PITTSBURGH, Sept. 28, 2021 /PRNewswire/ -- EQT
Corporation (NYSE: EQT) (the Company or EQT) today announced
the pricing of an underwritten public offering of 25,930,000 shares
of its common stock by certain shareholders at a price to the
public of $20.00 per share (the
Offering). Such selling shareholders, who had received the shares
as a part of the Company's acquisition of Alta Resources
Development, LLC's upstream and midstream subsidiaries, have
granted the underwriters a 30-day option to purchase up to an
additional 3,889,500 shares of the Company's common stock. EQT will
not sell any shares of its common stock in the Offering and will
not receive any proceeds from the sale of the shares being offered
by the selling shareholders. The Offering is expected to close on
October 1, 2021, subject to customary
closing conditions.
Barclays and J.P. Morgan are acting as joint book-running
managers for the Offering. The Offering is being made only by means
of a prospectus supplement and the accompanying base prospectus,
which was filed as part of an effective shelf registration
statement filed with the Securities and Exchange Commission (the
SEC) on Form S-3. Copies of the preliminary prospectus supplement
and accompanying base prospectus relating to the Offering, as well
as copies of the final prospectus supplement once available, may be
obtained on the SEC's website at www.sec.gov or from: Barclays, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by calling
888-603-5847, or by emailing Barclaysprospectus@broadridge.com, or
J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, by
calling (866) 803-9204, or by emailing
prospectus-eq_fi@jpmchase.com.
This news release shall not constitute an offer to sell, a
solicitation to buy or an offer to purchase or sell any securities,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Investor Contact:
Andrew
Breese
Director, Investor Relations
412.395.2555
ABreese@eqt.com
About EQT Corporation
EQT Corporation is a leading
independent natural gas production company with operations focused
in the cores of the Marcellus and Utica Shales in the Appalachian
Basin. We are dedicated to responsibly developing our world-class
asset base and being the operator of choice for our stakeholders.
By leveraging a culture that prioritizes operational efficiency,
technology and sustainability, we seek to continuously improve the
way we produce environmentally responsible, reliable and low-cost
energy. We have a longstanding commitment to the safety of our
employees, contractors, and communities, and to the reduction of
our overall environmental footprint. Our values are evident in the
way we operate and in how we interact each day – trust, teamwork,
heart, and evolution are at the center of all we do.
Cautionary Statements
This news release contains
certain forward-looking statements within the meaning of Section
21E of the Securities Exchange Act of 1934, as amended, and Section
27A of the Securities Act of 1933, as amended. Statements that do
not relate strictly to historical or current facts are
forward-looking. Statements regarding the Offering, including the
expected closing, are forward-looking statements and are subject to
known and unknown risks and uncertainties that may cause actual
results to differ materially from those expressed in such
forward-looking statements. These risks and uncertainties include,
but are not limited to, the ability to complete the Offering and
general market conditions that might affect the Offering. Other
risks relating to the Company are described under Item 1A, "Risk
Factors," and elsewhere in the Company's Annual Report on Form 10-K
for the year ended December 31, 2020
and other documents the Company files from time to time with the
SEC. In addition, the Company may be subject to currently
unforeseen risks that may have a materially adverse impact on it.
Any forward-looking statement speaks only as of the date on which
such statement is made, and the Company does not intend to correct
or update any forward-looking statement, whether as a result of new
information, future events or otherwise, except as required by
law.
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SOURCE EQT Corporation (EQT-IR)