PHX MINERALS INC. Announces Dividend Payment

OKLAHOMA CITY, Oct. 27, 2020 /PRNewswire/ — PHX MINERALS INC., formerly Panhandle Oil and Gas Inc., “PHX,” (NYSE: PHX), announced that its Board of Directors approved a payment of one cent per share quarterly dividend at its Oct. 23, 2020, meeting. The dividend will be payable on Dec. 7, 2020, to shareholders of record on Nov. 23, 2020.

PHX Minerals Inc. (NYSE: PHX) Oklahoma City-based, PHX Minerals Inc. is an oil and natural gas mineral company with a strategy to proactively grow its mineral position in our core areas of focus. PHX owns approximately 253,000 net mineral acres principally located in Oklahoma, North Dakota, Texas, New Mexico and Arkansas. Approximately 71% of this mineral count is unleased and undeveloped. Additional information on PHX can be found at www.phxmin.com.

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SOURCE PHX MINERALS INC.

Vistra Announces Quarterly Dividend

IRVING, Texas, Oct. 27, 2020 /PRNewswire/ — Vistra (NYSE: VST) announced today that its Board of Directors has declared a quarterly dividend of $0.135 per share of Vistra’s common stock, or $0.54 per share on an annualized basis. Consistent with the dividend paid in September 2020, this dividend represents an 8% increase from the company’s quarterly common stock dividend paid in 2019.  The dividend is payable on Dec. 30, 2020, to shareholders of record as of Dec. 16, 2020. The ex-dividend date will be Dec. 15, 2020.

Media
Meranda Cohn
214-875-8004
Media.Relations@vistracorp.com

Analysts
Molly Sorg
214-812-0046
Investor@vistracorp.com

About Vistra

Vistra (NYSE: VST) is a leading, Fortune 275 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving nearly 5 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is the largest competitive residential electricity provider in the country and offers over 40 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, which will be the largest of its kind in the world when it comes online. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about Vistra’s environmental, social, and governance efforts and read the company’s sustainability report at https://www.vistracorp.com/sustainability/

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SOURCE Vistra

ForeFront Power Develops Six New Solar Projects in Illinois, for a Grand Total of 22.9 MWdc in Three Years Incentivized by the Illinois Adjustable Block Program

The New Projects Include the Largest Solar-Powered System at a School District in Illinois and an On-Site System for a Global Tier One Auto Supplier

SAN FRANCISCO, Oct. 27, 2020 /PRNewswire/ — ForeFront Power, a leading developer of distributed solar and energy storage projects in the U.S., today announced the completion of six solar projects in Illinois, adding 6.6 megawatts-DC (MWdc) / 5.5 megawatts-AC (MWac) of distributed power generation in McHenry and Marion Counties. Including these six new rooftop and ground-mount projects, ForeFront Power has now developed a total of 22.9 MWdc of solar energy projects in Illinois, resulting in $46.7 million dollars of investment in the state. All of these projects received incentives through the state’s Adjustable Block Program (ABP), which was established by the Future Energy Jobs Act to support the development of new photovoltaic distributed generation and community solar projects in Illinois.

“We’re proud to help the State of Illinois push toward its target of 25 percent renewable energy by the end of 2025. Thanks to the Adjustable Block Program, the six Aisin and Huntley solar energy projects have collectively generated 71 family-supporting jobs in the state this year, and will save these two customers millions of dollars,” said Rachel McLaughlin, vice president of sales and marketing at ForeFront Power. “We continue to see strong demand from customers who are excited to adopt locally sourced energy and to save on their electricity bills. Unfortunately, unless the renewable energy funding cliff is fixed in Springfield, continued development in the state looks infeasible for the next several years.”

The ABP allows qualifying new distributed generation projects to sell solar renewable energy credits (SRECs) to local utilities, which significantly reduces the cost of the generated energy.  The SRECs are then retired to count toward Illinois’ renewable energy goals.

About the Aisin and Huntley Portfolios  

Midwest Wind and Solar served as ForeFront Power’s engineering, procurement, and construction (EPC) partner on the Aisin portfolio, while SolAmerica served as the EPC partner for the Huntley projects. The vast majority of the jobs created on these six solar projects were union jobs.

