EQT (NYSE:EQT) -2.1% post-market Tuesday after saying it agreed to sell the remaining interest in its non-operated natural gas assets in northeast Pennsylvania to Equinor (EQNR) for $1.25B in cash, which EQT said it plans to use towards debt repayment.

Earlier this year, EQT (EQT) said it agreed to sell a 40% interest in its non-operated natural gas assets in the area to Equinor (EQNR) in exchange for $500M in cash and some upstream and midstream assets in the Appalachian Basin.

The announcement of the latest asset sale, which represents ~350M cf/day of FY 2025 forecast net production, was part of EQT's (EQT) Q3 earnings report, which included EPS that topped analyst estimates but revenues that rose slightly less than expected.

Q3 sales volume totaled 581B cfe, above the high end of guidance, driven by continued operational efficiency gains and strong well performance, despite 35B cfe of total net curtailments.

For Q4, the company anticipates total sales volume of 55B-605B cfe, including total liquids sales volume of 5.45M-5.9M barrels.

EQT (EQT) said the integration of Equitrans Midstream is more than 60% complete just three months after the deal closed, and actions so far have resulted in $145M of annualized base synergies.