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EQT Corp (EQT.N)

EQT.N on New York Stock Exchange

19.05USD
23 Jan 2019
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$-0.94 (-4.70%)
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Latest Key Developments (Source: Significant Developments)

Rice Team Says Will be Asking EQT Shareholders To Reconstite Board
Tuesday, 22 Jan 2019 02:17pm EST 

Jan 22 (Reuters) - Toby Rice and Derek Rice::RICE TEAM RESPONDS TO EQT PLAN.TOBY Z. RICE & DEREK A. RICE SAY REMAIN WILLING TO ENGAGE WITH EQT'S BOARD.TOBY RICE AND DEREK RICE ON EQT CORP SAYS RICE TEAM'S EXPECTATIONS FOR FREE CASH FLOW GENERATION ARE UNCHANGED.TOBY & DEREK RICE SAYS WILL BE ASKING SHAREHOLDERS TO RECONSTITUTE EQT BOARD WITH NEW BOARD MEMBERS AND WILL SUPPORT TOBY RICE AS CEO.TOBY Z. RICE & DEREK A. RICE SAY DISAPPOINTED THAT EQT DID NOT GET BACK TO US.TOBY AND DEREK RICE SAYS REMAINS CONFIDENT CAN DELIVER $1.9 BILLION OF COST SYNERGIES THAT WAS PART OF EQT & RICE ENERGY MERGER.TOBY AND DEREK RICE SAYS REMAIN OPEN TO REACHING A NEGOTIATED RESOLUTION WITH EQT'S BOARD.  Full Article

EQT Sees About 3 Pct Production Growth In 2019-Conf Call
Tuesday, 22 Jan 2019 09:43am EST 

Jan 22 (Reuters) - EQT Corp ::EXPECT TO MONETIZE OUR 19.9 PCT STAKE IN EQUITRANT OVER THE NEXT 1 TO 2 YEARS - CEO, CONF CALL.WE THINK THE OPERATIONAL ISSUES AND DELAYS THAT WERE CAUSED IN 2018 ARE NOW BEHIND US - CEO, CONF CALL.WE'LL SEE ABOUT A 3 PERCENT PRODUCTION GROWTH IN 2019 - CEO, CONF CALL.DISAGREES WITH RICE ENERGY CLAIMS, WHICH ARE BASED ON "FLAWED ASSUMPTIONS" - CONF CALL.  Full Article

EQT Announces 2019 Capital Expenditure Forecast
Tuesday, 22 Jan 2019 06:30am EST 

Jan 22 (Reuters) - EQT Corp ::EQT ANNOUNCES 2019 CAPITAL EXPENDITURE FORECAST AND ACTIONS TO ENHANCE SHAREHOLDER VALUE.EQT CORP - PLAN TO DELIVER APPROXIMATELY $350 MILLION OF ADJUSTED FREE CASH FLOW (A NON-GAAP MEASURE) IN 2019, AND AT LEAST $2.7 BILLION THROUGH 2023.EQT CORP - CONDUCTING SEARCH FOR EXTERNAL COO.EQT CORP - SEES 2019 CAPITAL EXPENDITURE (CAPEX) FORECAST OF $1.9 - $2.0 BILLION.EQT CORP - FORECASTS 2019 PRODUCTION SALES VOLUME OF 1,470 - 1,510 BCFE.EQT CORP - 2019 DRILLING PROGRAM ANTICIPATES A 5% INCREASE IN PRODUCTION SALES VOLUME IN 2020.EQT CORP - EXPECTS TO ANNOUNCE CHIEF OPERATING OFFICER APPOINTMENT DURING Q1 OF 2019.EQT CORP - IDENTIFIED APPROXIMATELY $100 MILLION OF ANNUAL REDUCTIONS IN ADMINISTRATIVE AND WELL DEVELOPMENT COSTS.EQT CORP - FORECASTING Q4 2018 FREE CASH FLOW OF APPROXIMATELY $100 MILLION.EQT CORP - RECENT RESTRUCTURING IS EXPECTED TO RESULT IN $50 MILLION IN ANNUAL CASH SAVINGS.EQT - ANNOUNCED FORMATION OF NEW STANDING BOARD COMMITTEE TASKED WITH AN ONGOING REVIEW OF COMPANY'S OPERATIONS AND CAPITAL DEPLOYMENT.EQT CORP - EXCLUDING VOLUMES FROM DIVESTITURES, ADJUSTED 2018 PRODUCTION IS APPROXIMATELY 1,488 BCFE.EQT CORP - PRODUCTION FOR Q4 WAS 394 BCFE, AN INCREASE OF 20 BCFE, OR 5%, OVER Q3.EQT - IDENTIFIED NEAR-TERM OPERATIONAL PROCESS IMPROVEMENTS, OTHER CAPITAL REDUCTIONS THAT WILL LOWER DEVELOPMENT COSTS BY ADDITIONAL $50 MILLION ANNUALLY.EQT CORP - PLANS TO SPUD 20 NET OHIO UTICA WELLS, WITH AN AVERAGE LATERAL LENGTH OF 11,200 FEET.  Full Article

