EQT Corporation Announces 2019 Annual Meeting Timing

EQT Corporation (NYSE: EQT) (“EQT” or “the Company”) today announced that its Board of Directors has determined to hold the Company’s 2019 Annual Shareholders Meeting on Wednesday, July 10, 2019, which is within 30 days of the anniversary of the Company’s 2018 Annual Meeting on June 21, 2018.

EQT’s bylaws, which are customary and in line with common corporate practices, enable shareholders to nominate or submit proposals between 90 and 120 days before the anniversary of last year’s Annual Shareholders Meeting. The Company believes its decision to hold its 2019 Annual Shareholders Meeting approximately 12 months after the 2018 Annual Shareholders Meeting provides shareholders with ample time to decide on any nominations or proposals and make an informed voting decision. To date, the Company has not received any director nominations or other proposals.

The Company issued the following statement:

As is customary, EQT’s 2019 Annual Meeting will be held approximately one year after the 2018 Annual Meeting. The meeting will also be approximately seven months after the appointment of four new independent directors and a new management team, including a new CEO, CFO, general counsel, executive vice president of production and head of investor relations.

EQT values and is responsive to shareholder feedback – as evidenced by the Company’s actions over the last several years and its transformative spinoff of Equitrans Midstream Corporation in November 2018. The Board carefully considered shareholder input in determining the appropriate time to hold the 2019 Annual Meeting.

The Company is successfully executing its strategic plan, and the scheduling of the Annual Meeting takes into account the operational work underway to deliver value to shareholders. EQT believes it is appropriate for shareholders to have adequate time to evaluate the Company's performance and progress when voting at the Annual Meeting.

The Board also considered that, today, EQT is stronger than ever, operating safely and efficiently, accelerating free cash flow growth and creating shareholder value. Most importantly, because of recent operational, organization, leadership and personnel changes, and new initiatives now underway, EQT’s prospects for both near-term and sustainable cash flow growth and value creation are very bright.

EQT is poised to outperform because the Company has undergone a cultural and strategic shift to focus on development optimization, operational efficiency and free cash flow generation. In December 2018, shortly after the separation transaction and appointment of the new leadership team, the EQT Board formed a new Operating and Capital Efficiency Committee, which is composed of four independent directors. The committee, alongside the new management team, has been engaged in an active review to optimize operations, and that important work is ongoing.