Advisory to Users

  • The Securities and Exchange Commission (SEC) permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that a company anticipates as of a given date to be economically and legally producible and deliverable by application of development projects to known accumulations. We use certain terms on this website, such as “EUR” (estimated ultimate recovery) and total resource potential, that the SEC's rules strictly prohibit us from including in filings with the SEC. These measures are by their nature more speculative than estimates of reserves prepared in accordance with SEC definitions and guidelines and accordingly are less certain. We also note that the SEC strictly prohibits us from aggregating proved, probable and possible (3P) reserves in filings with the SEC due to the different levels of certainty associated with each reserve category.

    Disclosures on this website contain 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. Without limiting the generality of the foregoing, forward-looking statements contained on this website specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation and its subsidiaries (EQT), including guidance regarding EQT’s strategy to develop its reserves; drilling plans and programs (including the number, type, depth, lateral length or length-of-pay, and locations of wells to be drilled and the number and type of drilling rigs); projected natural gas prices, liquids price impact, basis, premium and average differential; total resource potential, reserves, EUR, expected decline curve, reserve replacement ratio, reserves to production ratio, and projected depletion rates; projected EQT and third party production sales volumes and growth rates (including liquids sales volumes and growth rates); internal rate of return (IRR), compound annual growth rate (CAGR) and expected after-tax returns per well; technology (including drilling and completion techniques); projected finding and development costs, drilling and completions (D&C) costs, G&A expenses, expense reductions and unit costs, other well costs and service cost inflation; projected frac stage lengths, proppant per foot and water per foot; projected market mix; projected gathering, transmission and water volumes and growth rates; infrastructure programs (including the timing, cost and capacity of expected gathering and transmission expansion projects); the cost, capacity, timing of regulatory approvals and anticipated in-service date of the Mountain Valley Pipeline (MVP) and MVP Southgate projects; the ultimate terms, partners and structure of the MVP joint venture; acquisition transactions; the impact and outcome of pending and future litigation; whether the separation of EQT’s production and midstream businesses (the Separation) will be completed and the timing and terms of the Separation; the projected capital efficiency savings and other operating efficiencies and synergies resulting from EQT’s acquisition of Rice Energy Inc. (Rice); EQT’s ability to achieve the anticipated synergies and efficiencies from its acquisition of Rice and various midstream streamlining transactions completed in anticipation of the Separation; monetization transactions, including asset sales, joint ventures or other transactions involving EQT’s assets,; the timing of EQT’s announcement of a decision to address its sum-of-the-parts discount, and the impact of the results of such review; dividend and distribution amounts and rates; projected return of capital; the projected cash flows resulting from EQT’s limited partner interests in EQT GP Holdings, LP (EQGP) and EQT Midstream Partners, LP (EQM) and related growth rates; projected cash flows, including the ability to fund the 2018 drilling program through cash from operations; projected adjusted operating cash flows attributable to EQT, adjusted operating cash flows attributable to EQT Production, net income attributable to noncontrolling interests, and pipeline, water and net marketing services revenue; projected capital contributions and capital expenditures; the amount and timing of any repurchases under EQT’s share repurchase authorization; liquidity and financing requirements, including funding sources and availability and EQM’s plan to increase its borrowing capacity to up to $2 billion; changes in EQT’s or EQM’s credit ratings; potential future impairments of EQT’s assets; hedging strategy; the effects of government regulation; and tax position and the expected impact of changes to tax laws. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. EQT has based these forward-looking statements on current expectations and assumptions about future events. While EQT considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond EQT’s control. The risks and uncertainties that may affect the operations, performance and results of EQT’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, “Risk Factors,” of EQT’s Form 10-K for the year ended December 31, 2017, as filed with the SEC and as updated by any subsequent Form 10-Qs. Any forward-looking statement speaks only as of the date on which such statement is made and EQT does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

    Information on this website regarding EQGP and its subsidiaries, including EQM, is derived from publicly available information published by the partnerships.

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