From Pittsburgh Business Times A new wave of belt tightening ushered in 2019 among natural gas producers in the Appalachian basin. Publicly traded companies who are among the region’s biggest producers — EQT Corp., Range Resources, CNX Resources Corp. and Southwestern Energy Co. — have all said within the past few weeks that they will be spending less on drilling
From Pittsburgh Business Times Activist shareholders Toby Rice and Derek Rice, locked in a public battle for control of EQT Corp. laid out in greater detail their plans for the Pittsburgh-based driller. The Rices claimed EQT’s management and board failed in vision, design and execution. The Rice brothers, shareholders of EQT (NYSE: EQT) after Rice Energy’s acquisition in 2017, said they went public
From The Wall Street Journal When EQT Corp. agreed to buy Rice Energy Inc. for $6.7 billion a little over a year ago to create the country’s largest natural-gas producer, it promised that the combined company would be able to make more by spending less. Those promises have so far fallen flat, and what many cheered as one of the first deals
From Bloomberg Rice Energy Inc.’s co-founders told EQT Corp.’s board that they want to discuss replacing the natural gas producer’s chief executive officer, chairman and some of its directors. Toby and Derek Rice, whose energy company was acquired last year by EQT, outlined their plans in a letter to EQT’s board and suggested they meet this week. “We strongly prefer
From Reuters EQT Corp’s board of directors will ask to meet Toby and Derek Rice for talks, people familiar with the matter said on Sunday, after the two brothers threatened the largest producer of natural gas in the United States with a board challenge. The Rice family sold its company Rice Energy Inc to EQT for $6.7 billion in cash
From The Wall Street Journal Two of the brothers who sold Rice Energy Inc. to EQT Corp. EQT +2.72% last year say the $4.7 billion oil-and-gas company is mismanaging its assets, and they want to take over running the company. Derek and Toby Rice, who founded Rice Energy with their brother, Daniel Rice IV, say a lack of operational experience is hurting EQT’s stock price
AltaGas Appoints Randall Crawford as Chief Executive Officer
CapEx up, later completions means Q4 production will be down EQT Corp (ticker: EQT) announced third quarter results today, showing a net loss of $39.7 million or ($0.15) per share. Much of this loss is due to impairments and other special charges. After these are excluded, EQT earned an adjusted $90.9 million in Q3 2018, well above the adjusted $17.4
EQT Board of Directors Approves Spin-off of Equitrans Midstream Corporation
