Benefits of transformation strategy have come to fruition PITTSBURGH, May 7, 2020 /PRNewswire/ -- EQT Corp. today announced financial and operational performance results for the first quarter 2020. First Quarter Highlights: Delivered sales volumes of 385 Bcfe or 4.2 Bcfe per day, 20 Bcfe above midpoint of first quarter guidance Total operating revenues of $1.1 billion; received average realized price of $2.49 per Mcfe, a [...]
EQT Corp. announced today the pricing of $440 million aggregate principal amount of its 1.75% convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended . The aggregate principal amount of the offering was increased from the previously announced offering size of $350 million. EQT also granted the initial purchasers of the [...]
EQT Corp. today announces certain preliminary first quarter 2020 operational and financial highlights, provides updates on outlook and its deleveraging plan, and schedules first quarter 2020 earnings conference call. President and CEO Toby Rice stated: "The benefits of our transformation strategy have come to fruition during the first quarter 2020. We exceeded our production expectations through continued operational [...]
EQT Corp. today announced that it intends to offer, subject to market conditions and other factors, $350 million aggregate principal amount of convertible senior notes due 2026 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended . EQT also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $52.5 million [...]
?EQT Corp. today announced a change in the location of its 2020 Annual Meeting of Shareholders due to the public health threat of the COVID-19 pandemic. To safeguard the health and well-being of meeting participants, the meeting will be held in a virtual-only format, via webcast. "At EQT, we have been closely monitoring the rapidly evolving COVID-19 situation. As the health and safety of EQT employees and shareholders [...]
Enhancing focus on paying down near-term debt maturities EQT Corp. today announced that its Board of Directors has elected to suspend the quarterly cash dividend on its common stock, effective immediately, accelerating cash flow to be utilized for EQT's debt reduction strategy. EQT expects this action will result in approximately $30 million per year in retained cash savings, which EQT intends to use to pay down [...]
Continued strategic execution creating long-term durability and sustainability EQT Corp. today announced a further reduction to its 2020 capital expenditure guidance and the execution of an agreement to permanently release certain firm transportation capacity. Lowering 2020 Capital Expenditures Again: To further enhance efficient capital deployment, EQT has reduced development activity in its Ohio Utica operations [...]
EQT Corp. announced today the early results and upsizing of its previously announced tender offer to purchase for cash up to an amended Maximum Tender Amount of its 4.875% Senior Notes due 2021 . The Company has amended the Tender Offer to increase the aggregate principal amount of Notes subject to the Tender Offer from $400 million to $500 million. All other terms of the Tender Offer remain unchanged. As of 5:00 p.m [...]
The infusion of proven leadership team has driven step-changes across the organization PITTSBURGH, Feb. 27, 2020 /PRNewswire/ -- EQT Corp. today announced financial and operational performance results for the fourth quarter and year-end 2019, as well as the successful renegotiation of its contractual midstream rates with EQM Midstream Partners, LP and the exchange of 50% of its equity stake in Equitrans Midstream [...]
EQT Corp. announced today it has commenced a tender offer to purchase for cash up to $400.0 million aggregate principal amount of its 4.875% Senior Notes due 2021 . The following table sets forth some of the terms of the Tender Offer: Title of Notes CUSIP Number Principal Amount Outstanding Tender Offer Consideration Early Tender Premium Total Consideration 4.875% Senior Notes due 2021 26884LAB5 $750,000,000 $990.00 [...]
EQT Corp. will host a conference call with security analysts on February 27, 2020, beginning at 9:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the fourth quarter and year-end 2019. A brief Q&A session for security analysts will immediately follow the discussion. The Company plans to issue its financial and operating results prior to the market [...]
EQT Corp. , today, declared a quarterly cash dividend of $0.03 per share, payable March 1, 2020, to shareholders of record at the close of business on February 14, 2020. About EQT Corporation: EQT Corp. is a natural gas production company with emphasis in the Appalachian Basin and operations throughout Pennsylvania, West Virginia and Ohio. With 130 years of experience and a long-standing history of good corporate [...]