latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/eqt-suspends-quarterly-dividend-57780235 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

EQT suspends quarterly dividend


S&P podcast - Coronavirus pandemic, oil price crash shake up energy sector

Case Study: A Utility Company Efficiently Sharpens Its Focus on the Credit Risk of New Customers

Energy Evolution Podcast

Energy Evolution Why solar energy could get even cheaper

EQT suspends quarterly dividend

EQT Corp., the largest natural gas producer in the U.S., has elected to suspend its quarterly dividend effective immediately, according to a March 26 release.

The company expects that the measure will save approximately $30 million per year, which will be used to pay down near-term debt maturities.

"The decision to suspend EQT's dividend is another action to display our commitment to our debt reduction strategy, which also includes utilizing substantial near-term free cash flow and asset monetization proceeds to reduce debt," said EQT President and CEO Toby Rice.

Prior to suspension, EQT was paying a quarterly dividend of 3 cents per share. On March 16, EQT also reduced its 2020 capital expenditure guidance to between $1.075 billion and $1.175 billion.