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EQT Corp (EQT.N)

EQT.N on New York Stock Exchange

15.85USD
17 Jun 2019
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$0.04 (+0.25%)
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Latest Key Developments (Source: Significant Developments)

EQT Says Q2 Sales Volumes Expected To Be At High End Of Guidance Range
Monday, 17 Jun 2019 

June 17 (Reuters) - EQT Corp ::EQT PROVIDES PRELIMINARY SECOND QUARTER 2019 FINANCIAL AND OPERATIONAL RESULTS AND ANNOUNCES ADDITIONAL SAVINGS UNDER TARGET 10% INITIATIVE.EQT CORP - Q2 SALES VOLUMES EXPECTED TO BE AT HIGH END OF GUIDANCE RANGE.EQT CORP - OPERATIONAL EFFICIENCIES EXPECTED TO DRIVE INCREMENTAL $25 MILLION REDUCTION IN ANNUAL CAPITAL EXPENDITURES.EQT CORP - CAPITAL EXPENDITURE REDUCTIONS RAISE EXPECTED 2019 TO 2023 CUMULATIVE ADJUSTED FREE CASH FLOW (A NON-GAAP MEASURE)((1) )TO $3.0 BILLION.EQT CORP - EXPECTS Q2 2019 CAPITAL EXPENDITURES IN LINE WITH EXPECTATIONS.EQT CORP SEES Q2 CONTINUED IMPROVEMENTS IN DRILLING DAYS / 1,000 FEET, WHICH DECREASED 8% COMPARED TO Q1 2019.EQT CORP - EXPECTS Q2 ADJUSTED FREE CASH FLOW IMPROVEMENT OF $25 MILLION OVER PREVIOUS GUIDANCE, EXCLUDING IMPACT OF LITIGATION RESERVES, PROXY-RELATED COSTS.  Full Article

EQT Corp Urges Shareholders To Vote "For" All 12 Of EQT's Director Nominees
Thursday, 30 May 2019 

May 30 (Reuters) - EQT Corp ::EQT LAUNCHES VOTEGOLDFOREQT.COM.EQT CORP - URGES SHAREHOLDERS TO VOTE "FOR" ALL 12 OF EQT'S DIRECTOR NOMINEES ON GOLD UNIVERSAL PROXY CARD TODAY.EQT CORP - PROVIDES ADDITIONAL INFORMATION TO SHAREHOLDERS OUTLINING BROAD EXPERIENCE OF ALL 12 DIRECTOR NOMINEES.EQT CORP - ON TRACK TO ACHIEVE $300 TO $400 MILLION OF ADJUSTED FREE CASH FLOW IN 2019.EQT CORP - ON TRACK T ACHIEVE AT LEAST $2.9 BILLION OF ADJUSTED FREE CASH FLOW(1) THROUGH 2023.EQT CORP - BOARD DOES NOT ENDORSE DIRECTOR SLATE PUT FORTH BY TOBY Z. RICE AND DEREK A. RICE.  Full Article

EQT Says Three Long-Serving Directors To Step Down From Board
Wednesday, 8 May 2019 

May 8 (Reuters) - EQT Corp ::EQT NOMINATES JANET L. CARRIG, JAMES T. MCMANUS II, AND VALERIE A. MITCHELL TO BOARD OF DIRECTORS.THREE LONG-SERVING DIRECTORS TO STEP DOWN FROM BOARD.SENDS LETTER TO TOBY RICE IN RESPONSE TO RICE DIRECTOR NOMINATIONS.IF COMPANY'S NOMINEES ARE ELECTED, MAJORITY OF EQT'S REFRESHED AND RECONSTITUTED BOARD WILL BE NEW, INDEPENDENT DIRECTORS.EQT DIRECTORS JAMES E. ROHR, A. BRAY CARY, JR. & LEE T. TODD, JR., WILL NOT SEEK REELECTION, WILL STEP DOWN FROM BOARD AT 2019 ANNUAL MEETING.EQT, IN LETTER TO TOBY RICE, SAYS BOARD CONCLUDED ELECTION OF TOBY RICE'S SLATE OF NOMINEES WOULD NOT BE IN BEST INTERESTS OF EQT.ON TRACK TO GENERATE APPROXIMATELY $300 TO $400 MILLION OF ADJUSTED FREE CASH FLOW IN 2019.ON TRACK TO GENERATE APPROXIMATELY $2.9 BILLION OF ADJUSTED FREE CASH FLOW OVER NEXT FIVE YEARS.  Full Article

Eqt Issues Statement In Response To Lawsuit
Thursday, 25 Apr 2019 

EQT Corp ::EQT ISSUES STATEMENT IN RESPONSE TO LAWSUIT.EQT CORP - BOARD IN PROCESS OF REVIEWING RICE TEAM NOMINEES AND WILL MAKE A RECOMMENDATION TO SHAREHOLDERS IN CONNECTION WITH FILING OF CO'S PROXY STATEMENT.EQT CORP - ON TRACK TO ACHIEVE FREE CASH FLOW TARGETS SET OUT IN JANUARY.EQT CORP - WILL MAKE DECISIONS AT "APPROPRIATE TIME"..  Full Article

EQT Corp Says Q1 2019 Is In-Line With Expectations
Monday, 25 Mar 2019 

March 25 (Reuters) - EQT Corp ::EQT CORP - IMPLEMENTED COST SAVING ACTIONS THAT REDUCED ANNUAL CASH COSTS BY APPROXIMATELY $150 MILLION.EQT CORP - Q1 2019 IN-LINE WITH EXPECTATIONS.EQT CORP - CHIEF OPERATING OFFICER GARY GOULD WILL ASSUME HIS ROLE IN APRIL..EQT CORP - REITERATES COMMITMENT TO GENERATE SUSTAINABLE FREE CASH FLOW.EQT CORP - ANTICIPATES GENERATING ADJUSTED FREE CASH FLOW OF APPROXIMATELY $300 TO $400 MILLION IN 2019.EQT CORP - ANTICIPATES GENERATING ADJUSTED FREE CASH FLOW OF $2.9 BILLION OVER NEXT FIVE YEARS.  Full Article

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

EQM raises cost, delays timing of Mountain Valley natural gas pipeline

June 17 EQM Midstream Partners LP said on Monday it had raised the estimated cost of its Mountain Valley natural gas pipeline from West Virginia to Virginia to $4.8-$5.0 billion and delayed the projected completion to mid-2020 due to ongoing legal and regulatory challenges.