Sunday, January 26, 2025

EQT

Rices Say They’ll Do A Better Job with EQT Than Current Management

From Pittsburgh Business Times Activist shareholders Toby Rice and Derek Rice, locked in a public battle for control of EQT Corp. laid out in greater detail their plans for the Pittsburgh-based driller. The Rices claimed EQT’s management and board failed in vision, design and execution. The Rice brothers, shareholders of EQT (NYSE: EQT) after Rice Energy’s acquisition in 2017, said they went public

The Merger That Made the Largest Gas Producer in The U.S. Is Failing

From The Wall Street Journal When EQT Corp.  agreed to buy Rice Energy Inc. for $6.7 billion a little over a year ago to create the country’s largest natural-gas producer, it promised that the combined company would be able to make more by spending less. Those promises have so far fallen flat, and what many cheered as one of the first deals

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Rice Brothers Seek EQT Meeting This Week to Pursue CEO’s Ouster

From Bloomberg Rice Energy Inc.’s co-founders told EQT Corp.’s board that they want to discuss replacing the natural gas producer’s chief executive officer, chairman and some of its directors. Toby and Derek Rice, whose energy company was acquired last year by EQT, outlined their plans in a letter to EQT’s board and suggested they meet this week. “We strongly prefer

EQT’s Annual Shareholder Meeting is Here: Two Brothers Lead Showdown With U.S. Natural Gas Giant - Oil & Gas 360

EQT’s Board to Seek Talks with Rice Brothers: Reuters

From Reuters EQT Corp’s board of directors will ask to meet Toby and Derek Rice for talks, people familiar with the matter said on Sunday, after the two brothers threatened the largest producer of natural gas in the United States with a board challenge. The Rice family sold its company Rice Energy Inc to EQT for $6.7 billion in cash

Brothers Who Sold Rice Energy to EQT Frustrated With EQT’s Operations

From The Wall Street Journal Two of the brothers who sold Rice Energy Inc. to EQT Corp. EQT +2.72% last year say the $4.7 billion oil-and-gas company is mismanaging its assets, and they want to take over running the company. Derek and Toby Rice, who founded Rice Energy with their brother, Daniel Rice IV, say a lack of operational experience is hurting EQT’s stock price

EQT Reschedules Completions

CapEx up, later completions means Q4 production will be down EQT Corp (ticker: EQT) announced third quarter results today, showing a net loss of $39.7 million or ($0.15) per share. Much of this loss is due to impairments and other special charges. After these are excluded, EQT earned an adjusted $90.9 million in Q3 2018, well above the adjusted $17.4

EQT Corporation Streamlines Midstream Through Q2

EQT Corporation (NYSE: EQT) announced its Q2 earnings, which was highlighted by a massive jump in both net cash provided by operating activities and in adjusted operating cash flow. EQT also recapped major sales of assets made in Q2, along with plans for further stock buyback initiatives. Highlights: Increase of 116% in net cash provided by operating activities Increase of