EQT Corporation (NYSE:EQT) Q1 2018 Earnings Conference Call - Final Transcript

Apr 26, 2018 • 10:30 am ET


EQT Corporation (NYSE:EQT) Q1 2018 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the EQT Corporation First Quarter 2018 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Patrick Kane, Chief Investor Relations Officer. Thank you. You may begin.

Patrick J. Kane

Thanks, Christine. Good morning everyone, and thank you for participating in EQT Corporation's conference call. With me today are David Porges, Interim President and Chief Executive Officer, Rob McNally, Senior VP and Chief Financial Officer, David Schlosser, Senior VP and President of Exploration and Production, Jerry Ashcroft, Senior VP and President of Midstream, Blue Jenkins, Chief Commercial Officer and Nate Tetlow, Director of Investor Relations. The replay for today's call will be available for a seven-day period beginning this evening.

The telephone number for the replay is 201-612-7415 with the confirmation code of 13674484. The call will also be replayed for seven days on our website. To remind you, the results of EQT Midstream Partners, ticker EQM, EQGP and Rice Midstream Partners are consolidated in EQT's results. Earlier this morning, there's a separate joint press release issued by EQM and EQGP. EQM and EQGP will have a joint earnings call at 11:30 today, which requires us to take the last question at 11:20.

The dial-in number for that call is 201-689-7817. In a moment, Dave, Rob and David will present their prepared remarks. Following these remarks, Dave, Rob, David, Jerry, Blue and Nate will all be available to answer your questions. First, a few logistical comments. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the proposed EQM-RMP merger, EQM will file a registration statement on Form S-4 with the SEC that will include a preliminary proxy statement -- prospectus regarding the proposed transaction.

The proxy statement prospectus, when filed, and other documents filed by EQT, EQGP, EQM and RMP with the SEC may be obtained free of charge at the SEC's website, www.sec.gov. You should review materials filed with the SEC carefully as they will include important information regarding the proposed transaction, including information about the parties and their respective directors, executive officers and employees that may be deemed to be participants in the solicitation of proxies in respect to the proposed transaction and a description of the direct and indirect interest by security holdings or otherwise.

I'd also like to remind you that today's call may contain forward-looking statements. You can find factors that could cause the company's actual results to differ materially from these forward-looking statements listed in today's press release and under risk factors in EQT's Form 10-K for the year ended December 31, 2017 filed with the SEC as updated by any subsequent Form 10-Qs, which were also on file with the SEC and available on our website.

Today's call may also contain certain non-GAAP financial measures.Please refer to this morning's press