10-Q/APeriod: Q1 FY2016

EQT Corp Quarterly Report (Amendment) for Q1 Ended Mar 31, 2016

Filed May 9, 2016For Securities:EQT

Summary

EQT Corporation filed an amendment to its Form 10-Q for the quarterly period ended March 31, 2016. This amendment (10-Q/A) primarily addresses a processing error related to the Section 1350 Certification of its Principal Executive Officer and Principal Financial Officer, correcting an incorrect date and officer title in the original filing. The company reassures investors that this amendment does not alter the substantive disclosures made in the original Form 10-Q filed on April 28, 2016. Investors should note that all financial and operational information remains as originally reported in the April 28th filing. The focus of this amendment is purely administrative, ensuring the accuracy of certifications related to the financial statements. Therefore, forward-looking statements and operational insights from the original filing should still be considered in their historical context as of the original filing date.

Financial Highlights

45 data points
Beta

Net Income

$5.64M

EPS (Diluted)

$0.04

Total Assets

$14.05B

Cash & Equivalents

$1.56B

Free Cash Flow

-$112.87M

Financial Statements
Beta
SG&A Expenses$57.98M
Operating Expenses$417.87M
Operating Income$127.20M
Interest Expense$36.18M
Net Income$5.64M
EPS (Basic)$0.04
EPS (Diluted)$0.04
Shares Outstanding (Basic)156.72M
Shares Outstanding (Diluted)157.19M

Key Highlights

  • 1EQT Corporation filed an amendment to its Q1 2016 Form 10-Q primarily to correct a Section 1350 Certification due to an administrative error in the original filing.
  • 2The amendment does not modify or update any of the substantive financial or operational disclosures from the original Q1 2016 Form 10-Q filed on April 28, 2016.
  • 3Key exhibits filed with this amendment include corrected Section 1350 Certifications and Rule 13(a)-14(a) Certifications for executive officers.
  • 4The filing confirms EQT Corporation is a large accelerated filer, indicating its significant size and reporting compliance.
  • 5Employment agreements and offer letters for key executives Robert J. McNally and Philip P. Conti, executed in March 2016, are referenced as exhibits.
  • 6The company's status as an 'active' filer, subject to reporting requirements for the preceding 12 months and the past 90 days, is confirmed.

Frequently Asked Questions

This amended Form 10-Q (10-Q/A) was filed primarily to correct an error in the Section 1350 Certification that was attached to the original filing. The error involved an incorrect date and officer title for the certification, not any substantive financial reporting.

No, this amendment does not alter or update any of the financial or operational disclosures made in the original Form 10-Q filed on April 28, 2016. The financial performance and disclosures remain as originally reported.

The company explicitly states that forward-looking statements in the original filing have not been revised to reflect events occurring after the original filing date. Investors should continue to interpret these statements within their historical context as of the original filing date.

While this amendment itself is administrative, it references exhibits that include employment agreements, offer letters, and award agreements for executives Robert J. McNally and Philip P. Conti, dated in March 2016. These relate to their roles and compensation arrangements as of that period.