EQT Corporation (ticker: EQT) reported a net loss of income attributable to EQT of $1,586 million, or $(5.99) per diluted earnings per share. The net loss attributable to EQT for the first quarter of 2018 was impacted by an impairment charge of $2.3 billion associated with the Huron and Permian Plays, increases in other operating costs, lower gains on derivatives
Changes at the top of the largest U.S. natural gas producer EQT Corporation (ticker: EQT) announced that President and Chief Executive Officer Steven Schlotterbeck has resigned from the company for personal reasons and has also stepped down from the board of directors, effective immediately. EQT said that Schlotterbeck has also resigned his positions with EQT GP Holdings, LP (NYSE: EQGP),
Tax-free separation creates two Appalachian-based energy companies EQT Corporation (ticker: EQT) has approved a plan to separate its upstream and midstream businesses, creating a standalone publicly traded corporation (NewCo) that will focus on midstream operations. The separation is intended to qualify as tax-free to EQT shareholders for U.S. federal income tax purposes, and is expected to be completed by the
EQT announces $2.4 Billion CapEx which it expects to fund entirely from cash flow Earlier this week Pittsburgh-based EQT Corporation (ticker: EQT) turned in line the longest lateral completed to date by any operator in the Marcellus. The Haywood H18 well in Washington County, PA has a completed lateral length of 17,400 feet and will develop 42 Bcfe of reserves.
Mountain Valley Pipeline project expected to receive remaining permits and approvals in Q4 2017, with construction to commence soon after EQT Corporation (ticker: EQT) released its Q3 earnings report today. EQT Q3 Highlights and financial results Production sales volume was 5% higher than Q3 2016 Average realized price was 26% higher than Q3 2016 Received FERC Certificate for Mountain Valley
PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE:EQT) (the Company or EQT) announced today that it has priced a public offering of 10,500,000 shares of its common stock at a price to the public of $67.00 per share. The 10,500,000 share offering was upsized from the originally proposed 9,500,000 share offering. The Company has also granted the underwriters an option to purchase up to
Acquisition adds 500 undeveloped locations expected to have average laterals of 5,600 feet; Opens deep Utica opportunity; Resource Potential of the new acreage is estimated at 9.2 Tcf of Natural Gas EQT Corporation (ticker: EQT) announced it will acquire 62,500 net acres and 50 MMcfe/day of production from Statoil’s core Marcellus stake for $407 million, subject to customary closing conditions.
NYSE: EQT; NYSE: EQM; NYSE: EQGP PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT) today announced first quarter 2016 net income attributable to EQT of $5.6 million, or $0.04 per diluted share (EPS), compared to earnings of $173.4 million, or $1.14 per diluted share for the first quarter of 2015. Adjusted net income was $10.5 million in the first quarter 2016, $153.0 million lower than the first quarter 2015; and adjusted EPS
EQT Corp. issued 7.475 million shares (includes overallotment) at a price to the public of $58.50 per share for gross proceeds of ~$426 million. The offering price was at a ~4% discount to yesterday’s close. The company’s line for the capital issuance was to maintain its investment grade rating. At Sept 30, 2015, EQT had cash of $1.66 billion, no
Operators reducing operating expenses to match price downswing Natural gas production has continued to rise over the last nine years, steadily pushing down the price of natural gas at Henry Hub, and putting increasing pressure on companies’ cash margins. The above chart looks at five companies in the Marcellus, illustrating the downward trend in Henry Hub prices and cash margins
Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The company has line-of-sight growth of 20% to 25% and was producing more than 1 Bcfe/d in its Q1’14 earnings release. Range Resources completed an acreage swap with EQT Corp. (ticker: EQT) on
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