The Aisin Portfolio

Located 300 miles south of Chicago in Marion, Ill., the Aisin portfolio includes three solar energy projects with power sold to Aisin Illinois, subsidiary of global Tier One auto supplier, AISIN Group. The clean electricity from more than 2,900 solar panels will power manufacturing operations at Aisin MFG Illinois, Aisin Electronics Illinois, and Aisin Light Metals. Aisin Group employs 110,000 employees globally across its companies and has set a carbon reduction target of 59.9 tons of carbon dioxide per million sales dollars.

“We’re not just cutting emissions and costs with solar. We’re creating a more sustainable society and better serving the communities in which we operate,” said Jeff Copeland, general manager of environmental safety and energy at Aisin World Corp. of America. “We’re helping our customers and our local utility meet sustainability targets as well. All in all, investing in solar energy makes us a better community partner.”

The Huntley Portfolio

The Huntley Portfolio constitutes the largest solar-powered system at a school district in the State of Illinois, spanning three ground-mounted solar installations across three campuses in Huntley Community School District 158. Huntley has been one of the fastest-growing school districts in Illinois over the past decade, today serving 8,900 PreK-12 students and employing more than 1,400 staff members. This 5.5 MWdc portfolio of solar projects announced in January 2020 will offset 12.3 million pounds of carbon emissions.

“In our 100th year of existence, Huntley 158 is delighted to further our legacy of innovation by powering our operations with cost-effective, clean electricity from 15,100 solar panels,” said Dr. Scott Rowe, superintendent of Huntley 158. “We maintain among the lowest per-pupil spending rates in all of Northern Illinois, and we see the millions of dollars in utility bills saved thanks to these projects as an opportunity to reinvest taxpayer dollars directly into student education, allowing us to more effectively educate tomorrow’s leaders.”

About ForeFront Power

ForeFront Power is one of the fastest-growing solar and energy storage companies in the U.S., now ranked a top 10 player nationally in commercial solar development and asset management according to energy research firm Wood Mackenzie. The ForeFront Power team holds more than a decade of experience working together across nearly one gigawatt (GW) of renewable electricity, spanning more than 1,300 distributed generation and community solar projects. Serving business, the public sector, and community solar customers in the U.S. and Mexico, ForeFront Power is headquartered in San Francisco, with offices in New York City and Mexico City. ForeFront Power is a wholly owned subsidiary of Mitsui & Co. Ltd., a global energy infrastructure and investment leader with a robust balance sheet and an “A” credit rating from Standard & Poor’s. For more information, visit forefrontpower.com.

About Aisin Group

AISIN Group is the sixth largest global Tier One supplier of automotive components and systems such as brakes, transmissions, navigation systems, drivetrain, chassis, body, engine-related parts, electronics and intelligent transportation systems, and the largest transmission manufacturer in the world. A $35 billion company, AISIN Group has over 200 consolidated companies and employs approximately 110,000 people. In the Americas, AISIN Group companies include 14,000 employees, 36 manufacturing, sales, and research and development centers, including Aisin Technical Center of America located at the North American headquarters in Northville, Mich., and FT-Techno of America, the company’s 950-acre test track and proving ground in Fowlerville, Mich.

About Huntley School District 158

Located in McHenry and Kane counties of northern Illinois, Huntley School District 158 serves 8,900 students in Pre-Kindergarten through grade 12, residing in Huntley, western portions of Lake in the Hills and Algonquin, and surrounding areas.  The District employs more than 1,400 staff members and has been one of the fastest-growing school districts in Illinois over the past two decades. The District gained renown for its campus-concept idea, devised to accommodate the huge population growth it experienced in the 2000s. Over that period, the District transformed from a one elementary/one high school district to its current five elementary schools, two middle schools, and one high school, located on three campuses. Huntley 158 has been recognized as a leader at state and national levels for bringing innovation to K-12 education, while at the same time maintaining among the lowest per-pupil spending rates in all of Northern Illinois.

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SOURCE ForeFront Power

Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.905 per Common Limited Partner Unit

BRENTWOOD, Tenn., Oct. 27, 2020 /PRNewswire/ — Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today declared its quarterly cash distribution for the third quarter 2020 of $0.905 per common limited partner unit, or $3.62 per common limited partner unit on an annualized basis. This distribution represents a 0.6% increase from the distribution for the second quarter 2020 of $0.90 per common limited partner unit ($3.60 per common limited partner unit annualized) and an 2.8% increase over Delek Logistics’ distribution for the third quarter 2019 of $0.88 per common limited partner unit ($3.52 per common limited partner unit annualized). The third quarter 2020 cash distribution is payable on November 12, 2020 to unitholders of record on November 6, 2020.

