EQT Buys Alta Res. PA Assets for $2.9B in “Transformative” Deal

Of course, there was big news to report on Friday, the day MDN took off as a brief vacation day (the graduation ceremony was great!). The big news from last Thursday afternoon and Friday was (a) EQT's first quarter update, and (b) EQT announced it has cut a deal to buy the northeastern Pennsylvania Marcellus assets of Alta Resources for a whopping $2.9 billion--pretty close to the asking price (see Alta Resources Shopping 547K Marcellus Acres, Asking $3B). EQT's 1Q21 update kind of got swallowed up in all the chatter about the Alta deal. We break it all down below.

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