Shares of EQT Corp EQT gained about 1.1% after the company agreed to sell its natural gas processing complex in Langley for $230 million to MarkWest Energy Partners LP MWE. The companies are expecting the deal to close in the first quarter. David Porges, EQT's president and chief executive officer said, "The sale of these valuable Kentucky assets is the first step in our commitment to prioritize our capital to our most profitable investment opportunities, which for us means development activities, primarily in the Marcellus and also in the Huron/Berea, rather than processing activities.”
Shares of Rite Aid Corp RAD rose about 1.5% after the company reported 0.6% y/y rise in its December same-store sales. RAD's total drug store sales for the same period dropped 0.5% to $2.08 billion.
Shares of Alcoa Inc AA gained about 3.9% as the company is scheduled to report its quarterly earnings on January 10. Analysts expect the company to post its latest quarter earnings at $0.19 per share on revenue of $5.68 billion.
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