Current EQT Stock Info

EQT Corp. issued 7.475 million shares (includes overallotment) at a price to the public of $58.50 per share for gross proceeds of ~$426 million.  The offering price was at a ~4% discount to yesterday’s close.

The company’s line for the capital issuance was to maintain its investment grade rating.  At Sept 30, 2015, EQT had cash of $1.66 billion, no revolver borrowings, and no near term debt maturities.  Net debt at Q3’15 when compared to trailing twelve month (TTM) EBITDA is 1.4 times.  Adjusting for the capital raise, pro forma net debt is ...

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