Last €74.56 EUR
Change Today +0.76 / 1.03%
Volume 0.0
EQ6 On Other Exchanges
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As of 2:15 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

eqt corp (EQ6) Snapshot

Open
€74.45
Previous Close
€73.80
Day High
€74.56
Day Low
€74.45
52 Week High
04/10/14 - €75.51
52 Week Low
04/16/13 - €49.75
Market Cap
11.3B
Average Volume 10 Days
27.0
EPS TTM
--
Shares Outstanding
151.9M
EX-Date
02/12/14
P/E TM
--
Dividend
€0.12
Dividend Yield
0.12%
Current Stock Chart for EQT CORP (EQ6)

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eqt corp (EQ6) Details

EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. The EQT Production segment explores for, as well as develops and produces natural gas, natural gas liquids (NGLs), and crude oil in the Appalachian Basin. As of December 31, 2013, it had 8.3 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 3.6 million gross acres, including approximately 580,000 gross acres in the Marcellus play. The EQT Midstream segment provides natural gas gathering, transmission, and storage services for the company’s produced gas, as well as for independent third parties in the Appalachian Basin. This segment owns and operates approximately 9,450 miles of gathering lines and 218 compressor stations. EQT Corporation was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

1,621 Employees
Last Reported Date: 02/20/14
Founded in 1925

eqt corp (EQ6) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $882.7K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $415.4K
Senior Vice President and President of Midstr...
Total Annual Compensation: $459.0K
Executive Vice President and President of Exp...
Total Annual Compensation: $459.0K
Vice President of External Affairs and Genera...
Total Annual Compensation: $358.3K
Compensation as of Fiscal Year 2013.

eqt corp (EQ6) Key Developments

EQT Corporation Enters into an Unsecured $1,500,000,000 Amended and Restated Revolving Credit Agreement

On February 18, 2014, EQT Corporation entered into an unsecured $1,500,000,000 Amended and Restated Revolving Credit Agreement, among the Company, PNC Bank, National Association, as Administrative Agent, Swing Line Lender and an L/C Issuer, Wells Fargo Bank, National Association, The Bank of Tokyo-Mitsubishi UFJ Ltd., Bank of America, N.A., Barclays Bank PLC, Citibank, N.A., JPMorgan Chase Bank, N.A. and SunTrust Bank, as Syndication Agents, and the other Lender parties thereto. The Revolving Credit Agreement replaced the existing $1,500,000,000 Revolving Credit Agreement dated as of December 8, 2010, as amended, among the Company, PNC Bank, National Association, as Administrative Agent, Swing Line Lender and an L/C Issuer, and the other lender and agents parties thereto, which agreement was scheduled to expire on December 8, 2016 and was terminated simultaneously with the closing of the Revolving Credit Agreement. The terms and conditions of the Revolving Credit Agreement are substantially the same as the Prior Revolving Credit Agreement. The Revolving Credit Agreement has an expiration date of February 18, 2019, but the Company may request two one-year extensions of the Stated Maturity Date subject to satisfaction of certain conditions. Under the terms of the Revolving Credit Agreement, the Company can obtain loans, which are Base Rate Loans or Fixed Period Eurodollar Rate Loans. Base Rate Loans are denominated in dollars and bear interest at a base rate plus a margin determined on the basis of the Company's then current credit rating. Fixed Period Eurodollar Rate Loans bear interest at a Eurodollar Rate plus a margin determined on the basis of the Company's then current credit rating. The Company is obligated to repay the aggregate principal amount of any outstanding Base Rate or Eurodollar Rate Loans on the earlier of the Stated Maturity Date or the effective date of any other termination, cancellation or acceleration of the Lenders' commitments under the Revolving Credit Agreement. The Company may voluntarily prepay its borrowings, in whole or in part, without premium or penalty, but subject to reimbursement of funding losses with respect to prepayment of Eurodollar Rate Loans. The proceeds of the loans made under the Revolving Credit Agreement may be used by the Company for working capital, capital expenditures, share repurchases, and other lawful corporate purposes (including repayment of indebtedness). The Revolving Credit Agreement contains representations and warranties and various affirmative and negative covenants and events of default believed to be customary, including a restriction on the ability of the Company or its subsidiaries that are subject to the restrictions of the Revolving Credit Agreement to incur or permit liens on assets, the establishment of a maximum ratio of consolidated debt to total capital of the Company and its subsidiaries that are subject to the restrictions of the Revolving Credit Agreement such that consolidated debt shall at no time exceed 65% of total capital, a limitation on certain changes to the Company's business, and certain restrictions related to mergers or acquisitions.

EQT Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides CapEx Guidance for the Year 2014

EQT Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. The company reported operating revenue of $493,429,000, operating income of $181,081,000, income before income taxes of $151,693,000, income from continuing operations of $78,534,000, net income attributable to company of $115,205,000 or $0.75 per diluted share against operating revenue of $406,273,000, operating income of $126,505,000, income before income taxes of $66,029,000, income from continuing operations of $41,308,000, net income attributable to company of $48,041,000 or $0.32 per diluted share a year ago. Fourth quarter 2013 adjusted earnings were $72.5 million, 11% higher than 2012; and adjusted EPS was $0.47, up from $0.43 in 2012. Higher operating revenue was due to an increase in production, gathering, and transmission volumes, was partially offset by lower commodity prices, higher costs related to increased volumes, and lower earnings from the Distribution segment that was sold in mid-December 2013. Adjusted operating cash flow was $336.0 million in 2013, versus $298.9 million in 2012; and CFPS was $2.20 versus $1.98 last year. Capital expenditures were $445,791,000 compared to $287,941,000 a year ago. Income from continuing operations was $0.40 per diluted share compared to $0.22 per basic and diluted share a year ago. For the year, the company reported operating revenue of $1,862,011,000, operating income of $654,604,000, income before income taxes of $521,158,000, income from continuing operations of $345,972,000, net income attributable to company of $390,572,000 or $2.57 per diluted share against operating revenue of $1,377,222,000, operating income of $389,629,000, income before income taxes of $220,379,000, income from continuing operations of $148,918,000, net income attributable to company of $183,395,000 or $1.22 per diluted share a year ago. Adjusted operating income was $749.5 million, 53% higher than 2012. Operating revenue increased 35% to $1,862.0 million in 2013. The company invested $1,833.5 million in capital projects during 2013. Adjusted operating cash flow was $1.25 billion in 2013 was also up considerably. It was 43% higher than last year. Adjusted cash flow per share (CFPS) was $8.26 in 2013, 42% higher than last year. Capital expenditures were $1,423,185,000 compared to $991,775,000 a year ago. Income from continuing operations was $1.97 per diluted share compared to $0.90 per diluted share a year ago. Adjusted net income excluding the items, was $352,400,000 in 2013, 66% higher than the $211,900,000 in 2012. Adjusted earnings per diluted share (EPS) was $2.32 in 2013, up 65% from 2012. For the year 2014, the company expects CapEx to be $2.4 billion.

EQT Corporation Presents at Oil & Gas Conference 2014, Mar-12-2014

EQT Corporation Presents at Oil & Gas Conference 2014, Mar-12-2014 . Venue: Mitsubishi UFJ Securities, 1633 Broadway 29th Floor, New York, NY 10019, United States. Speakers: Matthew Dalton, Business Specialist, Patrick John Kane, Chief Investor Relations Officer.

 

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Industry Analysis

EQ6

Industry Average

Valuation EQ6 Industry Range
Price/Earnings 52.3x
Price/Sales 8.3x
Price/Book 3.8x
Price/Cash Flow 15.0x
TEV/Sales 6.2x
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