“This marks the thirtieth consecutive quarterly increase in the cash distribution and demonstrates stability of the business despite a difficult macro energy environment. We remain on-track to deliver 5% distribution growth this year versus 2019 levels,” said Uzi Yemin, Chairman, President and Chief Executive Officer of Delek Logistics.

About Delek Logistics Partners, LP

Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, was formed by Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) to own, operate, acquire and construct crude oil and refined products logistics and marketing assets.

Safe Harbor Provisions Regarding Forward-Looking Statements

This press release contains forward-looking statements that are based upon current expectations and involve a number of risks and uncertainties. Statements regarding Delek Logistics’ future distributions, including the amounts and timing thereof, and other statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” within the meaning of federal securities laws. Investors are cautioned that the following important factors, among others, may affect these forward-looking statements: the fact that a substantial majority of Delek Logistics’ contribution margin is derived from Delek US, thereby subjecting it to Delek US’ business risks; risks and uncertainties related to the effects of the COVID-19 pandemic; risks and costs relating to the age and operational hazards of our assets including, without limitation, costs, penalties, regulatory or legal actions and other effects related to releases, spills and other hazards inherent in transporting and storing crude oil and intermediate and finished petroleum products; the impact of adverse market conditions affecting the business of Delek Logistics, including margins generated by its wholesale fuel business; adverse changes in laws including with respect to tax and regulatory matters and other risks as disclosed in our annual report on Form 10-K, quarterly reports on Form 10-Q and other reports and filings with the United States Securities and Exchange Commission.  

Forward-looking statements are based on information available at the time and/or management’s good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the statements. There can be no assurance that actual results will not differ from those expected by management or described in forward-looking statements. Delek Logistics undertakes no obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which Delek Logistics becomes aware of, after the date hereof.

Tax Considerations

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Delek Logistics Partners, LP’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Delek Logistics Partners, LP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate for individuals or corporations, as applicable. Nominees, and not Delek Logistics Partners, LP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

Information about Delek Logistics Partners, LP can be found on its website (www.deleklogistics.com), investor relations webpage (ir.deleklogistics.com), news webpage (www.deleklogistics.com/news-releases) and its Twitter account (@DelekLogistics).

 

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SOURCE Delek Logistics

Albemarle Corporation Announces Dividend

CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ — The Board of Directors of Albemarle Corporation (NYSE: ALB) announces that it has declared a quarterly dividend of $0.385 per share. The dividend, which has an annualized rate of $1.54, is payable Jan. 4, 2021, to shareholders of record at the close of business as of Dec. 11, 2020.

About Albemarle Corporation

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, N.C., is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. We think beyond business-as-usual to power the potential of companies in many of the world’s largest and most critical industries, such as energy, electronics, and transportation. We actively pursue a sustainable approach to managing our diverse global footprint of world-class resources. In conjunction with our highly experienced and talented global teams, our deep-seated values, and our collaborative customer relationships, we create value-added and performance-based solutions that enable a safer and more sustainable future.

We regularly post information to www.albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, SEC filings and other information regarding our company, its businesses and the markets it serves.

Forward-Looking Statements

Some of the information presented in this press release, including, without limitation, information related to future dividends and results, and all other information relating to matters that are not historical facts may constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the outlook expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the SEC, including those described under “Risk Factors” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.  These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

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SOURCE Albemarle Corporation

EQT Announces the Acquisition of Chevron’s Appalachia Assets

Highly attractive, low-risk, strategic bolt-on acquisition

PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced that it has entered into a definitive purchase and sale agreement with Chevron U.S.A. Inc. under which EQT will acquire Chevron’s upstream and midstream assets located in the Appalachian Basin for $735 million, subject to customary adjustments at closing. The transaction is expected to close late in the fourth quarter of 2020, subject to customary closing conditions, with an effective date under the purchase and sale agreement of July 1, 2020. EQT intends to finance the acquisition, subject to market conditions and other factors, with cash on hand, drawings under its revolving credit facility and/or one or more capital markets transactions.

