News Release Details

Equitable Resources Declares Quarterly Cash Dividend and Announces Earnings Conference Call

07/09/2008

The Board of Directors of Equitable Resources, Inc. (NYSE: EQT) today declared a regular quarterly cash dividend of 22 cents per share payable September 1, 2008, to shareholders of record on August 8, 2008.

The Company will host a conference call with security analysts on August 1, 2008, beginning at 10:30 a.m. Eastern Time. The topic of the conference call will be financial results for the second quarter 2008, which will be released before the NYSE opening that morning. A review of these results will be followed by a Q&A session for security analysts.

Equitable's conference call with security analysts will be broadcast live via Equitable's website, http://www.eqt.com and will be available for seven days.

Equitable Resources is a natural gas-focused energy company, with an emphasis on Appalachian area natural gas activities, including production, gathering, processing, transmission, storage and distribution. For information please visit http://www.eqt.com.