EQT Corp.

EQT Corp. , today announced that Robert J. McNally, EQT’s current Chief Financial Officer, will become President and Chief Executive Officer upon completion of the Company’s upstream and midstream business separation. McNally will succeed David L. Porges who has been acting as interim President and Chief Executive Officer of EQT since March of this year. This press release features multimedia. View the full [...]

EQT Midstream Partners, LP today announced second quarter 2018 results, including net income attributable to EQM of $172.6 million, adjusted EBITDA of $209.5 million, net cash provided by operating activities of $220.2 million, and distributable cash flow of $174.7 million. EQM operating income was $182.3 million, which was 29% higher than last year. The Non-GAAP Disclosures section of this news release provides [...]

EQT Corp. today announced financial and operational performance results for the second quarter 2018. Highlights: Increase of 116% in net cash provided by operating activities Increase of 128% in adjusted operating cash flow Decrease of 20% in Production’s per unit cash operating costs Approved a 19.9% retention of SpinCo stock Authorized a $500 million stock buyback program Completed midstream streamlining [...]

EQT Corp. will host a teleconference with security analysts on July 26, beginning at 10:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the second quarter 2018. A brief Q&A session for security analysts will immediately follow the results discussion. The teleconference will be webcast live at www.EQT.com, with a replay available for seven days [...]

EQT Corp. , today, declared a quarterly cash dividend of $0.03 per share, payable September 1, 2018, to shareholders of record at the close of business on August 10, 2018. About EQT Corporation: EQT Corp. is an integrated energy company with emphasis on Appalachian area natural gas production, gathering, and transmission. With more than 130 years of experience and a long-standing history of good corporate citizenship, EQT [...]

EQT Corp. announced that it has entered into a definitive agreement to sell approximately 2.5 million non-core, net acres in the Huron Play located in Southern Appalachia to Diversified Gas and Oil PLC, for $575 million cash. The transaction also relieves EQT of approximately $200 million of plugging and other liabilities associated with the assets. EQT will retain the deep drilling rights across the acreage. The [...]

EQT Midstream Partners, LP announced today that it has priced an offering of $1.1 billion in aggregate principal amount of its 4.75% senior notes due 2023, $850 million in aggregate principal amount of its 5.5% senior notes due 2028, and $550 million in aggregate principal amount of its 6.5% senior notes due 2048, at prices to the public of 99.761%, 99.538%, 99.055% of their face value, respectively. The Partnership [...]

EQT Midstream Partners, LP today announced first quarter 2018 results, including net income of $177.2 million, adjusted EBITDA of $204.4 million, net cash provided by operating activities of $182.4 million, and distributable cash flow of $187.2 million. EQM operating income was $178.3 million, which was 23% higher than last year. The Non-GAAP Disclosures section of this news release provides reconciliations of non-GAAP [...]

EQT Corp. today announced financial and operational performance results for the first quarter 2018. Highlights: Announced plan to separate midstream and upstream businesses Announced midstream streamlining transaction details Recorded $2.3 billion non-cash impairment charge for Huron and Permian Plays Increase in adjusted operating cash flow of 116% Decrease of 26% in Production’s per unit cash operating costs [...]

EQT Midstream Partners, LP , EQT GP Holdings, LP , and Rice Midstream Partners LP , today, announced a midstream streamlining transaction that includes: EQM’s acquisition of EQT Corp.’s retained midstream assets and Gulfport Energy’s 25% ownership in the Strike Force Gathering System for $1.69 billion. EQT will receive $1.15 billion in cash and 5.9 million EQM common units and Gulfport Energy will [...]