EQT CEO Toby Rice Promotes Massive M&A in Appalachia

While EQT Corp. CEO Toby Rice is mum on rumors that his leading natural gas producing company is in talks with neighboring producer CNX Resources to consolidate their Appalachian companies, he’s quite vocal about the desire to pursue a corporate merger. Or multiple ones, for that matter.

“Now that we’ve got the business to a good spot, we’re focused on accelerated return of capital to our shareholders, and we think consolidation could be a vehicle that helps us accelerate that return of capital.

“It’s simple,” he said. “Consolidation could present synergy opportunities.”