31 May 2019debt financing● Neutral
EQT took out a new $1.0 billion unsecured term loan and immediately drew it in full to repay $700 million of maturing 8.125% notes and pay down its revolving credit facility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 Nov 2018asset acquisition disposition● NeutralMajor
EQT formalized its spin-off of Equitrans Midstream, signing separation, tax-matters, employee-matters and registration-rights agreements and terminating the legacy 2012 Omnibus Agreement -- the split whose two halves EQT would fully reunite via all-stock merger nearly six years later.
6 Nov 2018dividend declaration● Neutral
EQT set new record and payment dates for its already-declared $0.03/share quarterly dividend.
23 July 2018business combination● NeutralMajor
EQT's midstream subsidiary EQM Midstream Partners completed its acquisition of fellow EQT subsidiary Rice Midstream Partners, converting each Rice unit into 0.3319 EQM units and folding Rice's gathering assets into EQM - an internal consolidation of EQT's own midstream structure.