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EQT Corporation : EQT Helps Accelerate the Use of Natural Gas Vehicles by Awarding Grants to Non-Profit Organizations

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01/30/2012 | 03:55pm CEST

EQT Corporation today announced that the EQT Foundation awarded more than $900,000 in grants to five Pittsburgh area non-profit organizations to support community programming and promote the use of Natural Gas Vehicles (NGVs).

"These organizations are working hard to promote goodwill throughout our community," said Charlene Petrelli, EQT Foundation president. "Grants from the EQT Foundation will help them with the purchase of NGVs, which in turn becomes a win-win situation all around - for the organization, the environment, and the community. In addition, since compressed natural gas is less expensive than gasoline or diesel, NGVs can positively influence their budgets through a reduction in operating costs over time."

As a fully integrated energy company, EQT has long championed the adoption of NGVs, particularly for area fleets, by helping organizations and local governments obtain grants for the purchase of NGVs. In addition, EQT opened a public-access compressed natural gas (CNG) station in Pittsburgh's Strip District in July 2011, and is converting its own fleet and that of its distribution subsidiary, Equitable Gas Company, to natural gas.

During the past 18 months, EQT Foundation grants for NGVs have been awarded to the following non-profit organizations:

  • Carnegie Science Center - one bi-fuel vehicle for use in an EQT-sponsored "Science on the Road" program. Bi-fuel vehicles operate on gasoline and CNG.
  • Family House - one CNG vehicle to assist the transportation needs of patients and families who come to Pittsburgh for treatment of serious or life-threatening illnesses.
  • Pittsburgh Zoo and PPG Aquarium - one CNG vehicle to help facilitate community outreach relating to environmental programs.
  • Manchester Bidwell Corporation - two CNG passenger vans to enhance community outreach and student programming.
  • Allegheny CleanWays - one CNG truck to help expand its "DumpBusters" clean-up program for communities outside the City of Pittsburgh.

About EQT Corporation:

EQT Corporation is an integrated energy company with emphasis on Appalachian area natural gas production, gathering, transmission, and distribution. With more than 120 years of experience, EQT is a technology-driven leader in the integration of air and horizontal drilling. 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.

Visit EQT Corporation on the Internet at www.EQT.com.

EQT Corporation
Natalie Cox ? Corporate Director, Communications, 412-395-3941
[email protected]


© Business Wire 2012
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Financials ($)
Sales 2017 3 159 M
EBIT 2017 1 030 M
Net income 2017 324 M
Debt 2017 2 920 M
Yield 2017 0,21%
P/E ratio 2017 34,10
P/E ratio 2018 32,69
EV / Sales 2017 4,01x
EV / Sales 2018 3,45x
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Steven T. Schlotterbeck President, Chief Executive Officer & Director
David L. Porges Chairman
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