EQT Corporation Issues Statement Regarding Director Nominations - Seite 2

The Company has also established a strong new management team, including a new CEO, CFO, general counsel and head of investor relations. Following a comprehensive search initiated in December, on March 7^th, EQT announced the appointment of Gary Gould as executive vice president and chief operating officer, effective April 2019. Mr. Gould has more than three decades of relevant industry experience, including in unconventional oil and gas in the Marcellus, and a proven track record of driving operational efficiency to achieve superior results. Mr. Gould will work closely with the management team to further optimize operations and reduce costs. The refreshed leadership team is proceeding with a sense of urgency as it works to increase EQT’s free cash flow generation and further improve operational efficiency.

The EQT Board and management team will continue to take actions to enhance shareholder value and position EQT for growth and success.

The Corporate Governance Committee of EQT’s Board will review and consider Toby Rice’s director candidates and make a formal recommendation regarding director nominees in the Company’s definitive proxy statement and other materials to be filed with the U.S. Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2019 Annual Meeting of Shareholders.

As previously announced, the 2019 Annual Meeting of Shareholders will be held on Wednesday, July 10, and EQT will announce the Board’s recommended director nominees in the Notice of Annual Meeting, proxy statement and other materials, including a GOLD proxy card, to be filed with the U.S. Securities and Exchange Commission and mailed to all shareholders eligible to vote at the 2019 Annual Meeting of Shareholders.

Goldman Sachs & Co. LLC is serving as financial advisor to EQT and Wachtell, Lipton, Rosen & Katz is serving as legal counsel.

About EQT Corporation:

EQT Corporation is a natural gas production company with emphasis in the Appalachian Basin and operations throughout Pennsylvania, West Virginia and Ohio. With 130 years of experience and a long-standing history of good corporate citizenship, EQT is the largest producer of natural gas in the United States. As a leader in the use of advanced horizontal drilling technology, EQT is committed to minimizing the impact of drilling-related activities and reducing its overall environmental footprint. Through safe and responsible operations, EQT is helping to meet our nation’s demand for clean-burning energy, while continuing to provide a rewarding workplace and support for activities that enrich the communities where its employees live and work. Visit EQT Corporation at www.EQT.com; and to learn more about EQT’s sustainability efforts, please visit https://csr.eqt.com.