Asset Highlights:

  • Current net production of approximately 450 MMcfe per day; 75% gas / 25% liquids
  • Approximately 100 work-in-progress wells
  • Approximately 125,000 core net Marcellus acres; 335,000 total net Marcellus acres
  • 31% ownership interest in Laurel Mountain Midstream
  • Two water systems and associated infrastructure located in PA and WV

Transaction Highlights:

  • Low-risk, strategic bolt-on acquisition
  • Valuation underwritten by PDP value and protected through hedging
  • Extensive work-in-progress inventory enables capital efficient development
  • Favorable operating cost structure immediately improves margins and boosts free cash flow profile
  • Expected to be accretive to leverage, free cash flow per share and NAV per share

President and CEO Toby Rice stated, “This acquisition is a natural bolt-on extension of EQT’s dominant position in the core of the southwest Marcellus and supplements our already impressive asset base. With the purchase price underpinned by PDP value, the extensive work-in-progress well inventory, core undeveloped acreage and water assets provide material value upside.  Our unique knowledge of these assets, coupled with our superior operating model, puts these assets in the right hands to maximize the embedded value.”

Rice continued, “The digital work environment and business processes that we have created will allow for the seamless integration of these assets into our existing portfolio, while the favorable financial impacts will benefit both equity and debt holders. This transaction represents another strategic step this team is taking to create value for all stakeholders, while enhancing the durability and sustainability of our business.”

Jefferies LLC acted as financial advisor to EQT on the transaction.

About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders.  By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy.  We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.

EQT Management speaks to investors from time to time and the analyst presentation for these discussions, which is updated periodically, is available via the EQT’s investor relations website at https://ir.eqt.com.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation and its subsidiaries (collectively, the Company), including guidance regarding the Company’s ability to complete its acquisition of assets from Chevron (the Chevron Acquisition) and the timing of closing, if at all; the projected financial, strategic and operational benefits from the Chevron Acquisition, and the Company’s ability to successfully integrate the assets and achieve such benefits; potential financing sources and amounts for financing the Chevron Acquisition, and the timing of such financings; and the Company’s hedging strategy. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently available to the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. The risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; access to and cost of capital; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company’s ability to appropriately allocate capital and resources among its strategic opportunities; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, NGLs and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company’s exploration and development plans; the ability to obtain environmental and other permits and the timing thereof; government regulation or action; environmental and weather risks, including the possible impacts of climate change; uncertainties related to the severity, magnitude and duration of the COVID-19 pandemic; and disruptions to the Company’s business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by Part II, Item 1A, “Risk Factors” in the Company’s subsequently filed Quarterly Reports on Form 10-Q and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.

Investor Contact:
Andrew Breese
Director, Investor Relations
412.395.2555
ABreese@eqt.com

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SOURCE EQT Corporation

EQT Announces Proposed Public Offering Of Common Stock

PITTSBURGH, Oct. 27, 2020 /PRNewswire/ — EQT Corporation (NYSE: EQT) (the Company or EQT) announced today that it has commenced an underwritten public offering of 20,000,000 shares of its common stock (the Offering). The Company intends to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed.

The Company intends to use the net proceeds from the Offering to partially fund the purchase price of the Company’s recently announced acquisition of certain upstream and midstream assets located in the Appalachian Basin from Chevron U.S.A. Inc. (the Chevron Acquisition). The consummation of the Offering is not conditioned upon the completion of the Chevron Acquisition and the consummation of the Offering is not a condition to the completion of the Chevron Acquisition. If the Chevron Acquisition is not consummated, the Company intends to use the net proceeds of the Offering to repay or redeem outstanding indebtedness, including those with near-term maturities, and for general corporate purposes.

Citigroup, Credit Suisse, BofA Securities and Barclays are acting as joint book-running managers for the Offering. The Offering will be made only by means of a prospectus supplement and the accompanying base prospectus, which was filed as part of an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3. Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the Offering, as well as copies of the final prospectus supplement once available, may be obtained on the Securities and Exchange Commission’s website at www.sec.gov or by contacting any of the following underwriters: Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 800-831-9146; Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by calling 1-800-221-1037, or by emailing usa.prospectus@credit-suisse.com; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attn: Prospectus Department, or by emailing dg.prospectus_requests@bofa.com; and Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling 888-603-5847, or by emailing Barclaysprospectus@broadridge.com.

