We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
EQT Corporation (the Company or EQT) (NYSE: EQT) announced today the pricing of $440 million aggregate principal amount of its 1.75% convertible senior notes due 2026 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). 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 notes a 13-day option to purchase up to an additional $60 million aggregate principal amount of notes. The aggregate principal amount of the option was increased from the previously announced option to purchase up to an additional $52.5 million aggregate principal amount of notes. EQT expects the offering to close on April 28, 2020, subject to the satisfaction of customary closing conditions.
EQT Corp (EQT) announces plan of revisiting the dividend policy once the balance sheet and leverage metrics are strengthened over time.
EQT Corporation (NYSE: EQT) today announced that it has closed a transaction to sell certain non-strategic assets and implemented a strategic volume curtailment program.
Q1 2020 EQT Corp Earnings Call
EQT Corporation (NYSE: EQT) 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.
All businesses, including the ones in critical industries, have been taking measures: Keeping employees six feet apart, deep cleaning high-touch surfaces more regularly and making sure that sick workers stay home.
If you own shares in EQT Corporation (NYSE:EQT) then it's worth thinking about how it contributes to the volatility of...
EQT Corporation (NYSE: EQT) 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 additional near-term debt maturities.
The company will free up an estimated $30 million in cash, and it's part of a number of actions the Pittsburgh-based driller has taken in recent weeks.
EQT Corporation (the Company or EQT) (NYSE: EQT) 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 (the "notes") in a private offering (the "offering") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). EQT also intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $52.5 million aggregate principal amount of notes.
But the Saudi Arabian-Russia oil price war and its collateral damage on oil-rich Marcellus competitors started raising the waterlogged shares of local natural gas producers.
EQT Corporation (NYSE: EQT) today announced a change in the location of its 2020 Annual Meeting of Shareholders (Annual Meeting) due to the public health threat of the COVID-19 (Coronavirus) pandemic. To safeguard the health and well-being of meeting participants, the meeting will be held in a virtual-only format, via webcast.
Even with the latest surge in stock prices, nearly all energy stocks are down by double-digit percentages for the year.
The company will free up an estimated $30 million in cash, and it's part of a number of actions the Pittsburgh-based driller has taken in recent weeks.
Investors need to pay close attention to EQT stock based on the movements in the options market lately.
EQT is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Moody's Investors Service, ("Moody's") downgraded EQM Midstream Partners, LP's (EQM) Corporate Family Rating (CFR) to Ba3 from Ba2, its Probability of Default Rating (PDR) to Ba3-PD from Ba2-PD and its unsecured notes rating to Ba3 from Ba2. This action follows the ratings downgrade of EQM's anchor shipper EQT Corporation (EQT) to Ba3 from Ba1 on April 2, 2020.
Moody's Investors Service, ("Moody's") downgraded EQT Corporation's (EQT) Corporate Family Rating (CFR) to Ba3 from Ba1, its Probability of Default Rating (PDR) to Ba3-PD from Ba1-PD and its unsecured notes rating to Ba3 from Ba1. The Speculative Grade Liquidity (SGL) rating SGL-2 is unchanged. "The capital markets dislocation caused by the commodity price collapse in the first quarter of 2020 has acutely elevated the refinancing risk for oil and gas producers, and specifically for pure-play natural gas producers such as EQT with high refinancing needs in the near-term," commented Sreedhar Kona, Moody's senior analyst.
EQT Corporation (NYSE: EQT) today announced financial and operational performance results for the first quarter 2020.