EQT Corporation

EQT is an energy company that produces natural gas, natural gas liquids (NGLs), and crude oil. EQT Corporation is an integrated energy company with an emphasis on Appalachian area natural gas production, gathering, and transmission. EQT is the general partner and significant equity owner of EQT Midstream Partners, LP. 

The primary operating areas are located in Pennsylvania, West Virginia, Kentucky, Virginia, and Ohio. In 2014, the operations expanded into Texas. With more than 125 years of experience, EQT continues to be a leader in the use of advanced horizontal drilling technology – designed to minimize the potential impact of drilling-related activities and reduce the overall environmental footprint. 

Through safe and responsible operations, the Company is committed to meeting the country’s growing demand for clean-burning energy, while continuing to provide a rewarding workplace and enrich the communities where its employees live and work. Company shares are traded on the New York Stock Exchange as EQT. Company shares are traded on the New York Stock Exchange as EQT.

1888: Equitable Gas Company was incorporated as a subsidiary of the Philadelphia Company.

1916: Over the course of Sweden’s modern history, the Wallenberg family has been the main influencer of the country’s industrial, entrepreneurial and banking sphere, partly through its investment company Investor AB, founded that year.

1950: The company separated from the Philadelphia Company and was listed on the New York Stock Exchange.

1984: The company changed its corporate name to Equitable Resources, Inc.

1993: The idea of starting a private equity firm, rooted in the Wallenberg family’s traditions of responsible ownership, was born that year during a dinner in Stockholm’s Old Town.

1995: The company offered the first fixed-bill energy contract in the United States where what a customer pays for energy is fixed no matter what the weather does.

1997: The company also acquired offshore oil and gas fields from Chevron Corporation for $80.6 million.

1999: Over the coming years, EQT continued to grow its presence in the Nordics and with a strong track record of successful investments, EQT made its first major international move with the opening of its Munich office, despite many critics encouraging EQT to stay on its home turf.

2000: The company acquired Appalachian wells and reserves from Statoil.

2006: The time had come to head East, and EQT’s Hong Kong office was opened.

2008: The year when EQT opened its New York office and published its first Annual Review with the goal of increasing transparency towards broader groups of stakeholders. After establishing a comprehensive advisory network within various infrastructure sub-sectors, EQT was confident that its proven business model could provide a different approach to infrastructure investing than what was available in the market at the time. Therefore, the decision was made to formally launch an Infrastructure business line, initially led by former members of EQT’s advisory network.

2009: In February, the company changed its name from Equitable Resources, Inc. to EQT Corporation.

2010: This was the year when EQT accelerated its sustainability actions and became a signatory to the UN Principles for Responsible Investment (UN PRI). It was also around this time EQT established its sector teams, which enabled a more sophisticated deal-sourcing process for EQT’s prioritized industries.

2011: EQT opened one of the first compressed natural gas (CNG) fueling stations in the Strip District of Pittsburgh. David L. Porges became the chief executive officer of the company.

2012: In an effort to increase transparency and facilitate regulatory consistency at all levels of the organization, EQT resolved to manage all its future funds onshore in Europe.

2013: Over time, Partners at EQT increased their ownership, they owned 81 percent of EQT AB with Investor AB owning the remaining 19 percent. As EQT continued to grow, additional efforts were made to attract, develop and retain the best possible talent and, EQT Academy was established. The company sold its natural gas distribution business to Peoples Natural Gas for $740 million.

2014: There was a change of the guard at EQT as Thomas von Koch was appointed CEO and Conni Jonsson entered the role of full-time working Chairperson.

2017: In March, Steven Schlotterbeck became the chief executive officer of the company. In November, the company acquired Rice Energy. EQT took the next step in future-proofing its fund management by establishing one hub in Luxembourg for future fund domiciliation.

2018: In December, the firm's shareholders decided on a reorganization with the main purpose of establishing EQT AB as the ultimate parent company in the EQT AB Group and aligning the ownership interests in the company.

2019: In July, Toby Rice became the chief executive officer of the company.

To become the operator of choice for all stakeholders. Evolve EQT into a modern, connected, digitally-enabled organization that has vision and purpose.

To be the most reputable investor and owner. With the best talent and network around the world, EQT uses a thematic investment strategy and distinctive value creation approach to future-proof companies, creating superior returns for EQT's investors and making a positive impact with everything we do.