|Bid||15.43 x 3000|
|Ask||15.44 x 1000|
|Day's Range||15.12 - 15.62|
|52 Week Range||15.01 - 31.24|
|Beta (3Y Monthly)||0.70|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.12 (0.79%)|
|1y Target Est||N/A|
The Rice Team (Toby Z. Rice, Derek A. Rice, J. Kyle Derham and William E. Jordan), shareholders of EQT Corporation (EQT), today responded to EQT’s misleading statements and attempts to deflect attention from its own history of underperformance in advance of EQT’s upcoming Annual Meeting of Shareholders on July 10. EQT’s statements come during a period when EQT’s stock has traded at a ten-year low.
Urges Shareholders to Keep EQT on the Best Path Forward by Voting “FOR” the Company’s Nominees on the GOLD Universal Proxy Card
Preliminary Second Quarter Results Demonstrate Continued Business Momentum
The Rice Team (Toby Z. Rice, Derek A. Rice, J. Kyle Derham and William E. Jordan), shareholders of EQT Corporation (EQT), today announced that it has delivered a presentation to EQT investors in connection with EQT’s upcoming Annual Meeting of Shareholders on July 10. In addition, John F. McCartney, commenting on behalf of the Rice Team nominees in response to EQT’s announcement of its preliminary second quarter results, stated, “EQT’s most recent press release demonstrates why we are in this contest. Now, as he is being challenged by the Rice Team, he is touting, before quarter end, a $25 million cost reduction on a $2 billion capital expenditure budget.
EQT Corporation (EQT) today provided preliminary financial and operational results for the second quarter 2019 and announced additional savings under its Target 10% Initiative. In the second quarter, EQT continued to drive operational efficiencies, building on the Company’s progress in the prior two quarters.
EQT Corporation (EQT) today mailed a letter to shareholders highlighting the complementary skills and experience of the Company’s 12 highly qualified director nominees. The EQT Board of Directors has taken a thoughtful and deliberate approach to assembling a purpose-built Board of Directors. Four new independent directors were appointed in connection with the midstream spin-off in the fourth quarter of 2018, and the Board’s Corporate Governance and 2019 Annual Meeting Committees nominated three new independent director candidates to stand for election at the upcoming Annual Meeting.
The letter issued by the Toby Rice Group yesterday contains a number of highly misleading or false statements about EQT’s financial and operational performance. Based on these continued misleading and reckless statements, we urge EQT shareholders to carefully review any materials they receive from the Toby Rice Group and conduct their own research to verify the accuracy of statements. Falsely tried to undermine EQT’s leading free cash flow generation by stating that $120 million or 40% of the $305 million of adjusted free cash flow1 generated by EQT in the last two quarters was from temporary midstream distributions.
The Rice Team (Toby Z. Rice, Derek A. Rice, J. Kyle Derham and William E. Jordan), shareholders of EQT Corporation (EQT), today sent a letter to EQT shareholders seeking to correct a number of false claims that EQT has made in its efforts to mislead shareholders. The letter also addresses a number of personal attacks that EQT has made against the Rice Team. The letter states that: “As large shareholders, we want what is best for EQT and for generating long term shareholder value.
EQT Corporation (EQT) today announced that it has mailed a letter to shareholders reviewing the strong operational and financial performance delivered by the Company’s new Board of Directors and management team. EQT’s letter stands in stark contrast with the recent nominee Q&A published by the Toby Rice Group, which was devoid of facts and relied on misleading, dated tropes about EQT. “The comments by the Toby Rice nominees reveal a startling lack of insight into EQT’s operations and confirm that they do not understand that a significant transformation has already taken place at EQT,” said Rob McNally, EQT president and chief executive officer.
The Rice Team (Toby Z. Rice, Derek A. Rice, J. Kyle Derham and William E. Jordan), shareholders of EQT Corporation (EQT), today sent an additional letter to fellow EQT shareholders emphasizing the necessity for new vision and leadership in order to realize the full potential of the merger with Rice Energy. Also in the letter, the Rice Team’s exceptional independent director candidates for the EQT Board introduce themselves to shareholders and offer their perspectives on the strengths of the Rice Team and why there is a pressing need for transformational change at EQT.
PITTSBURGH-- -- Details How to Support the EQT Team, Which Is Creating Significant and Sustainable Long-Term Value for Shareholders Features Videos Highlighting Expertise of Three New Independent Director Nominees Provides Additional Information to Shareholders Outlining the Deep and Broad Experience of All 12 of the Company’s Director Nominees Urges Shareholders to Vote “FOR” All 12 of EQT’s Highly ...
EQT Corporation (EQT) today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission in connection with the Company’s 2019 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for July 10, 2019. EQT shareholders of record as of the close of business on May 14, 2019, will be entitled to vote at the Annual Meeting. The EQT Board of Directors (the “Board”) recommends that shareholders support the EQT team and strategy that is delivering results by voting on the GOLD universal proxy card “FOR” EQT’s 12 highly qualified director nominees.
As shareholders of EQT, you may soon receive a proxy statement with voting materials from the Rices regarding EQT’s upcoming 2019 Annual Meeting. The EQT Board of Directors strongly urges you not to sign or return any white proxy card sent to you by the Rices. The EQT Board of Directors intends to file the Company’s definitive proxy statement shortly with the U.S. Securities and Exchange Commission.
Toby Z. Rice and Derek A. Rice, shareholders of EQT Corporation (EQT), with an approximately 3% ownership interest, today filed a definitive proxy statement and sent a letter to EQT shareholders outlining their comprehensive plan to transform EQT into a modern and efficient energy producer capable of driving improved shareholder returns.
Toby Z. Rice and Derek A. Rice , shareholders of EQT Corporation , with a stake of approximately 3%, today announced they are reducing the size of their slate of highly qualified nominees for the EQT Board from nine to seven.
Toby Z. Rice and Derek A. Rice , shareholders of EQT Corporation , today issued the following statement in response to the public letter sent by certain members of EQT’s Board of Directors.
EQT Corporation (EQT) today filed its preliminary proxy statement and announced that its Board of Directors has nominated three new independent director candidates, Janet L. Carrig, James T. McManus II and Valerie A. Mitchell, to stand for election to its Board of Directors at the Company’s 2019 Annual Meeting of Shareholders on July 10, 2019.
Concessions Follow Lawsuit From Rice Team
EQT Corporation today issued the following statement in response to the lawsuit recently filed by Toby Z. Rice in Pennsylvania State Court.
Toby Z. Rice, on behalf of the Rice Team, today filed a lawsuit in Pennsylvania State Court against EQT Corporation (EQT) and its Board of Directors. The lawsuit seeks to prevent EQT and the Board from taking actions that the Rice Team believes are designed to thwart its proxy campaign and manipulate the outcome of the upcoming contested election of directors at EQT’s 2019 Annual Meeting of Shareholders, which is taking place on July 10, nearly eight months after the Rice Team engaged with EQT at the request of some of the Company’s largest shareholders.
EQT Corporation 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 citizenship, EQT is the largest producer of natural gas in the United States.
EQT Corporation , today, declared a quarterly cash dividend of $0.03 per share, payable June 1, 2019, to shareholders of record at the close of business on May 15, 2019.
EQT Corporation (EQT) will host its first quarter 2019 earnings conference call with security analysts on April 25, 2019, beginning at 10:30 a.m. ET. Topics of the teleconference will include financial and operational results with respect to the first quarter 2019. A Q&A session for security analysts will immediately follow the results discussion.