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EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion

Business & Policy
April 23, 2025

(Reuters) – 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