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EQT Corp (EQT.N)

EQT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Jana Partners - on September 20, sent letter to ‍​EQT Corp
Wednesday, 20 Sep 2017 03:00pm EDT 

Sept 20 (Reuters) - Eqt Corp :Jana Partners LLC - on september 20, 2017, sent a letter to ‍​EQT Corp - sec filing.Jana Partners LLC - in the letter, continues to believe that EQT should commit immediately to separation, to occur promptly after rice acquisition.Jana Partners says also continues to believe that it may be "necessary" to bring in new directors who have made substantial investments in EQT stock‍​.Jana Partners LLC says it owns 5.8 percent stake in EQT Corp as of September 20.  Full Article

EQT accelerates plan to address sum-of-parts discount
Wednesday, 13 Sep 2017 11:42pm EDT 

Sept 13 (Reuters) - EQT Corp ::EQT accelerates plan to address sum-of-parts discount.Board to establish committee immediately upon close of rice transaction.EQT Corp - immediately upon closing of rice deal, will establish a committee of board to evaluate options for addressing eqt's sum-of-parts discount.Based on committee's recommendation, EQT's board will announce a decision by end of Q1 2018.EQT - production volume will no longer be a performance metric for eqt's long-term compensation programs and will be replaced by efficiency metrics.EQT- compensation committee to exclude acquired production volume from long-term compensation calculations related to producing rice wells as of deal close.  Full Article

Boston Partners reports 5.3 percent passive stake in EQT Corp as of December 31, 2016
Friday, 10 Feb 2017 02:16pm EST 

Boston Partners :Boston Partners reports a 5.3 percent passive stake in EQT Corp as of december 31, 2016 - SEC filing.  Full Article

EQT forecasts 2017 production sales volume of 810-830 Bcfe
Monday, 12 Dec 2016 06:30am EST 

EQT Corp : Announced company's 2017 capital expenditure (capex) forecast of $1.5 billion, excluding business development and land acquisitions . Eqt forecasts 2017 production sales volume of 810-830 Bcfe . Majority of volume expected from 2017 drilling program will be realized in 2018 . Company's 2017 capital expenditure (capex) forecast of $1.5 billion . Funding will be provided by cash generated from operations, and cash-on-hand. . Adjusted operating cash flow attributable to eqt is projected to be approximately $1,200 million for 2017 .Eqt announces 2017 operational forecast.  Full Article

EQT Corp files for a mixed shelf offering size undisclosed
Friday, 14 Oct 2016 07:34am EDT 

Eqt Corp ::.  Full Article

EQT Q2 loss per share $1.55
Thursday, 28 Jul 2016 06:26am EDT 

EQT Corp : Increases 2016 drilling plan . 2016 capital expenditure forecast of $1.0 billion is unchanged . Plans to accelerate its drilling program for second half of 2016 by spudding an additional 63 wells . Qtrly EQT corporation total operating revenues $127.5 million versus $439.6 million last year . Sees FY total production sales volume of 730 - 740 bcfe . Eqt reports second quarter 2016 earnings . Q2 loss per share $1.55 . Q2 earnings per share view $-0.39 -- Thomson Reuters I/B/E/S . Q2 revenue $72 million . Q2 adjusted loss per share $0.35 . Q2 revenue view $463 million -- Thomson Reuters I/B/E/S . EQT production achieved sales volume of 184.5 bcfe in Q2 2016, representing a 26% increase over Q2 last year. . Production achieved sales volume of 184.5 bcfe in Q2 2016, representing a 26% increase over Q2 last year .Sees Q3 total production sales volume 183 - 187 bcfe.  Full Article

EQT Corp announces pricing of upsized common stock offering
Monday, 2 May 2016 08:20pm EDT 

EQT Corporation:Says it has priced a public offering of 10.5 mln shares of its common stock at a price to the public of $67.00 per share.Says 10.5 mln share offering was upsized from the originally proposed 9,500,000 share offering.Granted the underwriters an option to purchase up to 1,575,000 additional shares of its common stock.Company intends to use net proceeds from this offering to fund the recently announced acquisition of certain properties from Statoil USA Onshore Properties, Inc.Credit Suisse and J.P. Morgan are acting as book-running managers for the offering.  Full Article

EQT intends to commence public offering of 9.5 mln shares
Monday, 2 May 2016 04:02pm EDT 

Eqt Corp:EQT corporation announces common stock offering.Intends to commence a registered public offering of 9,500,000 shares of common stock, subject to market conditions.Intends to use net proceeds from offering to fund recently announced acquisition of certain properties from Statoil USA Onshore Properties.Expects to grant underwriters an option to purchase up to 1,425,000 additional shares of common stock.  Full Article

EQT Corp to buy 62,500 core Marcellus acres for $407 mln
Monday, 2 May 2016 04:01pm EDT 

Eqt Corp:Eqt to acquire 62,500 core marcellus acres for $407 million.There is no change to company's 2016 capex or operating cash flow guidance.Acquisition increases EQT's core undeveloped Marcellus acreage by 29%.Signed definitive agreement to acquire 62,500 net acres, and current natural gas production of 50 mmcfe per day from statoil usa onshore properties.Deal for $407 million.No change to company's 2016 capex or operating cash flow guidance.  Full Article

EQT Corporation appoints Robert J. McNally as CFO
Thursday, 17 Mar 2016 04:27pm EDT 

EQT Corporation:Appoints Robert J. McNally as CFO.Robert J. McNally succeeds Philip P. Conti.  Full Article

Jana claims EQT-Rice Energy deal synergies 'grossly exaggerated'

Activist investor Jana Partners said EQT Corp's plan to save $2.50 billion after its acquisition of Rice Energy Inc was "grossly exaggerated", further mounting pressure on the oil and gas producer to abandon the deal.