Cboe Global Markets : EQT Highlights 'Strong Shareholder Support' For Co.'s Board Nominees

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EQT Highlights 'Strong Shareholder Support' For Co.'s Board Nominees

Benzinga Newsdesk 6/25/2019 3:32:16 PM

EQT Corporation (NYSE:EQT) today issued the following statement highlighting the strong support it has received from shareholders in advance of the Company's 2019 Annual Meeting of Shareholders:

Over the past several weeks, members of EQT's Board of Directors and management team have been meeting with EQT shareholders regarding the Company's strategic plan, strong operating results and success in transforming EQT into a free cash flow leader. These meetings have served as a valuable opportunity to listen to shareholders' perspectives and discuss in detail the Company's plans to drive sustainable value.

We are pleased with the positive feedback we have received from investors and believe they strongly support EQT's new strategic plan and recognize the progress made since the Company's refreshed Board and management team assumed control in November 2018. Shareholders have frequently commented on EQT's positive operational and financial performance over the last three quarters and requested more information about the innovative technologies EQT is using to improve operations and accelerate free cash flow growth.

As we have discussed with shareholders, the EQT management team has worked hard to foster a strong culture and positive morale to ensure employees across the Company are aligned with our mission and focused on delivering superior returns. Employees are embracing EQT's proprietary technologies, which are improving how we collaborate across the organization to accelerate our progress toward being the most efficient and lowest-cost operator in our industry. By deploying the right technologies, processes and systems, EQT is leveraging data science and real-time, cloud-based analytics to optimize our operations and maximize the value of our world-class assets.

The encouragement and support we have received from shareholders to date has reinforced our view that we are taking the right steps to advance the interests of all EQT shareholders. EQT has generated outstanding results over the last three quarters and remains committed to further reducing costs and improving efficiencies.

We look forward to continuing to engage with shareholders regarding our ongoing progress.

The EQT Board of Directors recommends that shareholders support EQT by voting on the GOLD universal proxy card 'FOR' all 12 of EQT's highly qualified director nominees. Shareholders should simply discard and NOT vote using any white proxy cards they may receive from the Toby Rice Group.