UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 7, 1998
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EQUITABLE RESOURCES, INC.
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-3551 25-0464690
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
420 Boulevard of the Allies, Pittsburgh, Pennsylvania 15219
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 261-3000
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NONE
(Former name or former address, if changed since last report)
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) A press release announcing Board of Director authorization to
repurchase up to 5,600,000 shares of ERI's Common Stock is filed
as Exhibit 99 to this report.
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereto duly authorized.
EQUITABLE RESOURCES, INC.
(Registrant)
By /s/ David L. Porges
David L. Porges
Senior Vice President and
Chief Financial Officer
October 7, 1998
<PAGE>
EXHIBIT INDEX
Sequential
Exhibit No. Department Description Page No.
99 Press release announcing Board of 4
Director authorization to repurchase up to
5,600,000 shares of ERI's Common Stock
Robert E. Butter
(412) 553-5911
October 6, 1998
Equitable Resources, Inc. Board Authorizes Common Stock Repurchase
PITTSBURGH -- Equitable Resources, Inc. (NYSE: EQT) announced today
that its Board of Directors has authorized the repurchase of up to 5,600,000
shares of the Company's Common Stock. In anticipation of the closing of the sale
of its midstream assets, announced September 14, 1998, the Company is in the
process of evaluating various alternative uses of the proceeds, including the
possible repurchase of its Common Stock. The Company stated that repurchases may
occur from time to time, as deemed appropriate by the Company, in open market
transactions, through privately negotiated transactions, or in other permissible
transactions. Any repurchased shares will be available for issuance pursuant to
employee benefit and other stock plans, possible future financing and
acquisition transactions, stock dividends or distributions, and other general
corporate purposes.
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Equitable Resources' recent news releases are available free of charge by
fax through Company News on Call at 1-800-758-5804, ext. 289250,
or on the Internet at http://www.eri2000.com
