$EQT (EQT Corporation)

$EQT {{ '2016-05-17T22:24:30+0000' | timeago}} • SEC

$EQT has a $1.5Bil unsecured revolving credit facility that expires in Feb. 2019. The company had no borrowings or letters of credit outstanding under its revolving credit facility as of March 31, 2016 or Dec. 31, 2015 or at any time during 1Q16 and 1Q15.

$EQT {{ '2017-08-03T16:04:10+0000' | timeago}} • Announcement

$EQT appointed Jeremiah Ashcroft III as SVP, and president, midstream of $EQT, effective Aug. 7, 2017. Ashcroft was also appointed SVP and COO for $EQM and will join $EQM's BoD. Ashcroft replaces Lisa Hyland, whose intent to retire was announced in March 2017. Hyland will remain SVP, special projects for $EQT through March 2018.

$EQT {{ '2017-07-12T20:44:37+0000' | timeago}} • Announcement

$EQT declared a quarterly cash dividend of $0.03 per share, payable on Sept 1, 2017, to shareholders of record as of Aug 11, 2017.

$EQT {{ '2017-06-19T12:56:50+0000' | timeago}} • Announcement

$EQT to acquire $RICE for about $6.7Bil, consisting of 0.37 shares of $EQT common stock and $5.30 in cash per share of $RICE common stock. $EQT will also assume or refinance approx. $1.5Bil of net debt and preferred equity. The transaction is expected to close in 4Q17.

$EQT {{ '2017-04-19T22:03:25+0000' | timeago}} • Announcement

$EQT BoD declared a quarterly cash dividend of $0.03 per share, payable on June 1, 2017, to shareholders of record on May 12, 2017.

$EQT {{ '2017-03-01T15:57:50+0000' | timeago}} • Announcement

$EQT announced senior management appointments including David Schlosser and Lisa Hyland as SVP and Blue Jenkins as Chief Commercial Officer. A few others will continue in their current roles, which include Rob McNally as CFO; Lew Gardner as VP, External Affairs; Charlene Petrelli as Chief HR Officer; Pat Kane as Chief Investor Relations Officer.

$EQT {{ '2017-03-01T15:54:47+0000' | timeago}} • Announcement

$EQT announced that Steven Schlotterbeck has assumed the role of CEO. He is taking over from David Porges, who retired from the position, but is staying on as Executive Chairman of $EQT BoD for a year. Schlotterbeck also took over as CEO of $EQM and $EQGP.

$EQT {{ '2017-02-09T13:53:40+0000' | timeago}} • Announcement

$EQT, through its subsidiary EQT Production Co., has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acres in the Utica and current natural gas production of about 80 MMcfe per day, from Stone Energy Corp. for $527MM. The transaction is expected to close on or about Feb. 28, 2017.

$EQT {{ '2017-02-02T12:10:07+0000' | timeago}} • Announcement

Based on current NYMEX natural gas prices of $3.34, $EQT reiterated its current adjusted operating cash flow attributable to $EQT to be about $1.28Bil for 2017, which includes about $200MM from $EQT's interest in $EQGP.

$EQT {{ '2017-02-02T12:05:18+0000' | timeago}} • Announcement

$EQT reported a wider 4Q16 loss due to lower revenues. Net loss widened to $191.96MM or $1.11 per share from $134.58MM or $0.88 per share last year. Revenue dropped to $379.02MM from $601.38MM. Adjusted EPS was $0.25 compared to a loss of $0.07 per share a year ago.

$EQT {{ '2017-01-18T22:04:25+0000' | timeago}} • Announcement

$EQT's BoD declared a quarterly cash dividend of $0.03 per share. The dividend is payable on March 1, 2017 to shareholders of record on Feb. 17, 2017.

$EQT {{ '2016-12-13T17:06:39+0000' | timeago}} • Announcement

$EQT plans to drill 119 Marcellus wells with an average lateral length of 7,000 feet in FY17. The company plans to drill 81 Upper Devonian wells with an average lateral length of 7,300 feet. Based on current NYMEX natural gas prices, adjusted operating cash flow attributable to EQT is projected to be about $1,200MM.

$EQT {{ '2016-12-13T17:03:57+0000' | timeago}} • Announcement

$EQT expects FY17 CapEX of $1.5Bil, excluding business development and land acquisitions, and including $1.3Bil for well development. Production sales volume is expected to be in the range of 810-830 Bcfe, which includes volume growth of 70 Bcfe.

