Financial Data and Key Metrics Changes - The company generated $484 million in free cash flow for the third quarter, net of $21 million in one-time costs related to the Olympus transaction [5] - Cumulative free cash flow attributable to the company exceeded $2.3 billion over the past four quarters, with natural gas prices averaging $3.25 per million Btu [5] - The net debt balance at the end of the quarter was just under $8 billion, with a target maximum of $5 billion total debt [12] Business Line Data and Key Metrics Changes - Production was near the high end of guidance despite price-related curtailments, benefiting from robust well productivity and compression project outperformance [5] - Operating costs were lower than expected, resulting in record low total cash cost per unit [6] - Capital spending was approximately $70 million below the midpoint of guidance, supported by upstream efficiency gains and midstream optimization [6] Market Data and Key Metrics Changes - Demand for Appalachian natural gas remains strong, with the MVP Boost project oversubscribed by 20%, increasing capacity to over 600,000 dekatherms per day [9] - The futures market is tightening, with M2 basis futures in 2029 and 2030 tightening by more than $0.20 over the past few months [10] - The U.S. is expected to exit 2025 with over 4 Bcf per day of incremental LNG demand compared to year-end 2024 [19] Company Strategy and Development Direction - The company is focused on integrating the Olympus Energy acquisition and has achieved significant operational improvements [7] - There is a strong emphasis on expanding the growth project pipeline, particularly in in-basin power projects and infrastructure to service new load growth in Appalachia [8] - The company aims to maintain a low-cost structure and is committed to returning cost structure improvements to shareholders through increased dividends and share buybacks [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of the business and the quality of the company's low-cost structure [11] - The company anticipates a tightening supply picture emerging into 2026 and 2027, supporting a more durable recovery in U.S. gas prices [21] - There is a cautious outlook regarding potential oversupply in the LNG market later this decade, which could temporarily back up gas supply into U.S. storage [22] Other Important Information - The company increased its base dividend by 5% to $0.66 per share on an annualized basis [12] - The company has signed offtake agreements with Sempra's Port Arthur, Next Decade's Rio Grande, and Commonwealth LNG, beginning in the 2030 and 2031 timeframe [13][14] Q&A Session Summary Question: Key demand takeaways from the MVP Boost open season - The MVP Boost project saw 100% of shipping capacity taken by utilities, indicating a strong demand pull environment [28] Question: Strategic midstream capital spending outlook for 2026 - The company is still evaluating midstream capital spending and will be disciplined based on project quality [29][30] Question: Trends in commercial opportunities and pricing structure - The company is seeing a robust opportunity pipeline and anticipates entering into more fixed pricing structures in the future [36][37] Question: LNG strategy and direct customer sales evolution - The company has been laying groundwork for LNG and is focused on building out systems and long-term sales agreements with international customers [41] Question: Marketing optimization and its sustainability - The company is optimistic about the marketing team's potential and expects consistent performance, especially during periods of market volatility [52] Question: Balance sheet priorities versus share buybacks - The company prioritizes reducing net debt while remaining open to share buybacks when capacity allows [55] Question: Maintenance production outlook for 2026 - The company expects maintenance production to be approximately flat compared to the exit rate of 2025 [88] Question: Updates on smaller projects and pipeline expansions - The company plans to advance projects like the Clarington Connector in the 2026 budget [92]

EQT Corp (NYSE:EQT) Q3 2025 Earnings Call October 22, 2025 10:00 AM ET Speaker2Good morning and welcome to the EQT Third Quarter 2025 Quarterly Results Conference Call. All participants are in a listen-only mode. After the speaker's remarks, we will conduct a question-and-answer session. To ask a question at this time, you will need to press star, followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Cameron Horw ...

Investor Presentation Third Quarter 2025 Results EQT Corporation (NYSE: EQT) 625 Liberty Avenue, Suite 1700 Pittsburgh, PA 15222 Investor Contact TRUST • TEAMWORK • HEART • EVOLUTION 1 October 21, 2025 Cautionary Statements The Securities and Exchange Commission ("SEC") permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves that a company anticipates as of a given date to be economically and legally producible and deliverable by application of d ...

分组1 - EQT Corporation reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and showing a significant increase from $0.12 per share a year ago, representing an earnings surprise of +10.64% [1] - The company achieved revenues of $1.75 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.60%, and up from $1.38 billion in the same quarter last year [2] - EQT has consistently outperformed consensus EPS estimates over the last four quarters, achieving this four times [2] 分组2 - The stock has gained approximately 22.4% since the beginning of the year, outperforming the S&P 500's gain of 14.5% [3] - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $2.09 billion, and for the current fiscal year, it is $2.86 on revenues of $7.55 billion [7] - The Zacks Industry Rank for Oil and Gas - Exploration and Production - United States is currently in the bottom 12% of over 250 Zacks industries, indicating potential challenges for the sector [8]

U.S.-based energy company EQT Corp beat Wall Street estimates for third-quarter profit on Tuesday, benefiting from higher natural gas prices and sales volumes. ...

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

EQT Reports Third Quarter 2025 Results PITTSBURGH, October 21, 2025 -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2025. Third Quarter 2025 Results: Recent Highlights: President and CEO Toby Z. Rice stated, "Third quarter results built upon EQT's extensive track record of delivering operational and financial outperformance. Production, operating expenses, capital spending and price realizations were all at the favorable end of guidance, highlighting ...

Accessibility StatementSkip Navigation PITTSBURGH, Oct. 21, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2025. Third Quarter  2025 Results: Recent Highlights: President and CEO Toby Z. Rice stated, "Third quarter results built upon EQT's extensive track record of delivering operational and financial outperformance. Production, operating expenses, capital spending and price realizations were all at the favorable end of guidance, ...

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...

Core Insights - EQT Corporation has a strong track record of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 8.98% [1][5] - The most recent earnings report showed EQT earning $0.45 per share, surpassing the Zacks Consensus Estimate of $0.44 per share by 2.27% [2] - In the previous quarter, EQT reported earnings of $1.18 per share against an expectation of $1.02 per share, resulting in a surprise of 15.69% [2] Earnings Estimates - There has been a favorable shift in earnings estimates for EQT, indicated by a positive Earnings ESP (Expected Surprise Prediction) [5] - The current Earnings ESP for EQT is +1.82%, suggesting analysts have recently become more optimistic about the company's earnings prospects [8] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] Earnings Release Information - The next earnings report for EQT is expected to be released on October 21, 2025 [8] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]