EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion.
The company also beat first-quarter profit estimates on Tuesday, benefiting from higher natural gas prices.
The company reported an adjusted profit of $1.18 per share, for the quarter ended March 31, above analysts’ average estimate of $1.02 per share, according to data compiled by LSEG.
(Reporting by Tanay Dhumal in Bengaluru; Editing by Mohammed Safi Shamsi)