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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., May. 6, 8:24 PM

Slide #17. EQT Corporation Secondary Offering

Company: EQT Corporation (NYSE:EQT)
Date announced: 5/2/2016
Shares Offered: 10,500,000
Date of Pricing: 5/2/2016
Price Per Share: $67.00
Secondary Offering Details: EQT Corporation (NYSE:EQT) (the Company or EQT) announced today that it intends to commence a registered public offering of 9,500,000 shares of common stock, subject to market conditions. The Company also expects to grant the underwriters an option to purchase up to 1,425,000 additional shares of common stock. The Company intends to use net proceeds from this offering to fund the recently announced acquisition of certain properties from Statoil USA Onshore Properties, Inc., a subsidiary of Statoil ASA, other potential acquisitions and for general corporate purposes. -updated 5/2- EQT Corporation (NYSE:EQT) (the Company or EQT) announced today that it has priced a public offering of 10,500,000 shares of its common stock at a price to the public of $67.00 per share. The 10,500,000 share offering was upsized from the originally proposed 9,500,000 share offering. The Company has also granted the underwriters an option to purchase up to 1,575,000 additional shares of its common stock. The Company intends to use net proceeds from this offering to fund the recently announced acquisition of certain properties from Statoil USA Onshore Properties, Inc., a subsidiary of Statoil ASA, other potential acquisitions and for general corporate purposes.

EQT conducts two business segments. The EQT Production segment includes Co.'s exploration for, and development and production of, natural gas, natural gas liquids (NGLs) and crude oil in the Appalachian Basin. The EQT Midstream segment's operations include the natural gas gathering, transportation, storage and marketing activities of Co., including ownership and operation of EQT Midstream Partners, LP. Co.'s produced natural gas is sold to marketers, utilities and industrial customers in the Appalachian Basin and the Northeastern U.S. as well as the Permian Basin of Texas. At Dec 31 2014, Co. had total proved reserves of 10.74 trillion cubic feet of natural gas, NGLs and crude oil.

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Company Name:  EQT Corp.
Website:  www.eqt.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding EQT:  71
Total Market Value Held by ETFs:  $571.01M
Total Market Capitalization:  $10.95B
% of Market Cap. Held by ETFs:  5.21%
 

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May 6, 2016    8:24 PM Eastern
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Buy (3.07 out of 4)
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