Company Overview - EQT Corporation has gained 1.2% in the past six months, outperforming the 0.9% improvement of the composite stocks in the industry [1] - EQT is a leading natural gas producer in North America with a strong presence in the Appalachian Basin, which offers numerous prime drilling locations [2] Production and Market Position - The company's production prospects are robust due to the growing demand for clean energy sources, as natural gas is a cleaner-burning fossil fuel [2] - EQT aims to achieve net zero scope 1 and scope 2 greenhouse gas emissions by 2025 or sooner, positioning itself as a leader in emissions reduction goals among its peers [3] Industry Context - Other major exploration and production firms, such as ConocoPhillips, Diamondback Energy, and EOG Resources, are also exposed to commodity price volatility, similar to EQT [4] - ConocoPhillips has a solid production outlook due to its diversified upstream asset base across low-cost regions [5] - Diamondback Energy is enhancing productivity per well in the Midland Basin, likely leading to increased production volumes [6] - EOG Resources is recognized as a leading explorer and producer with a strong inventory of high-quality drilling wells [7]

EQT Corporation (EQT) announced plans to reverse some of the production cuts it implemented earlier this year, starting in October and November. This move comes in response to rising demand and higher natural gas prices, according to a Reuters report. Earlier in 2024, EQT and other U.S. gas producers scaled back production when natural gas prices dropped to multi-year lows. This price drop was compelled by an unusually mild winter, which led to an oversupply of gas in storage. EQT alone had reduced producti ...

Investment thesis: EQT (NYSE: EQT ) is a solid shale performer with an emphasis on natural gas production. Its stock price is down significantly due to external factors such as low natural gas prices. Recent data, forecasts, and trends suggest that natural Analyst's Disclosure: I/we have a beneficial long position in the shares of EQT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other tha ...

EQT Corporation (EQT) reported robust second-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased marginally since its earnings release on Jul 23. EQT Corporation is among the leading upstream energy players producing natural gas, with a solid footprint in the prolific Appalachian Basin. In the United States, it ranks as one of the largest natural gas producers in terms of average daily sales volumes. In the first quarter of this ye ...

Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, no par value EQT New York Stock Exchange COMMISSION FILE NUMBER: 001-03551 (412) 553-5700 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large ac ...

Adjusted operating revenues increased to $1.18 billion from $993 million in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $1.14 billion. As of Jun 30, 2024, the company had cash and cash equivalents of $29.9 million, and net debt worth $4.92 billion. The Zacks Consensus Estimate for HES' 2024 EPS is pegged at $10.98. The company has a Zacks Style Score of A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past seven days. Cash Flows SM ...

EQT Corporation (EQT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.17 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 57.89%. A quarter ago, it was expected that this company would post earnings of $0.65 per share when it actually produced earnings of $0.82, delivering a surprise of 26.15%. Over the last four quarters, the company has surp ...

PITTSBURGH, July 23, 2024 -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the second quarter of 2024. (1) A non-GAAP financial measure. See the Non-GAAP Disclosures section of this news release for the definition of, and other important information regarding, this non-GAAP financial measure. Second Quarter 2024 Earnings Webcast Information Diluted weighted average common shares outstanding 441,968 361,982 444,893 393,435 Diluted EPS $ 0.02 $ (0.18) $ 0.25 $ 2.94 Adjusted ...

PITTSBURGH, July 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the second quarter of 2024. Three Months Ended June 30, Second Quarter 2024 and Recent Highlights: Closed the acquisition of Equitrans Midstream Corporation (Equitrans) a full quarter ahead of plan, resulting in approximately $150 million of savings relative to initial expectations; accelerates synergy capture and the commencement of deleveraging plan Sales volume of 508 Bcfe, above th ...

In the last reported quarter, the company's earnings of 82 cents per share beat the Zacks Consensus Estimate of 65 cents, backed by higher sales volumes. EQT's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and met the same once, delivering an average surprise of almost 103.3%. This is depicted in the graph below. Factors to Consider With commodity prices having improved in the final month of the June quarter, production is likely to have increased, aiding the company's bo ...