15 Cash-Rich Dividend Stocks to Invest In Right Now

7. EQT Corporation (NYSE:EQT)

Operating Cash Flow (TTM): $5.13 Billion

On April 9, Reuters reported that EQT Corporation (NYSE:EQT) and Glencore agreed to buy an additional 1 million metric tons per year of liquefied natural gas from Commonwealth LNG under 20-year contracts. The report cited a regulatory filing seen by Reuters and said the deals move the U.S. exporter closer to a final investment decision.

Commonwealth said it has now sold enough export capacity from its 9.5 mtpa Louisiana project to move forward with financing, though it did not name the buyers of the remaining volumes. The latest agreements bring total contracted volumes to 3 mtpa, or nearly one-third of the project’s full capacity. EQT had already agreed on March 3 to purchase an additional 1 mtpa, bringing its total to 2 mtpa after signing an earlier 20-year deal for 1 mtpa in September.

The filing showed that these added EQT volumes replaced 1 mtpa that Japan’s JERA had previously terminated. At this point, Commonwealth has sold 8 mtpa of its planned 9.5 mtpa capacity. The company is still looking for long-term buyers, though it has said before that it plans to keep about 1 mtpa for trading.

EQT Corporation (NYSE:EQT) operates as a vertically integrated natural gas company in the United States, with production and midstream assets focused on the Appalachian Basin. Its operations span Pennsylvania, West Virginia, and Ohio, and it holds or leases about 610,000 net acres in Pennsylvania.