EQT Corporation (NYSE: EQT) today announced that it has priced a public
offering of 12,500,000 shares of its common stock at $44.00. The company
has also granted the underwriters a 30-day option to purchase a maximum
of 1,875,000 additional shares of its common stock. EQT expects the
issuance and delivery of the shares to occur on March 16, 2010, subject
to customary closing conditions. The offering is being made pursuant to
an effective registration statement filed with the Securities and
Exchange Commission.
J.P. Morgan, Barclays Capital, Credit Suisse and Deutsche Bank
Securities are acting as joint book-running managers for the offering.
The offering is being made only by means of a prospectus and related
prospectus supplement, copies of which, when available, may be obtained
by mail from the offices of J.P. Morgan Securities Inc., c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
Telephone: 1-866-803-9204; by mail from the offices of Barclays Capital
Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island
Ave., Edgewood, New York 11717, Telephone (888) 603-5847 or by e-mail at barclaysprospectus@broadridge.com;
by mail from the offices of Credit Suisse Securities (USA) LLC, Attn:
Prospectus Department, One Madison Avenue, New York, New York 10010 or
by telephone to (800) 221-1037; or by mail from the offices of Deutsche
Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey
City, New Jersey, 07311, by telephone at (800) 503-4611 or by email to prospectusrequest@list.db.com.
An electronic copy of the prospectus will be available on the website of
the Securities and Exchange Commission at www.sec.gov.
Cautionary Statements
Disclosures in this press release contain certain forward-looking
statements. 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 in this press
release include the expectations of plans and objectives , including
guidance regarding the Company's financing plans (including number of
shares to be sold in this offering and the timing of the closing of the
offering). These 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. The
Company has based these forward-looking statements on current
expectations and assumptions about future events. While the Company
considers these expectations and assumptions to be reasonable, they are
inherently subject to significant business, economic, competitive,
regulatory and other risks and uncertainties, most of which are
difficult to predict and many of which are beyond the Company's control.
The risks and uncertainties that may affect the operations, performance
and results of the Company's business and forward-looking statements
include, but are not limited to, those set forth under Item 1A, "Risk
Factors" of the Company's Form 10-K for the year ended December 31,
2009, 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
the Company does not intend to correct or update any forward-looking
statement, whether as a result of new information, future events or
otherwise.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or country in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any state or country.
EQT Corporation is an integrated energy company with emphasis on
Appalachian area natural gas production, gathering, processing,
transmission and distribution. Additional information about the company
can be obtained through the company's web site, http://www.eqt.com;
Investor information is available on that site at http://ir.eqt.com.
EQT Corporation uses its web site as a channel of distribution of
important information about the company, and routinely posts financial
and other important information regarding the company and its financial
condition and operations on the Investors web pages.
