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.
Track record of outperformance across 4 public companies
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.