This news release shall not constitute an offer to sell, a solicitation to buy or an offer to purchase or sell any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Investor Contact:
Andrew Breese
Director, Investor Relations
412.395.2555
ABreese@eqt.com

About EQT Corporation
EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include statements regarding the Company’s plans and expected timing with respect to the Offering and Chevron Acquisition. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently available to the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control. The risks and uncertainties that may affect the operations, performance and results of the Company’s business and forward-looking statements include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; access to and cost of capital; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company’s ability to appropriately allocate capital and resources among its strategic opportunities; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, natural gas liquids and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company’s exploration and development plans; the ability to obtain environmental and other permits and the timing thereof; government regulation or action; environmental and weather risks, including the possible impacts of climate change; uncertainties related to the severity, magnitude and duration of the COVID-19 pandemic; and disruptions to the Company’s business due to acquisitions and other significant transactions. These and other risks are described under Item 1A, “Risk Factors,” and elsewhere in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, as updated by Part II, Item 1A, “Risk Factors” in the Company’s subsequently filed Quarterly Reports on Form 10-Q and other documents the Company files from time to time with the Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse impact on it.

Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. 

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SOURCE EQT Corporation

­Electrify America Launches New Enterprise Offering Customized Business-to-Business Charging Solutions

Electrify Commercial® provides end-to-end charging solutions to help business customers achieve electrification goals and prepare for the future of mobility

RESTON, Va., Oct. 27, 2020 /PRNewswire/ — Electrify America today announced the launch of Electrify Commercial, a new business unit designed to deliver turn-key electric vehicle (EV) charging solutions to utilities, fleet owners and operators,  government entities and businesses seeking to manage their own network of chargers.

Electrify America launches Electrify Commercial, a new business unit designed to deliver turn-key EV charging solutions.

Backed by experience gained from building the nation’s largest open DC fast charging network, Electrify Commercial is uniquely positioned to support its customers in the planning, procurement, execution, operation, and optimization of electric vehicle charging stations.

The new business unit helps business-to-business (B2B) customers – including utility companies, fleet operators, automotive manufacturers, real estate developers, property owners, retailors and government entities – formulate and deploy a strategy tailored to their specific EV charging needs. Electrify Commercial’s comprehensive suite of services is designed to support B2B clients’ charging needs at any speed, resulting in a seamless experience for both station operators and EV drivers.

“As Electrify America works to expand the availability of electric vehicle public charging solutions, we have recognized a growing demand for c­ustom charging solutions in the B2B sector,” said Rachel Moses, director, commercial services at Electrify America. “We are excited to introduce Electrify Commercial to fulfill this need, providing the full power of our charging expertise to businesses that prioritize electrification.”

Electrify Commercial will offer customers a wide array of services to make the transition to electrification easy:

  • A customized EV charging program tailored to fit the needs of the client
  • Site acquisition, including identification, research, and analysis of potential locations
  • Site development that maximizes the use of space
  • The latest technology to handle applications from Level 2 AC to 350kW DC charging
  • Proactive monitoring with in-depth asset management
  • Premium driver experience offering the latest technology to support the EV market 
  • Robust testing of EV charging through Electrify America’s Center of Excellence technology lab
  • Intelligent energy management recommendations in order to provide cost-saving options  

The launch of Electrify Commercial reflects Electrify America’s forward-thinking approach to meet the growing demand for customized charging solutions across public and private sectors. The range and scale of services provided by the new entity introduce a unique opportunity for businesses that is unparalleled in the industry today.

For more information on Electrify Commercial, visit www.electrify-commercial.com.

About Electrify America
Electrify America LLC, the largest open DC fast charging network in the U.S., is investing $2 billion over 10 years in Zero Emission Vehicle (ZEV) infrastructure, education and access. The investment will enable millions of Americans to discover the benefits of electric driving and support the build-out of a nationwide network of workplace, community and highway chargers that are convenient and reliable. Electrify America expects to install or have under development approximately 800 total charging stations with about 3,500 DC fast chargers by December 2021. During this period, the company will be expanding to 29 metros and 45 states, including two cross-country routes, delivering on its commitment to support increased ZEV adoption with a network that is comprehensive, technologically advanced and customer friendly. Electrify America’s Electrify Home® offers home charging solutions for consumers with flexible installation options. For more information, visit www.electrifyamerica.com and media.electrifyamerica.com.