$EQT {{ '2016-10-27T15:25:41+0000' | timeago}} • Webcast

With respect to additional transportation volumes moving into the Midwest, $EQT said it will be moving up to about 650MM a day over the next few months. Depending on the market conditions, the company can move even more going forward.

$EQT {{ '2016-10-27T15:01:21+0000' | timeago}} • Webcast

In the Marcellus, YTD $EQT has added 143,000 core acres, including 63,000 from Statoil and 20,000 through smaller deals and leasing efforts during 2016. Since 2013, the company has added 230,000 core Marcellus acres. $EQT has completed 477 wells over this same time period, developing 44,000 acres.

$EQT {{ '2016-10-27T14:55:48+0000' | timeago}} • Webcast

$EQT said David Porges intends to retire as CEO in early 2017 and transition at that time to the role of Executive Chairman. Steve Schlotterbeck is expected to be the next CEO.

$EQT {{ '2016-10-27T14:50:41+0000' | timeago}} • Webcast

$EQT currently forecasts approx. $750MM of operating cash flow for 2016. This includes about $150MM of distributions from $EQGP.

$EQT {{ '2016-10-27T14:43:05+0000' | timeago}} • Webcast

On May 6, 2016, $EQT completed an approx. $800MM common stock offering. At the time, a portion of the proceeds were used to fund the approx. $412MM Statoil acquisition, with the rest to be used for another acquisition of similar size. On Oct. 25, 2016, $EQT acquired approx. 60,000 net Marcellus acres, including 39,300 net Utica acres, for $683MM.

$EQT {{ '2016-10-27T11:22:11+0000' | timeago}} • Announcement

$EQT said that its EQT Production segment's operating loss was $22MM in 3Q16, compared to operating income of $56.4MM in 2015. EQT Midstream's operating income was $132.7MM, an increase of $19.7MM over last year, mainly as a result of increased gathering and transmission revenue.

$EQT {{ '2016-10-27T11:19:14+0000' | timeago}} • Announcement

$EQT posted a net loss in 3Q16, hurt by lower revenues compared to 3Q15. Net loss attributable to the company was $8MM or $0.05 loss per diluted share, compared to net income attributable to the company of $40.8MM or $0.27 per diluted share last year. Adjusted net loss attributable to the company was $44.2MM or $0.26 loss per diluted share.

$EQT {{ '2016-10-25T16:00:48+0000' | timeago}} • Announcement

$EQT agreed to buy additional core Marcellus acreage from Trans Energy and entities affiliated with Republic Energy for $513MM and acreage from third-party for $170MM. The transactions are expected to close by year-end 2016. $EQT will finance the acquisitions with cash-on-hand.

Recent Transcripts

EPM (Evolution Petroleum Corp.)
Thursday, September 7 2017 - 3:00pm
SDLP (Seadrill Partners LLC)
Thursday, August 24 2017 - 5:15pm
SDRL (SeaDrill Limited)
Thursday, August 24 2017 - 4:00pm
REI (Ring Energy, Inc.)
Wednesday, August 9 2017 - 4:00pm
NOG (Northern Oil and Gas, Inc.)
Wednesday, August 9 2017 - 2:00pm
DNR (Denbury Resources Inc.)
Tuesday, August 8 2017 - 3:00pm
SRE (Sempra Energy)
Friday, August 4 2017 - 4:00pm
GTE (Gran Tierra Energy, Inc.)
Friday, August 4 2017 - 3:00pm
GST (Gastar Exploration Inc.)
Friday, August 4 2017 - 1:00pm
RIG (Transocean Ltd.)
Thursday, August 3 2017 - 1:00pm
CHK (Chesapeake Energy Corporation)
Thursday, August 3 2017 - 1:00pm
CXO (Concho Resources, Inc.)
Thursday, August 3 2017 - 1:00pm
SO (Southern Company)
Wednesday, August 2 2017 - 5:00pm
NFX (Newfield Exploration Co.)
Wednesday, August 2 2017 - 3:00pm
AVA (Avista Corp.)
Wednesday, August 2 2017 - 2:30pm
RRC (Range Resources Corporation)
Wednesday, August 2 2017 - 1:00pm
BTU (Peabody Energy Corporation)
Tuesday, August 1 2017 - 3:00pm
ARLP (Alliance Resource Partners LP)
Monday, July 31 2017 - 2:00pm
XOM (Exxon Mobil Corporation)
Friday, July 28 2017 - 1:30pm
CVE (Cenovus Energy Inc.)
Thursday, July 27 2017 - 3:00pm

AlphaGraphics you may like