This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EQT Expands Downtown Natural Gas Fueling Station

EQT Corporation (EQT) today announced that it will expand its public access compressed natural gas (CNG) fueling station on Smallman Street with the addition of another fueling island. Construction is currently underway.

EQT opened the CNG station in July of 2011, one of the first within Pittsburgh city limits and accessible by both commercial and privately owned natural gas vehicles (NGVs). Due to the high volume of vehicles utilizing the fueling station, EQT is adding two additional fuel dispensers. The station will have the ability to fuel a total of eight vehicles simultaneously to service the growing number of fleets and consumers who are converting to NGVs as a way to save money and use a clean fuel source from the Pennsylvania region.

“EQT’s fueling station has experienced consistently increasing customer interest and sales since its inception,” said David Ross, EQT Vice President of Demand Development. “We knew we’d be expanding at some point, but we were ahead of schedule at just 18 months of operation.”

According to last year’s sales volumes, January 2012 saw close to 200 transactions, with the sale of about 2,000 gallons of compressed natural gas. In December 2012, the station had more than 1,000 transactions with nearly 15,000 gallons sold.

EQT is on target to have roughly 200 vehicles, or 14% of its light-duty fleet, converted to bi-fuel by the end of the year, making them capable of running on CNG. When the station first opened, EQT vehicles were responsible for a large percentage of the station’s volume. Today, other major businesses in the area have made the transition to natural gas, such as the City of Pittsburgh, UPMC, Paragon Foods and Veterans’ Taxi – four of the fueling station’s customers that make up about 45% of the sales volume.

“Using CNG is a big savings for us and for the veterans who buy the fuel for their taxis,” said Robert DeLucia, CEO of Veterans’ Taxi. “It helps us compete with a better rate (for passengers) than drivers at other transportation companies. We fuel up twice a day and our guys need to get in and get out as quickly as possible, so the more pumping stations the Smallman station has, the better it will be.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs