EQT Corporation (NYSE: EQT) conducts its business through three business segments: EQT Production, EQT Midstream and Distribution. EQT Production is one of the largest natural gas producers in the Appalachian Basin with 6.0 Tcfe of proved natural gas and crude oil reserves across approximately 3.5 million gross acres, including approximately 540,000 gross acres in the Marcellus play, as of December 31, 2012. EQT Midstream provides gathering, transmission and storage services for the Company’s produced gas, as well as for independent third parties across the Appalachian Basin. The Distribution segment distributes and sells natural gas to residential, commercial and industrial customers through the Company's regulated distribution subsidiary, Equitable Gas Company, LLC (Equitable Gas). As a local distribution company, Equitable Gas has customers in southwestern Pennsylvania, West Virginia and eastern Kentucky. Equitable Gas also operates a small gathering system in Pennsylvania, and provides off-system sales activities that include the purchase and delivery of natural gas.
Apr 25, 2013
EQT Reports First Quarter 2013 Earnings