natural gas E&P EQT Corp.’s board of directors announced Oct. 12 a quarterly cash dividend of $0.1575 per share.
The dividend will be payable on Dec. 1, to shareholders of record at the close of business on Nov. 8.
"Since initiating our base dividend in late 2021, we have increased the dividend by more than 25% cumulatively over that period, which underscores our confidence in the sustainability of our business and our ability to achieve a free cash flow breakeven price among the lowest in North America,” Toby Rice, EQT president and CEO, said in the release. “Consistent and reliable long-term base dividend growth will remain a key tenant of our shareholder return framework, and is underpinned by our peer-leading low-cost, multi-decade inventory position."
2024-02-22 - Chord Energy and Enerplus are combining to create an $11 billion Williston Basin operator. The deal ends a long run in the Bakken for Enerplus, which bet on the emerging horizontal shale play in Montana nearly two decades ago.
2024-02-22 - Enterprise bought Western’s 20% interest in Whitethorn and Western’s 25% interest in two NGL fractionators located in Mont Belvieu, Texas.
2024-02-22 - Stonepeak will acquire a 50% interest in Dominion Energy’s offshore wind project, which is expected to be the largest offshore wind farm in the U.S.
2024-02-22 - After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.
2024-02-22 - Chord Energy said Feb. 21 it will acquire Enerplus Corp. for nearly $4 billion in a stock-and-cash deal to potentially create the largest producer in the Williston Basin.