EQT Corporation Announces Pricing of Common Stock Offering

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Mar 10, 2010, 06:42 ET

PITTSBURGH, March 10 /PRNewswire-FirstCall/ -- 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 [email protected]; 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 [email protected]. 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.