Parent Of Retail Supplier Accelerates Plan to Address "Sum-of-the-Parts" Discount

EQT Corporation announced that, immediately upon the closing of its acquisition of Rice Energy Inc, it will establish a Committee of the Board of Directors to evaluate options for addressing EQT’s sum-of-the-parts discount.

Based on the Committee’s recommendation, EQT’s Board will announce a decision by the end of the first quarter 2018.

"While we are excited about the value creation opportunities presented by the Rice transaction, addressing the sum-of-the-parts discount is a priority for the Board," said Stephen A. Thorington, who will lead the Committee. "The Committee will work to identify the optimum path to maximizing shareholder value."

Through its acquisition of Rice, EQT will acquire newly launched retail natural gas supplier (see story here) Rice Energy Marketing LLC

EQT is engaged in natural gas marketing through its EQT Energy subsidiary