EQT Corp Establishes New Record And Payment Dates For Quarterly Cash Dividend
Tuesday, 6 Nov 2018 06:30am EST 

Nov 6 (Reuters) - EQT Corp ::EQT CORP - ESTABLISHED NEW RECORD AND PAYMENT DATES FOR PREVIOUSLY DECLARED QUARTERLY CASH DIVIDEND OF $0.03 PER SHARE.EQT CORP - NEW DATE IS DECEMBER 3, 2018.  Full Article

Eqt Corp Q2 Adjusted share of $0.44
Thursday, 26 Jul 2018 06:30am EDT 

July 26 (Reuters) - EQT Corp ::EQT REPORTS SECOND QUARTER 2018 RESULTS.BOARD AUTHORIZES $500 MILLION SHARE REPURCHASE PROGRAM.QTRLY EQT PRODUCTION OPERATING REVENUE $950.6 MILLION VERSUS $631.1 MILLION.QTRLY DILUTED EARNINGS PER SHARE $ 0.07.QTRLY ADJUSTED EPS $0.44.QTRLY SALES VOLUME (BCFE) FOR EQT PRODUCTION WERE 362.5 BCFE VERSUS 198.1 BCFE IN Q2 2017.SEES Q3 TOTAL PRODUCTION SALES VOLUME 370 BCFE– 380 BCFE.SEES Q3 TOTAL LIQUIDS SALES VOLUME 3,800 MBBLS– 4,020 MBBLS.SEES Q3 ETHANE SALES VOLUME 1,220 MBBLS– 1,320 MBBLS.SEES TOTAL PRODUCTION SALES VOLUME IN 2ND HALF 2018 770 - 790 BCFE.SEES TOTAL LIQUID SALES VOLUME IN 2ND HALF OF 2018 7,625-7,925 MBBLS.Q2 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.  Full Article

EQT Midstream Partners Responds To Revised FERC Policy Statement
Friday, 16 Mar 2018 12:33pm EDT 

March 16 (Reuters) - EQT Midstream Partners LP::EQT MIDSTREAM PARTNERS RESPONDS TO FERC ANNOUNCEMENT.EXPECTS IMMATERIAL IMPACT, IF ANY, FROM FERC'S REVISED POLICY STATEMENT.  Full Article

EQT qtrly diluted earnings per share $5.83
Thursday, 15 Feb 2018 06:30am EST 

Feb 15 (Reuters) - EQT Corp ::EQT REPORTS FOURTH QUARTER AND YEAR-END 2017 EARNINGS.EQT CORP SEES ‍Q1 2018 TOTAL PRODUCTION SALES VOLUME 350 BCFE​ - 360 BCFE​.EQT CORP SEES ‍Q1 2018 LIQUIDS SALES VOLUME, EXCLUDING ETHANE 3,230 MBBLS​ - 3,250 MBBLS​.EQT CORP SEES ‍Q1 2018 ETHANE SALES VOLUME 1,540 MBBLS​ - 1,560 MBBLS​.EQT CORP - QTRLY DILUTED EARNINGS PER SHARE $5.83.EQT CORP SEES ‍Q1 2018 TOTAL LIQUIDS SALES VOLUME 4,770 MBBLS​ - 4,810 MBBLS​.EQT CORP SEES ‍2018 TOTAL PRODUCTION SALES VOLUME 1,520 BCFE​ - 1,560 BCFE​.EQT CORP SEES ‍2018 LIQUIDS SALES VOLUME, EXCLUDING ETHANE 12,300 MBBLS​ - 12,600 MBBLS​.EQT CORP SEES ‍2018 ETHANE SALES VOLUME 4,900 MBBLS​ - 5,200 MBBLS​.EQT CORP SEES ‍2018 TOTAL LIQUIDS SALES VOLUME 17,200 MBBLS​ - 17,800 MBBLS​.EQT CORP SEES ‍ 2018 ADJUSTED OPERATING CASH FLOW ATTRIBUTABLE TO EQT $ 2,650 MILLION - 2,750 MILLION ​.EQT CORP - QTRLY TOTAL OPERATING REVENUE FOR EQT CORP AND UNITS $1.13 BILLION VERSUS $379 MILLION.EQT CORP SEES ‍2018 ADJUSTED OPERATING CASH FLOW ATTRIBUTABLE TO EQT PRODUCTION $ 2,300 MILLION - $2,350 MILLION ​.EQT CORP - RECORDED DEFERRED TAX BENEFIT OF $1.2 BILLION IN Q4 TO REVALUE ITS EXISTING NET DEFERRED TAX LIABILITIES TO LOWER RATE.EQT CORP QTRLY ‍ADJUSTED EARNINGS PER SHARE $0.76​.  Full Article

