EQT Corp. (EQT) Tops Q4 EPS by 7c

2015 Results Announced for EQT Midstream Partners and EQT GP Holdings

PITTSBURGH--(BUSINESS WIRE)-- EQT Midstream Partners, LP (NYSE: EQM) today announced full-year and fourth quarter 2015 financial and operating results. For the year, EQT Midstream Partners, LP (EQM) net income totaled $393.5 million, while adjusted EBITDA was $449.0 million and distributable cash flow was $406.5 million. For the fourth quarter, EQM net income totaled $112.7 million, while adjusted EBITDA was $128.6 million and distributable cash flow was $111.9 million. Adjusted operating income for the fourth quarter was $117.0 million, or 24% higher than the same quarter last year. The non-GAAP financial measures are reconciled in the Non-GAAP Disclosures section of this news release.... More

EQT Announces 2015 Proved Reserves of 10.0 Tcfe

2015 activity drives 30% increase in proved developed reserves

PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT) today reported year-end 2015 proved developed reserves of 6.3 Tcfe, which was 30% higher than 2014; and total proved reserves of 10.0 Tcfe, a 0.7 Tcfe decrease from the previous year. In 2015, the increase in proved developed reserves was related to the completion of 245 wells and the addition of 386 Bcfe of positive revisions, which was primarily due to improved performance from producing wells.

The Company's 2015 proved undeveloped (PUD) reserves totaled 3.7 Tcfe, a 2.2 Tcfe decrease from the previous year. This decrease resulted from... More