EQT Corporation Announces Pricing of Upsized Common Stock Offering

Monday, May 2, 2016 8:20 pm EDT

Dateline:

PITTSBURGH

Public Company Information:

NYSE:
EQT

PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE:EQT) (the Company or EQT) announced today that it has priced a public offering of 10,500,000 shares of its common stock at a price to the public of $67.00 per share. The 10,500,000 share offering was upsized from the originally proposed 9,500,000 share offering. The Company has also granted the underwriters an option to purchase up to 1,575,000 additional shares of its common stock. The Company intends to use net proceeds from this offering to fund the recently announced acquisition of certain properties from Statoil USA Onshore Properties, Inc., a subsidiary of Statoil ASA, other potential acquisitions and for general corporate purposes.

Credit Suisse and J.P. Morgan are acting as book-running managers for the offering. The offering will be made only by means of a prospectus supplement and the accompanying base prospectus, copies of which may be obtained on the Securities and Exchange Commission's website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus supplement and related base prospectus if you request them by contacting: Credit Suisse Securities (USA) LLC, Eleven Madison Avenue, New York, NY 10010, by calling 1-800-221-1037, or by emailing newyork.prospectus@credit-suisse.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by calling 866-803-9204, or by emailing prospectus-eq_fi@jpmchase.com.

This news release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall there be any sale of any such 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. A registration statement relating to the securities has been filed and became effective October 17, 2013.

About EQT Corporation:

EQT Corporation is an integrated energy company with emphasis on Appalachian area natural gas production, gathering, and transmission. With more than 125 years of experience, EQT continues to be a leader in the use of advanced horizontal drilling technology – designed to minimize the potential impact of drilling-related activities and reduce the overall environmental footprint. Through safe and responsible operations, the Company is committed to meeting the country’s growing demand for clean-burning energy, while continuing to provide a rewarding workplace and enrich the communities where its employees live and work. EQT also owns a 90% limited partner interest in EQT GP Holdings, LP. EQT GP Holdings, LP owns the general partner interest, all of the incentive distribution rights, and a portion of the limited partner interests in EQT Midstream Partners, LP.

Cautionary Statements

Disclosures in this news release 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 in this news release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of the Company and its subsidiaries, including guidance regarding, among other things, financing plans (including number of shares to be sold in the offering) and the Company’s expected use of proceeds from the offering. The forward-looking statements included in this news release 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, many of which are difficult to predict and 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" in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 and in other reports by the Company on file with the Securities and Exchange Commission. 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.

Contact:

EQT Analyst Inquiries:
Patrick Kane, 412-553-7833
Chief Investor Relations Officer
pkane@eqt.com
or
EQT Midstream Partners / EQT GP Holdings Analyst Inquiries::
Nate Tetlow, 412-553-5834
Investor Relations Director
ntetlow@eqt.com
or
Media Inquiries:
Natalie Cox, 412-395-3941
Corporate Director, Communications
ncox@eqt.com