21 Aug 2014director interest notice● Neutral
EQT RE, LLC director Ngp Rice Holdings LLC sold 3,114,825 shares at $26.28.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Aug 2014substantial holder notice● Neutral
Rice Energy Holdings LLC, Rice Energy Family Holdings, LP, Rice Energy Management LLC, NGP Rice Holdings LLC, NGP Natural Resources X, L.P, NGP X Parallel Holdings, L.P, G.F.W. Energy X, L.P, GFW X, L.L.C, Natural Gas Partners IX, L.P, NGP IX Offshore Holdings, L.P, G.F.W. ENERGY IX, L.P, GFW IX, L.L.C, NGP Energy Capital Management, L.L.C reported a EQT RE, LLC shareholding of 67,047,633 shares (49.20% of votes) in a periodic institutional filing.
19 Aug 2014material agreement▲ GoodMajor
The company closed a public offering on August 19, 2014 at $27.30 per share. It sold 7,500,000 new shares for net proceeds of about $196.3 million to fund part of its 2014 capital budget, which dilutes existing holders. NGP Rice Holdings, Foundation PA Coal and other selling stockholders (affiliates of Natural Gas Partners and Alpha Natural Resources) sold 6,229,650 shares, including the full overallotment option, with no proceeds going to the company. This follows the January 2014 IPO at $21.00.
15 Aug 2014securities registration● Neutral
EQT RE, LLC filed the final prospectus for a registered offering.
13 Aug 2014securities registration● Neutral
EQT RE, LLC registered additional securities for an offering already underway.
11 Aug 2014quarterly activities report▼ Bad
EQT RE, LLC reported a quarterly net loss of $7.9 million for the period ended 2014-06-30.
11 Aug 2014quarterly activities report▼ Bad
EQT RE, LLC reported a quarterly net loss of $7.9 million for the period ended 2014-06-30.
11 Aug 2014securities registration● Neutral
EQT RE, LLC amended a filing by which it registered a securities offering with the SEC.
7 Aug 2014asset acquisition disposition▲ GoodMajor
On August 1, 2014 the company's subsidiary Rice Drilling B bought about 22,000 net acres and 12 developed Marcellus wells in western Greene County, Pennsylvania from Chesapeake Appalachia and Statoil USA Onshore Properties for about $329 million in cash on hand, effective February 1, 2014 and subject to post-closing adjustments. Financial statements and pro forma figures for the acquired business are to be filed later.
7 July 2014securities registration● Neutral
EQT RE, LLC registered a securities offering with the SEC.
17 June 2014substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial EQT RE, LLC shareholding (5.50% of votes).
19 May 2014substantial holder notice● Neutral
Citadel Advisors LLC, Citadel Advisors Holdings II LP, Citadel GP LLC, Kenneth Griffin disclosed a new substantial EQT RE, LLC shareholding (4.90% of votes).
14 May 2014quarterly activities report● Neutral
EQT RE, LLC reported a quarterly net income of $129.5 million for the period ended 2014-03-31.
13 May 2014quarterly activities report● Neutral
EQT RE, LLC reported a quarterly net income of $129.5 million for the period ended 2014-03-31.
12 May 2014director interest notice● Neutral
EQT RE, LLC Chief Executive Officer Daniel J. Rice IV received a stock option grant for 13,770 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC director James W Christmas received a stock option grant for 7,456 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC officer Derek A. Rice received a stock option grant for 13,770 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC director Kevin S Crutchfield received a stock option grant for 7,236 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC officer Grayson T. Lisenby received a stock option grant for 13,770 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC officer James Wilmot Rogers received a stock option grant for 12,049 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC officer Toby Z. Rice received a stock option grant for 13,770 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC officer William E. Jordan received a stock option grant for 12,565 shares.
12 May 2014director interest notice● Neutral
EQT RE, LLC director Robert F Vagt received a stock option grant for 10,964 shares.
29 Apr 2014debt financing● NeutralMajor
The $900 million of 6.250% senior notes due May 1, 2022 closed on April 25, 2014. They are guaranteed by nine subsidiaries and carry covenants limiting extra debt, dividends, asset sales and similar actions, with interest due each May 1 and November 1 starting November 1, 2014. The company also agreed to register an exchange of the notes for registered ones within about 365 days. This completes the notes offering that was pending.
21 Apr 2014debt financing▲ GoodMajor
The company priced its private sale of $900 million of 6.250% senior unsecured notes due 2022 at par on April 16, 2014, upsized from the $750 million planned earlier, with net proceeds of about $882.7 million. The money is to repay and retire the second lien term loan and for general purposes including capital spending. It also completed the ~$110 million cash purchase of M3 Appalachia Gathering's gas gathering assets in Washington and Greene Counties, Pennsylvania on April 17, 2014, paid from cash on hand (subject to post-closing adjustments).
11 Apr 2014debt financing● NeutralMajor
On April 10, 2014 the company signed a Third Amended and Restated Credit Agreement with Wells Fargo: the company becomes the borrower, the maturity extends to January 29, 2019 from April 25, 2018, and the borrowing base stays at $350.0 million for now. It announced plans for a $750 million private placement of senior unsecured notes due 2022, to repay its second lien term loan and for general corporate purposes. It also gave preliminary first-quarter 2014 figures (205-210 MMcfe/d net production, $89-91 million revenue, unreviewed by auditors) and warned of a material non-cash charge from modified incentive units.
14 Feb 2014material agreement▲ GoodMajor
On February 12, 2014 the company agreed to buy gas gathering assets in Washington and Greene Counties, Pennsylvania from M3 Appalachia Gathering LLC for about $110 million in cash, expected to close in March 2014. The assets are a 28-mile northern system backed by long-term contracts covering about 20,000 acres, plus permits and rights of way for an 18-mile southern line to the Texas Eastern pipeline. It plans to pay from cash on hand or its revolving credit facility.
12 Feb 2014securities registration● Neutral
EQT RE, LLC filed the final prospectus for a registered offering.
11 Feb 2014substantial holder notice● Neutral
Rice Energy Holdings LLC, Rice Energy Family Holdings, LP, Rice Energy Management LLC, NGP Rice Holdings LLC, NGP Natural Resources X, L.P, NGP X Parallel Holdings, L.P, G.F.W. Energy X, L.P, GFW X, L.L.C, Natural Gas Partners IX, L.P, NGP IX Offshore Holdings, L.P, G.F.W. ENERGY IX, L.P, GFW IX, L.L.C, NGP Energy Capital Management, L.L.C disclosed a new substantial EQT RE, LLC shareholding (57.46% of votes).
10 Feb 2014substantial holder notice● Neutral
Alpha Natural Resources, Inc disclosed a new substantial EQT RE, LLC shareholding (57.46% of votes).