Who Is EQT CEO Toby Rice? Since July 2019, Toby Rice has been the CEO and President of EQT Corporation. However, few people are aware that he was a baseball player.
Rice was an All-American college football player who learned about business by watching his family. He and his brothers are the children of a prosperous Armenian immigrant family.
Rice, despite being a well-known business figure, rarely discusses his personal life. As a result, some Cyberians are interested in his life.
Who Is EQT CEO Toby Rice?
Since July 2019, Toby Rice has served as President and CEO of EQT Corporation. His company is a well-known natural gas producer on a global scale.
From 2000 to 2004, Rice attended Rollins College. He earned a Bachelor of Science in Chemistry.
Toby, a well-known figure in the energy sector who is familiar with his brothers Daniel, 41, and Derek, 36, is not yet listed on Wikipedia. The corporation involved in pipeline development and transportation is known as the EQT Corporation.
Its headquarters are at EQT Plaza in Pittsburgh, Pennsylvania. It is the Appalachian Basin’s largest natural gas producer, with 19.802 trillion cubic feet of known reserves.
Rice is also a partner in the Rice Investment Group, according to his LinkedIn profile. He previously held various executive positions at Rice Energy for more than ten years.
Rice played baseball in college before starting his business career, but after being passed over for the draft, he decided to focus on his business instead. He began his career as a roughneck on a Texas oil rig, earning $9 per hour, before quitting to pursue a master’s degree in hydraulic fracturing in 2007, when he and his brothers founded Rice Energy.
Insight About Toby Rice Family And Wife
Toby Rice learned about business from his entrepreneurial family. He is of Armenian descent and grew up in Boston with his brothers, Daniel and Derek.
Rice’s father, Daniel Rice III, worked at BlackRock and had a natural-resources portfolio. He is the one who founded the Rice brothers’ company.
Rice is married to his lovely wife Aileen, who was previously the vice president of land for Rice Energy.
According to LinkedIn, Aileen is now the Shale Generation leader. She previously worked as the Research Proposal Coordinator in the Office of Sponsored Research at Florida International University.
What Is Toby Rice’s Net Worth In 2022?
Toby Rice has a net worth of $2.5 million. He currently owns over 28,000 shares of EQT Corp stock, which is worth more than $26,045,975.
As of 2022, EQT Corp executives also pay him $1,400,001 in compensation. Since 2017, he has traded EQT Corp stock more than three times.
According to Yahoo Finance, his company’s earnings growth rate for the current year is expected to be 32.5%. As of 2022, it is estimated to be worth around $17.7 billion. Similarly, its current stock price is USD 48.96 per unit, implying that Rice could profit millions by selling his share at the right time.
The Rice brothers sold their company to EQT for USD 6 billion in 2019. On August 2, 2021, he paid $499,240 for 28,000 shares of EQT stock. It is said to be one of his largest trades. Furthermore, his company generated $3.08 billion in revenue in 2022.
