PITTSBURGH, July 13 /PRNewswire-FirstCall/ -- The Board of Directors of
Equitable Resources, Inc. (NYSE: EQT) today announced a stock split, declared
a quarterly dividend and increased the share repurchase authorization.
Stock Split: The Board of Directors declared a two-for-one stock split,
subject to regulatory approval, payable September 1, 2005, to shareholders of
record on August 12, 2005. In connection with the stock split, the Company
will be amending its articles of incorporation to reflect the increased
authorized number of shares of common stock. This amendment will be disclosed
in a Form 8-K upon its effectiveness.
Dividend: The Board of Directors declared a regular quarterly cash
dividend of 42 cents per share (pre-split), payable September 1, 2005, to
shareholders of record on August 12, 2005.
Share Repurchase Authorization Increase: The Board of Directors increased
the Company's share repurchase authorization by 3.2 million shares (pre-split)
to 25 million shares.
Equitable Resources is an integrated energy company, with emphasis on
Appalachian area natural gas production supply, natural gas transmission and
distribution, and leading-edge energy management services for customers
throughout the United States. For more information please visit http://www.eqt.com.
SOURCE Equitable Resources, Inc.
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Related links:
http://www.eqt.com
CONTACT:
Patrick Kane of Equitable Resources, Inc.,
+1-412-553-7833
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