Toby Rice, President and CEO of EQT Corp. (Source: CERAWeek by S&P Global)
Appalachian gas giant EQT Corp. named a successor for outgoing CFO David Khani.
Jeremy Knop, who previously served as executive vice president of corporate development for EQT, will assume the role of CFO effective July 24, the company announced in a July 20 news release.
Since joining Pittsburgh-based EQT in 2021, Knop has overseen the company’s M&A strategy and transaction execution. He has worked closely with Khani on matters related to financial policy, capital allocation and hedging, the company said.
“Jeremy's strategic, value-oriented mindset and deep understanding of our business instills great confidence that he will continue to drive value creation, strengthen our balance sheet and ensure the realization of our long-term vision,” said Toby Rice, president and CEO of EQT.
Before joining EQT, Knop worked as a principal at The Blackstone Group focused on debt, mezzanine and private equity investment in the energy sector.
In February, EQT announced that it would be conducting a search to identify a successor for Khani. He joined as CFO at the natural gas E&P in January 2020 after previously serving as CFO of coal company CONSOL Energy, according to EQT regulatory filings.
On July 19, the EQT board of directors declared a quarterly cash dividend of $0.15 per share—in line with the company’s dividend last quarter. The current quarterly dividend is payable on Sept. 1 to shareholders of record as of Aug. 9, EQT said in a news release.
RELATED
Recommended Reading
Shale Outlook: Power Demand Drives Lower 48 Midstream Expansions
2025-01-10 - Rising electrical demand may finally push natural gas demand to catch up with production.
East Daley: New Pipelines Could Open Permian Floodgates
2024-12-18 - Led by the opening of the Matterhorn Express, a slew of projects is set to battle regional bottlenecks in the Permian Basin region but power generation may be the catalyst for newly announced pipelines.
Permian Resources Divests Delaware Basin Midstream Assets to Kinetik
2024-12-10 - The deal includes approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for natural gas gathering, compression and processing and crude oil gathering services, Kinetik said.
Energy Transfer Shows Confidence in NatGas Demand with Pipeline FID
2024-12-11 - Analyst: Energy Transfer’s recent decision to green light the $2.7 billion Hugh Brinson line to Dallas/Fort Worth suggests electric power customers are lining up for Permian Basin gas.
Plains’ $725MM in Deals Add Eagle Ford, Permian Infrastructure
2025-01-08 - Plains All American Pipeline’s executed transactions with EnCap Flatrock Midstream in the Eagle Ford and Medallion Midstream in the Delaware Basin, among other moves.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.