EQT Corp. (EQT) Tops Q3 EPS by 15c; Announces CEO Succession

Q3 2016 Results Announced for EQT Midstream Partners and EQT GP Holdings

PITTSBURGH--(BUSINESS WIRE)-- EQT Midstream Partners, LP (NYSE: EQM) today announced third quarter 2016 results, including net income of $126.6 million, adjusted EBITDA of $136.0 million, net cash provided by operating activities of $101.7 million, and distributable cash flow of $125.7 million. EQM operating income was $121.4 million and adjusted operating income was $120.7 million, each 18% higher than the same quarter last year. The Non-GAAP Disclosures section of this news release provides reconciliations of non-GAAP financial measures to their most comparable GAAP financial measure as well as important disclosures regarding projected adjusted EBITDA and projected distributable cash flow.

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EQT Reports Third Quarter 2016 Earnings

Volume growth continues; 2016 drilling plan on-track

PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT) today announced third quarter 2016 net loss attributable to EQT of $8.0 million, or $0.05 loss per diluted share (EPS), compared to third quarter 2015 net income attributable to EQT of $40.8 million, or $0.27 per diluted share. Net cash provided by operating activities was $274.3 million, $30.1 million higher than the third quarter 2015.

Adjusted net loss attributable to EQT was $44.2 million for the quarter, due to a decrease in natural gas prices, compared to an adjusted net loss attributable to EQT of $30.4 million in... More

EQT Names President Steven Schlotterbeck to Succeed David Porges as CEO in 2017

Porges to Retire as CEO, Remain Chairman of EQTs Board of Directors

PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT), today, announced that Steven T. Schlotterbeck, EQTs current President, will succeed David L. Porges as Chief Executive Officer when Porges retires from that position in the first quarter of 2017, following the filing of the Companys 10-K. Porges will remain as Chairman of EQTs Board of Directors for one year following his retirement as CEO.

A similar leadership transition will also occur for EQT Midstream Partners, LP... More

EQT Names President Steven Schlotterbeck to Succeed David Porges as CEO in 2017

Porges to Retire as CEO, Remain Chairman of EQTs Board of Directors

PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT), today, announced that Steven T. Schlotterbeck, EQTs current President, will succeed David L. Porges as Chief Executive Officer when Porges retires from that position in the first quarter of 2017, following the filing of the Companys 10-K. Porges will remain as Chairman of EQTs Board of Directors for one year following his retirement as CEO.

A similar leadership transition will also occur for EQT Midstream Partners, LP... More