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EQT Corp (EQT.N)

EQT.N on New York Stock Exchange

18.93USD
15 Feb 2019
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Latest Key Developments (Source: Significant Developments)

EQT And West Virginia Royalty Owners Reach Tentative Agreement To Settle Class Action Royalty Claims
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - EQT Corp ::EQT AND WEST VIRGINIA ROYALTY OWNERS REACH TENTATIVE AGREEMENT TO SETTLE CLASS ACTION ROYALTY CLAIMS.EQT CORP - AGREED TO PAY $53.5 MILLION INTO A SETTLEMENT FUND THAT WILL BE ESTABLISHED TO DISBURSE PAYMENTS TO CLASS PARTICIPANTS.EQT CORP - AGREED TO STOP TAKING FUTURE POST PRODUCTION DEDUCTIONS ON LEASES DETERMINED BY COURT TO NOT PERMIT DEDUCTIONS.EQT CORP - FUTURE ROYALTY PAYMENTS WILL BE BASED ON A CLEARLY DEFINED INDEX PRICING METHODOLOGY.EQT - SETTLEMENT IS TO RESOLVE ROYALTY CLAIMS FOR CLASS PERIOD, WHICH SPANS FROM 2009 THROUGH 2017.EQT CORP - BELIEVES PROPOSED SETTLEMENT AGREEMENT, WILL RESOLVE LEASE ROYALTY CLAIMS IN A CASE THAT HAS BEEN PENDING SINCE 2013.  Full Article

EQT Corp - Understand Toby Rice Is Not Interested In Being Considered For COO Role
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - EQT Corp ::EQT - UNDERSTAND TOBY RICE IS NOT INTERESTED IN BEING CONSIDERED FOR COO ROLE; CO WOULD INCLUDE TOBY RICE AS A CANDIDATE IF HE INDICATES OTHERWISE.  Full Article

Eqt Sets Quarterly Cash Dividend Of $0.03Per Share
Wednesday, 16 Jan 2019 

EQT Corp ::SETS QUARTERLY CASH DIVIDEND OF $0.03PER SHARE.  Full Article

EQT Postpones Conference Call To Discuss 2019 Guidance
Tuesday, 11 Dec 2018 

Dec 11 (Reuters) - EQT Corp ::EQT POSTPONES CONFERENCE CALL TO DISCUSS 2019 GUIDANCE AND UPDATED ANALYST PRESENTATION.EQT CORP - CALL POSTPONED IN LIGHT OF SCHEDULING CONFLICTS RESULTING FROM PASSING OF A FAMILY MEMBER OF EQT'S CEO, ROBERT MCNALLY.EQT CORP - EXPECTS TO ANNOUNCE A NEW DATE AND TIME FOR CONFERENCE CALL, ANNOUNCEMENT OF ITS 2019 CAPITAL PROGRAM IN NEAR FUTURE.  Full Article

Former Rice Energy Leadership Team Sends Letter To Board Of EQT
Monday, 10 Dec 2018 

Dec 10 (Reuters) - EQT Corp ::FORMER RICE ENERGY LEADERSHIP TEAM SENDS LETTER TO BOARD OF EQT AND RELEASES PRESENTATION ON PATH FORWARD FOR THE COMPANY.TOBY Z. RICE & DEREK A. RICE, IN LETTER TO EQT BOARD, SAYS BELIEVES EQT CAN "SIGNIFICANTLY ENHANCE SHAREHOLDER VALUE WITH IMPROVED OPERATIONAL PERFORMANCE".TOBY Z. RICE, DEREK A. RICE SAYS OVER PAST FEW WEEKS ENGAGED IN PRIVATE DIALOGUE WITH EQT CORP CHAIRMAN JIM ROHR AND CEO ROB MCNALLY.TOBY Z. RICE, DEREK A. RICE SAYS COLLECTIVELY OWN 7 MILLION SHARES OF EQT CORPORATION.TOBY Z. RICE AND DEREK A. RICE SAY IDENTIFIED DIRECTOR CANDIDATES & WILL NOMINATE THEM FOR ELECTION AT 2019 ANNUAL MEETING IF NECESSARY.TOBY Z. RICE , DEREK A. RICE - PRESENTATION HIGHLIGHTS BUSINESS PLAN TO GENERATE INCREMENTAL $400-600 MILLION OF FREE CASH FLOW ABOVE EQT'S CURRENT PLANS.TOBY Z. RICE, DEREK A. RICE, IN PRESENTATION, SAYS "EQT’S STOCK PRICE DOES NOT REFLECT THE UNDERLYING VALUE OF ITS ASSETS".TOBY Z. RICE AND DEREK A. RICE SAY WILLING TO WORK "CONSTRUCTIVELY" WITH CURRENT BOARD.TOBY RICE, DEREK RICE -"EQT SHOULD STREAMLINE THEIR ORGANIZATIONAL STRUCTURE AND BREAK DOWN SILOS TO FACILITATE INTER-DEPARTMENTAL COLLABORATION".TOBY Z. RICE, DEREK A. RICE SAY IF WE DO NOT ARRIVE AT A MUTUALLY AGREEABLE OUTCOME WITH EQT, HAVE IDENTIFIED DIRECTOR CANDIDATES FOR NOMINATION.TOBY RICE, DEREK RICE - EQT SHOULD IMPROVE PLANNING THROUGH "COORDINATED" OPERATIONS SCHEDULE TO "REDUCE COSTS" OF DRILLING, SUBSEQUENT DERIVATIVE OPERATIONS.  Full Article