 

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SOURCE Electrify America, LLC

Clean Energy Capitalist Shares Vision of a Green America

Melink Corporation CEO Releases “Fusion Capitalism” with ForbesBooksThis release is posted on behalf of ForbesBooks (operated by Advantage Media Group under license.)

NEW YORK, Oct. 27, 2020 /PRNewswire/ — Steve Melink, CEO of Melink Corporation, today announced the publication of Fusion Capitalism: A Clean Energy Vision for Conservatives. The book is published with ForbesBooks, the exclusive business book publishing imprint of Forbes.

In Fusion Capitalism, clean energy expert Steve Melink shares his vision of a clean energy future. In Melink’s view, the economy, national security, public health, and a sustainable environment are all inextricably linked to the world’s energy infrastructure – making the transition to alternative energy one of the greatest opportunities of the 21st Century. Sustainability, he argues, must become a core national value because it is fundamental to the future of America’s success.

“If America is to remain a world leader, we must rise to the new challenges and opportunities of our time,” said Melink. “Our values should demand a fresh take on our love affair with fossil fuels and the costs, risks, and liabilities they impose on society. If we don’t commit to the equivalent of a moon race on clean energy, we will cede our power and influence over to those more willing to adapt.”

Melink shares the story of his awakening on climate change, inviting readers to educate themselves without prejudice. As a lifelong conservative, he sees American capitalism, innovation, and leadership as strategic advantages to make the world safer, healthier, and more prosperous for future generations. 

Fusion Capitalism: A Clean Energy Vision for Conservatives is available on Amazon starting today.

About Steve Melink
Steve Melink is founder and CEO of Melink Corporation, a Cincinnati-based company providing energy efficiency and renewable energy solutions for commercial building owners. With over thirty years of experience, Steve is on the forefront of the Zero Energy Building movement.

Melink’s customers include some of the largest corporations and organizations in the world, including top U.S. universities.

About ForbesBooks
Launched in 2016 in partnership with Advantage Media Group, ForbesBooks is the exclusive business book publishing imprint of Forbes. ForbesBooks offers business and thought leaders an innovative, speed-to-market, fee-based publishing model and a suite of services designed to strategically and tactically support authors and promote their expertise. For more information, visit forbesbooks.com.

Media Contacts
Allison Sternad, Melink Corp, asternad@melinkcorp.com
Courtney Morrill, ForbesBooks, cmorrill@advantageww.com

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SOURCE ForbesBooks

Germany Sets Yearly Solar Power Record

With more than two months to go in 2020, the amount of photovoltaic energy produced has already exceeded that in 2019.

BERLIN, Oct. 27, 2020 /CNW/ — (GTAI) – German energy provider Eon says that since the beginning of the year solar energy facilities have fed some 43 billion kilowatt hours of electricity into the national grid. That’s already around one billion kilowatt hours more than in all of 2019 and enough to cover the electricity needs of all private households in Germany twofold.

Eon added that all told renewable sources have been responsible for 195 billion kilowatt hours of energy fed into the grid thus far in 2020. The figure represents an increase of four percent over January to October 2019.

Germany’s prestigious Fraunhofer Institute for Solar Energy Systems (ISE) has also calculated that 2020 will be a record year for renewable energy in Germany. The institute says that from January through October renewables accounted for 52.5 percent of net public electricity production. In 2019, green power sources contributed 46 percent.

“These record achievements – together with recent commitments to green hydrogen and even more renewable energy production – are the cornerstones of the new ecological infrastructure that Germany will be building over the next decade,” says Germany Trade & Invest (GTAI) energy expert Tobias Rothacher. “We see a steady flow of innovative green industry players entering Germany as a manufacturing base to take advantage of the excellent market outlook here.”

Contact:
Jefferson Chase
Senior Manager
Corporate Communications

GERMANY TRADE & INVEST 
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T +49 30 200 099 170
jefferson.chase@gtai.com 
www.gtai.com

Germany Trade & Invest (GTAI) is the economic development agency of the Federal Republic of Germany. GTAI supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up in Germany.

 

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SOURCE Germany Trade & Invest