David Porges - EQGP Holdings Chairman
Chairman
Mr. David L. Porges is Chairman of the Board of the General Partner. Mr. Porges was appointed as Chairman of the Board and as President and Chief Executive Officer of the EQGP General Partner in January 2015. Mr. Porges has served as the Chairman, President and Chief Executive Officer of the EQM General Partner since January 2012. Mr. Porges is currently the Chairman and Chief Executive Officer of EQT and has held such positions since December 2015. Mr. Porges was Chairman, President and Chief Executive Officer of EQT from May 2011 to December 2015 and President, Chief Executive Officer and director of EQT from April 2010 through May 2011. Mr. Porges brings extensive business, leadership, management and financial experience, as well as tremendous knowledge of EQGPs operations, culture and industry, to the Board. Mr. Porges has served in a number of senior management positions with EQT since joining EQT as Senior Vice President and Chief Financial Officer in 1998. He has also served as a member of EQTs board since May 2002. Prior to joining EQT, Mr. Porges held various senior positions within the investment banking industry and also held several managerial positions with Exxon Corporation . Mr. Porges served on the board of directors of Westport Resources Corporationration from April 2000 through 2004. Mr. Porges strong financial and industry experience, along with his understanding of EQGPs and EQMs business operations and culture, enable Mr. Porges to provide unique and valuable perspectives on most issues facing EQGP and EQM. since 2017.
| Age | 59 |
| Tenure | 7 years |
| Phone | 412-553-5700 |
| Web | http://www.eqtmidstreampartners.com |
EQGP Holdings Management Efficiency
The company has return on total asset (ROA) of 8.86 % which means that it generated a profit of $8.86 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of 23.67 %, meaning that it created $23.67 on every $100 dollars invested by stockholders. EQGP Holdings' management efficiency ratios could be used to measure how well EQGP Holdings manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 3.48 B in liabilities with Debt to Equity (D/E) ratio of 68.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. EQGP Holdings LP has a current ratio of 0.33, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist EQGP Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, EQGP Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like EQGP Holdings LP sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for EQGP to invest in growth at high rates of return. When we think about EQGP Holdings' use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 23.67 | |||
| Return On Asset | 8.86 |
EQGP Holdings LP Leadership Team
Elected by the shareholders, the EQGP Holdings' board of directors comprises two types of representatives: EQGP Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EQGP. The board's role is to monitor EQGP Holdings' management team and ensure that shareholders' interests are well served. EQGP Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, EQGP Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jimmi Smith, Chief Accounting Officer, Principal Accounting Officer of the General Partner | ||
| Phillip Swisher, Chief Accounting Officer, Vice President | ||
| Stephen Thorington, Independent Director | ||
| Theresa Bone, Chief Accounting Officer of EQT GP Services LLC and VP of Fin. - EQT GP Services LLC | ||
| Philip Conti, CFO of EQT GP Services LLC, Sr. VP of EQT GP Services LLC and Director of EQT GP Services LLC | ||
| Robert McNally, CFO, Senior Vice President Director of the General Partner | ||
| Kenneth Burke, Independent Director | ||
| Mark Lewis, Independent Director of the General Partner | ||
| Jeremiah Ashcroft, President CEO, COO, Director General Partner | ||
| Kirk Oliver, CFO, Senior Vice President Director | ||
| Steven Schlotterbeck, Director | ||
| Lewis Gardner, Director | ||
| Kimberly Fleming, Independent Director | ||
| Thomas Karam, President CEO, Director of the General Partner | ||
| David Porges, Chairman of EQT GP Services LLC, CEO of EQT GP Services LLC and President of EQT GP Services LLC | ||
| Nathan Tetlow, Investor Relations Director | ||
| Diana Charletta, COO, Executive Vice President Director |
EQGP Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is EQGP Holdings a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 23.67 | |||
| Return On Asset | 8.86 | |||
| Profit Margin | 31.08 % | |||
| Operating Margin | 80.98 % | |||
| Current Valuation | 14.26 B | |||
| Shares Outstanding | 302.47 M | |||
| Shares Owned By Insiders | 91.38 % | |||
| Shares Owned By Institutions | 9.15 % | |||
| Number Of Shares Shorted | 2.03 M | |||
| Price To Earning | 16.53 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards EQGP Holdings in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, EQGP Holdings' short interest history, or implied volatility extrapolated from EQGP Holdings options trading.
Pair Trading with EQGP Holdings
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EQGP Holdings position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EQGP Holdings will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Sherwin Williams could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sherwin Williams when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sherwin Williams - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sherwin Williams Co to buy it.
The correlation of Sherwin Williams is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sherwin Williams moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sherwin Williams moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sherwin Williams can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the EQGP Holdings LP information on this page should be used as a complementary analysis to other EQGP Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Other Consideration for investing in EQGP Stock
If you are still planning to invest in EQGP Holdings LP check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the EQGP Holdings' history and understand the potential risks before investing.
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