EQT Announces Leadership Changes
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - EQT Corp ::EQT ANNOUNCES LEADERSHIP CHANGES.JONATHAN LUSHKO PROMOTED TO GENERAL COUNSEL AND SVP, GOVERNMENT AFFAIRS; ERIN CENTOFANTI PROMOTED TO EVP, PRODUCTION.  Full Article

EQT Qtrly Loss Per Share $0.15
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - EQT Corp ::EQT REPORTS THIRD QUARTER 2018 RESULTS.QTRLY LOSS PER SHARE $0.15.QTRLY ADJUSTED EARNINGS PER SHARE $0.35.ESTIMATED WELL DEVELOPMENT CAPITAL EXPENDITURES FOR 2018 INCREASED BY $300 MILLION TO $2.5 BILLION.CHANGED CERTAIN OPERATING ACTIVITIES IN OCT 2018 THAT WILL RESULT IN TURNED-IN-LINE WELLS COMING ONLINE LATER THAN PLANNED IN Q4.SALES VOLUME GUIDANCE 2018 WAS REDUCED TO 1460-1480 BCFE.QTRLY TOTAL OPERATING REVENUE $1.16 BILLION VERSUS $659.4 MILLION.CHANGE IN OPERATING ACTIVITIES EXPECTED TO RESULT IN A 30 BCFE REDUCTION OF PRODUCTION VOLUMES FOR 2018.Q3 EARNINGS PER SHARE VIEW $0.42, REVENUE VIEW $1.21 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY PRODUCTION SALES VOLUME 374.2 BCFE VERSUS 205.1 BCFE.SEES FY TOTAL LIQUIDS SALES VOLUME 16,730 MBBLS - 17,330 MBBLS.SEES FY ADJUSTED OPERATING CASH FLOW ATTRIBUTABLE TO EQT PRODUCTION $2,250 MILLION - $2,350 MILLION.  Full Article

EQT Board Of Directors Approves Spin-Off Of Equitrans Midstream Corp
Thursday, 25 Oct 2018 

Oct 24 (Reuters) - EQT Corp ::EQT BOARD OF DIRECTORS APPROVES SPIN-OFF OF EQUITRANS MIDSTREAM CORPORATION.RECORD DATE IS SET FOR NOVEMBER 1, 2018.SPIN-OFF WILL BE EFFECTED THROUGH A PRO RATA DISTRIBUTION OF 80.1% OF OUTSTANDING COMMON STOCK OF ETRN.EQT WILL RETAIN 19.9% OF OUTSTANDING COMMON STOCK OF ETRN.DISTRIBUTION DATE IS SET FOR NOVEMBER 12, 2018.EQT'S BOARD HAS DECLARED DIVIDEND DISTRIBUTION OF 0.80 SHARES OF ETRN COMMON STOCK FOR EVERY ONE SHARE OF EQT COMMON STOCK OUTSTANDING.THE SEPARATION OF EQT’S UPSTREAM AND MIDSTREAM BUSINESSES WILL BE COMPLETE ON THE DISTRIBUTION DATE.FOLLOWING THE SEPARATION, ETRN WILL OWN THE GENERAL PARTNER INTEREST AND A 91.3% LIMITED PARTNER INTEREST IN EQGP HOLDINGS.ETRN WILL OWN APPROXIMATE 17.9% LIMITED PARTNER INTEREST IN EQM MIDSTREAM PARTNERS.FOLLOWING THE SEPARATION, EQT WILL CONTINUE TO HOLD ITS UPSTREAM BUSINESS.ADDITIONALLY, ETRN WILL HOLD AN APPROXIMATE 12.7% LIMITED PARTNER INTEREST IN EQM.  Full Article

EQT Announces Appointment Of New Directors
Thursday, 25 Oct 2018 

Oct 24 (Reuters) - EQT Corp ::EQT ANNOUNCES APPOINTMENT OF NEW DIRECTORS.EQT CORP SAYS JAMES E. ROHR NAMED CHAIRMAN OF BOARD.EQT CORP - ROBERT J. MCNALLY, CURRENTLY EQT’S CHIEF FINANCIAL OFFICER, WHO WILL BECOME PRESIDENT AND CHIEF EXECUTIVE OFFICER OF EQT POST-SEPARATION.  Full Article

EQT Leadership Announcements
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - EQT Corp ::EQT LEADERSHIP ANNOUNCEMENTS.EQT CORP - EQT SENIOR MANAGEMENT TEAM WILL HAVE ROBERT J. MCNALLY, PRESIDENT AND CHIEF EXECUTIVE OFFICER.EQT CORP - EQT SENIOR MANAGEMENT TEAM WILL HAVE JIMMI SUE SMITH AS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.EQT CORP - EQUITRANS MIDSTREAM CORPORATION LEADERSHIP TEAM WILL BE THOMAS F. KARAM, PRESIDENT AND CHIEF EXECUTIVE OFFICER.EQT CORP - EQUITRANS MIDSTREAM CORPORATION LEADERSHIP TEAM WILL BE KIRK OLIVER, SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.EQT CORP - LEADERSHIP APPOINTMENTS, TO BE EFFECTIVE UPON COMPLETION OF COMPANY'S UPSTREAM AND MIDSTREAM BUSINESS SEPARATION.  Full Article

EQM expects to complete WV-VA Mountain Valley natgas pipe Q4 2019

Feb 14 EQM Midstream Partners LP said on Thursday it expects to complete the $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in the fourth quarter of 2019 despite remaining legal challenges against the project.