EQT Midstream Partners, Rice Midstream Partners Announce 2018 Distribution Outlook
Wednesday, 13 Dec 2017 06:32am EST 

Dec 13 (Reuters) - EQT GP Holdings LP ::EQT MIDSTREAM PARTNERS- RICE MIDSTREAM PARTNERS INVESTMENTS IN ORGANIC PROJECTS EXPECTED TO TOTAL ABOUT $260 MILLION IN 2018.EQT MIDSTREAM-EXPECT CO'S INVESTMENTS IN ORGANIC PROJECTS, INCLUDING CAPITAL CONTRIBUTIONS TO MOUNTAIN VALLEY PIPELINE TO BE $1.4 TO $1.6 BILLION IN 2018.  Full Article

EQT Announces 2018 Operational Forecast
Wednesday, 13 Dec 2017 06:30am EST 

Dec 13 (Reuters) - Eqt Corp ::EQT ANNOUNCES 2018 OPERATIONAL FORECAST.FORECASTS 2018 PRODUCTION SALES VOLUME OF 1,520 - 1,560 BCFE.ANNOUNCED COMPANY'S 2018 CAPITAL EXPENDITURE FORECAST OF $2.4 BILLION.2018 DRILLING PROGRAM ANTICIPATES 15% INCREASE IN PRODUCTION SALES VOLUME IN 2019.ANTICIPATED THAT 2019 DEVELOPMENT PLAN WILL BE FUNDED ENTIRELY BY CASH FLOW PROVIDED BY EQT PRODUCTION.ADJUSTED OPERATING. CASH FLOW ATTRIBUTABLE TO CO PROJECTED TO BE $2,350 MILLION - $2,450 MILLION FOR 2018.EQT - CO'S 2018 CAPEX FORECAST EXCLUDES CAPEX FOR ITS RETAINED MIDSTREAM ASSETS AS WELL AS FOR EQT MIDSTREAM PARTNERS AND RICE MIDSTREAM PARTNERS LP.DUE TO REPLACEMENT OF $1.3 BILLION OF RICE SENIOR NOTES, CO EXPECTS TO REALIZE ANNUAL INTEREST SAVINGS OF ABOUT $45 MILLION.ALREADY BEGUN TO REALIZE SYNERGIES RELATED TO COMPLETION OF RICE ENERGY DEAL.2018 DRILLING PROGRAM EXPECTED TO BE FUNDED THROUGH ADJUSTED OPERATING. CASH FLOW ATTRIBUTABLE TO CO.  Full Article

EQT announces appointment of two new directors
Monday, 13 Nov 2017 04:41pm EST 

Nov 13 (Reuters) - EQT Corp :EQT announces appointment of two new directors.EQT Corp - Appointed Thomas Karam, founder & chairman of Karbon Partners and Norman Szydlowski, former president & CEO of Semgroup, to its board​.EQT Corp says has expanded board size to 15 directors​.  Full Article

EQT Corp's 2019 plan draws formal Rice brothers' challenge

EQT Corp's production guidance for 2019 and a plan for increased focus on generating cash flow drew a rebuke from founders of the company it merged with 15 months ago, who said they would challenge the energy firm's board in an upcoming shareholder ballot.