$EQT (EQT Corporation)

$EQT {{ '2015-07-23T15:31:14+0000' | timeago}} • Announcement

$EQT 2Q15 PR: Production total operating revenues were $243.59MM vs. $373.53MM in 2Q14. Midstream total operating revenues were $192.43MM vs. $162.35MM in 2Q14. For 2016 and 2017, EQT has a natural gas sales agreement for 35 Bcf including NYMEX ceiling price of $4.88/Mcf. Production sales volume was 34% higher than 2Q14.

$EQT {{ '2017-10-17T16:36:55+0000' | timeago}} • Announcement

$EQT, which agreed to acquire $RICE in a $6.7Bil deal in Sept. 2017, said that the pending acquisition of Rice Energy will deliver significant value to the company. Earlier, activist investor JANA Partners, which owns 5.8% stake in EQT, had asked EQT to halt this deal by stating that the combined Rice-EQT acreage map is misleading.

$EQT {{ '2017-10-11T21:02:27+0000' | timeago}} • Announcement

$EQT declared a quarterly cash dividend of $0.03 per share, payable December 1, 2017, to shareholders of record on November 10, 2017.

$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.

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