EQT(EQT)
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EQT Declares Quarterly Cash Dividend
Prnewswire· 2024-07-16 20:15
Core Viewpoint - EQT Corporation has declared a quarterly cash dividend of $0.1575 per share, payable on September 1, 2024, to shareholders of record on August 7, 2024 [1] Company Overview - EQT Corporation is a leading independent natural gas production company with operations primarily in the Appalachian Basin [3] - The company focuses on responsibly developing its asset base and aims to be the operator of choice for stakeholders [3] - EQT emphasizes operational efficiency, technology, and sustainability in its production processes [3] - The company is committed to the safety of employees, contractors, and communities, as well as reducing its overall environmental footprint [3] - Core values of trust, teamwork, heart, and evolution guide the company's operations and interactions [3]
Will EQT Corporation (EQT) Report Negative Earnings Next Week? What You Should Know
ZACKS· 2024-07-16 15:07
Core Viewpoint - The market anticipates EQT Corporation to report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2024, with a focus on how actual results compare to estimates [1][2]. Revenue and Earnings Estimates - The consensus estimate indicates a quarterly loss of $0.09 per share, reflecting a year-over-year change of +47.1% [3]. - Revenues are projected to reach $1.2 billion, representing a 20.8% increase from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 83.84% higher in the last 30 days, indicating a significant reassessment by analysts [5]. - The Most Accurate Estimate for EQT is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -14.16%, suggesting a bearish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with a strong predictor being a positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 [9][10]. - EQT currently holds a Zacks Rank of 2, but the negative Earnings ESP complicates the prediction of an earnings beat [12][13]. Historical Performance - In the last reported quarter, EQT exceeded the expected earnings of $0.65 per share, achieving $0.82, resulting in a surprise of +26.15% [14]. - Over the past four quarters, EQT has beaten consensus EPS estimates three times [15]. Conclusion - While EQT may not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [18].
After Plunging -11.25% in 4 Weeks, Here's Why the Trend Might Reverse for EQT (EQT)
ZACKS· 2024-07-10 14:37
EQT Corporation (EQT) has been on a downward spiral lately with significant selling pressure. After declining 11.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. How to Determine if a Stock is Oversold We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether ...
The 3 Best Natural Gas Stocks to Buy Now: July Edition
Investor Place· 2024-07-10 11:30
Cheniere Energy (NYSE:LNG) is another natural gas company to buy at attractive valuations. LNG stock trades at a forward P/E of 21.5x and offers a dividend yield of 1%. It's worth noting that EQT has 30-years of de-risked inventory and approximately 4,000 de-risked locations. This provides clear revenue and cash flow visibility for the coming years. An important point to note is that the company's free cash flow break-even is just above $2.5/MMBtu. This underscores my view on healthy cash flows as natural g ...
EQT Corporation Schedules Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-07-01 20:15
Company Overview - EQT Corporation is a leading independent natural gas production company focused on operations in the Appalachian Basin [2] - The company is dedicated to responsibly developing its world-class asset base and aims to be the operator of choice for stakeholders [2] - EQT emphasizes operational efficiency, technology, and sustainability in its production processes, striving to produce environmentally responsible, reliable, and low-cost energy [2] Upcoming Financial Results - EQT plans to issue its second quarter financial and operating results news release after market close on July 23, 2024 [1] - A conference call to review the results and other relevant matters will take place on July 24, 2024, at 10:00 a.m. ET, followed by a Q&A session for securities analysts [1] Investor Relations - The live audio webcast of the conference call can be accessed through EQT's investor relations website [2] - A replay of the conference call will be archived and available for one year after the live event [2] - Investor contact for EQT is Cameron Horwitz, Managing Director of Investor Relations & Strategy [2]
Summertime Blues: 3 Stocks to Sell When It's Hot Outside
Investor Place· 2024-06-25 17:30
Which stocks should investors sell this summer? This question can be connected to a classic Wall Street phrase — "sell in May and go away" — which suggests that getting out of the market in May and returning in November is a good strategy for investors. Of course, buying and selling the market based on an adage alone isn't wise. But much analysis has been done on this idea. Historical evidence shows that, on average, the months from May to October have the weakest performance. But does that mean there is no ...
EQT Releases 2023 Environmental, Social and Governance Report
Prnewswire· 2024-06-25 10:40
Core Viewpoint - EQT Corporation emphasizes its commitment to environmental sustainability and its role in the energy transition, showcasing significant achievements in reducing emissions and promoting natural gas as a cleaner energy source [2][12]. Environmental - EQT has reduced its Scope 1 methane emissions intensity to below 0.02% and achieved a 70% reduction in Scope 1 greenhouse gas (GHG) emissions intensity since 2018, surpassing its targets a year ahead of schedule [12]. - The company aims to achieve net zero Scope 1 and Scope 2 GHG emissions by 2025 [12]. - EQT recycled 96% of produced water and was awarded a "Gold Standard" rating by the United Nations' Oil & Gas Methane Partnership for its methane reduction efforts [13]. Social - In 2023, EQT generated approximately $1.1 billion in gross domestic product (GDP) and paid $795 million in royalties to local landowners [14]. - The company invested over $56 million in local communities and its employees volunteered over 16,100 hours in community service [14]. - EQT was recognized as a USA Top Workplace for the third consecutive year [14]. Governance - ESG-related performance metrics are integrated into EQT's executive compensation programs, with 25% of Short-Term Incentive Plan funding linked to ESG measures [15]. - The Board of Directors includes over half female directors and 9% racially/ethnically diverse members [15]. - EQT maintained a "AA" ESG Rating from MSCI in 2023, reflecting its effective management of ESG risks [15].
EQT Exeter to Acquire Five-Million-Square-Foot Industrial Assemblage from Prologis
prnewswire.com· 2024-05-29 11:49
Acquisition reflects EQT Exeter's conviction in the industrial sector and emphasis on investing behind high-quality assets across the globe Assemblage is strategically located along key logistics routes in the major metropolitan area of Minneapolis-St. Paul EQT Exeter will leverage its unique, vertically-integrated operating platform to upgrade, reposition and re-lease the Assemblage PHILADELPHIA, May 29, 2024 /PRNewswire/ -- EQT Exeter, a leading global real estate investment manager, today announced that ...
Why Is EQT (EQT) Up 4.5% Since Last Earnings Report?
zacks.com· 2024-05-23 16:36
It has been about a month since the last earnings report for EQT Corporation (EQT) . Shares have added about 4.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is EQT due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. EQT Q1 Earnings Top Estimates on Higher Sales Vol ...
EQT CEO Raises Concerns Over Proposed Carbon Capture Regulations
zacks.com· 2024-05-21 17:30
EQT Corporation (EQT) CEO Toby Rice expressed enthusiasm about the current trends in the natural gas market but voiced concerns over proposed regulatory changes by the Biden administration that could potentially hinder U.S. energy growth. Speaking in an interview with CNBC on Monday, Rice highlighted the potential impact of new regulations that would mandate carbon capture technology for more than 90% of coal and natural gas facilities by 2032. The Biden administration is proposing new regulations that woul ...