01—Abstract
Summary
Summary of the 10-K/A filed March 30, 1999. Cited figures are marked; the original filing is the authoritative source.
This filing is Amendment No. 1 to the Form 10-K of Equitable Resources, Inc. (NYSE: EQT) for the fiscal year ended December 31, 1998, dated March 30, 1999.
It was filed only to correct the facing page of the electronic version, which had omitted the end of a sentence on shares outstanding. The corrected sentence reports 33,900,977 shares held by non-affiliates and 35,621,266 shares total as of February 28, 1999. The excerpt does not include the business description, financial statements, MD&A, or risk factors, so it provides no revenue, earnings, cash flow, or balance sheet data.
The facing page does show an aggregate market value of voting stock held by non-affiliates of $877,187,780a as of February 28, 1999. Based on the non-affiliate share count, that implies a per-share value of roughly $25.87, though this is an approximation and not a reported price. The registrant lists common stock, debentures due July 1, 1999, preferred stock purchase rights, and 7.35% Capital Securities due 2038 on the NYSE, with common stock and rights also listed on the Philadelphia Stock Exchange.
Part III items are incorporated by reference from the proxy statement for the May 26, 1999 annual meeting. Investors should review the original 10-K and its financial statements for operating and financial performance. This amendment mainly confirms the share count and equity market value presentation.
02—Key points
Key Highlights
- Filing type: Amendment No. 1 (Form 10-K/A) for fiscal year ended December 31, 1998, dated March 30, 1999; the amendment only corrects the electronic facing page.
- Shares outstanding as of February 28, 1999: 35,621,266 total common shares, of which 33,900,977 were held by non-affiliates.
- Aggregate market value of voting stock held by non-affiliates as of February 28, 1999: $877,187,780, implying roughly $25.87 per non-affiliate share (approximate, derived figure).
- Securities registered on the NYSE include common stock, 7 1/2% debentures due July 1, 1999, preferred stock purchase rights, and 7.35% Capital Securities due April 15, 2038.
- Common stock and preferred stock purchase rights are also listed on the Philadelphia Stock Exchange.
- Part III (Items 10 in part, 11, 12 and 13) is incorporated by reference from the proxy statement for the May 26, 1999 annual meeting.
- The excerpt contains no financial statements, revenue, earnings, or balance sheet figures, so financial performance cannot be assessed from this document.
03—Questions
Frequently Asked Questions
Why was this 10-K/A filed?
The electronic version of the facing page inadvertently omitted the end of a sentence about shares outstanding. The printed version was correct, and the amendment conforms the electronic version to it.
How many shares of Equitable Resources were outstanding?
As of February 28, 1999, there were 35,621,266 total shares outstanding, of which 33,900,977 were held by non-affiliates.
What was the market value of shares held by non-affiliates?
The aggregate market value of voting stock held by non-affiliates as of February 28, 1999 was $877,187,780. This is a reported figure, not a per-share price.
Does this filing show the company's financial results?
No. The excerpt contains only the cover page, exchange listings, and signature. Revenue, net income, cash flow, and balance sheet data would be in the complete original 10-K, which is not included here.
Where can investors find executive compensation and governance details?
Those items are incorporated by reference from the proxy statement for the Annual Meeting of Stockholders on May 26, 1999, rather than included in this report.
04—Continue