EQT Accelerates SEK2.5B Buyback with SEK102M Purchases in Late April
EQT repurchased 319,370 own shares between April 20-24 at an average SEK320.73, spending SEK102.43 million under its SEK2.5 billion buyback program through May 8. Global oil disruptions via the Strait of Hormuz lifted U.S. crude output to 13.6 million barrels per day and boosted liquid fuels production to 24 million barrels per day.
1. Share Repurchases
Between April 20-24, EQT repurchased 319,370 own ordinary shares at a weighted average price of SEK320.727 per share, totaling SEK102,430,568. This is part of the SEK2.5 billion repurchase program launched on March 4 and due to run through May 8, with 2,430,608 shares acquired so far for SEK707,295,746.
2. Oil Market Developments
Disruptions to shipping through the Strait of Hormuz have elevated U.S. crude oil production to 13.6 million barrels per day and total liquid fuels output to 24 million barrels per day. These shifts are reshaping global energy flows and could influence valuation dynamics for energy-focused portfolios such as EQT's.