Our Sponsor

Track record of outperformance across 4 public companies

Natural Gas Producer

Founded 2007, Exited 2017
~$8.0 billion sale to EQT

Public shareholder returns
1/24/14 to 11/13/17 (1)

Natural Gas Midstream

Founded 2007, Exited 2017
~$2.0 billion sale to EQT

Public shareholder returns
12/17/14 to 11/13/17 (2)

Largest Natural Gas Producer in U.S.

Operated 2018 – Present
~$24.3 billion enterprise value

Public shareholder returns
12/7/18 to 11/25/22 (3)

Largest Public RNG Producer in U.S.

Invested 2018, SPAC 2021, Exit 2022 (pending)
~$4.1 billion sale to bp (pending)

Public shareholder returns
4/6/21 to 11/25/22 (4)

Source: Company filings and press releases, FactSet as of 11/25/22.

(1) Peers include AR, CNX, COG, EQT, GPOR and RRC. Performance period measured from 1/24/14 (RICE IPO) to 11/13/17 (closing of RICE/EQT acquisition).
(2) Peers include AM, CNXM and EQM. Performance period measured from 12/17/14 (RMP IPO) to 11/13/17 (closing of RICE/EQT acquisition).
(3) Peers include AR, CNX, CTRA, RRC and SWN. Performance period measured from 12/7/18 (trading date prior to the Rice Team sending its first public letter to EQT’s board) to 11/25/22.
(4) Peers include AMTX, CLNE and MNTK. Performance period measured from 4/6/21 (trading date prior to announcement of de-SPAC transaction) to 11/25/22.