Item 8.01. Other Events.
On December 13, 2021, EQT Corporation (the "Company") announced that its board
of directors approved a share repurchase program (the "Share Repurchase
Program"), pursuant to which the Company is authorized to repurchase up to $1
billion of its outstanding common stock. The share repurchase authority is
effective immediately and expires on December 31, 2023. Repurchases under the
Share Repurchase Program may be made, from time to time, in amounts and at
prices the Company deems appropriate and will be subject to a variety of
factors, including the market price of the Company's common stock, general
market and economic conditions, applicable legal requirements and other
considerations. The Share Repurchase Program may be suspended, modified or
discontinued at any time without prior notice.
The Company also announced that its board of directors approved the
reinstatement of the Company's regular quarterly cash dividend, starting in the
first quarter of 2022, at an annual dividend rate of $0.50 per share of the
Company's common stock ($0.125 per quarter) (the "Dividend Reinstatement"). As
is customary, details regarding the record and payment dates for quarterly
dividends will be announced at the time such dividends are declared by the
Company's board of directors.
A copy of the news release announcing the Share Repurchase Program and Dividend
Reinstatement is filed herewith as Exhibit 99.1 and is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 News Release, dated December 13, 2021, issued by EQT Corporation.
104.1 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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