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EQT Advances into Phase 1 Planning of Clean Hydrogen Project
Prnewswire· 2024-07-31 22:36
EQT, together with its peers in the Appalachian Regional Clean Hydrogen Hub, have advanced to Phase 1 Award Status from the U.S. Department of Energy PITTSBURGH, July 31, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its strategic plans to produce clean hydrogen and low carbon aviation fuel (LCAF) from its low emissions Appalachian natural gas will advance into Phase 1 planning following the execution of a cooperative agreement between the Appalachian Regional Clean Hydrogen Hub (ARC ...
EQT's Q2 Earnings Top Estimates on Gas Equivalent Production
ZACKS· 2024-07-25 14:15
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 ...
EQT(EQT) - 2024 Q2 - Quarterly Report
2024-07-24 20:16
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 ...
EQT(EQT) - 2024 Q2 - Earnings Call Transcript
2024-07-24 18:20
EQT Corporation (NYSE:EQT) Q 2024 Earnings Conference Call July 24, 2024 10:00 AM ET Company Participants Cameron Horwitz - Managing Director, Investor Relations and Strategy Toby Rice - President and Chief Executive Officer Jeremy Knop - Chief Financial Officer Conference Call Participants Arun Jayaram - J.P. Morgan Doug Leggate - Wolfe Research Neil Mehta - Goldman Sachs Scott Hanold - RBC Capital Markets Corp. Josh Silverstein - UBS Roger Read - Wells Fargo David Deckelbaum - TD Cowen Kevin MacCurdy - Pi ...
EQT(EQT) - 2024 Q2 - Earnings Call Presentation
2024-07-24 13:40
MODERN, DATA-DRIVEN OPERATING MODEL › Drives a culture of organizational transparency to maximize operating efficiencies › Super-charges the speed and quality of acquisition integrations with a proven track record ESG LEADERSHIP, LOW EMISSIONS INTENSITY › Entrepreneurial management team with proven track record and outperformance › Peer-leading emissions reduction targets, targeting net zero(2) by or before 2025 1. FCF breakeven is defined as the average Henry Hub price needed to generate positive free cash ...
EQT Q2 Earnings Beat Estimates on Strong Sales, Lower Expenses
ZACKS· 2024-07-24 13:05
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: This Quarter May Mark A Stock Price And Earnings Bottom
Seeking Alpha· 2024-07-24 07:57
bjdlzx Dramatic Reduction in Rigs Leads to Lower Production Lower 48 Production 100.6 B4 o Resources (NYSE: AR) Lower rig counts almost "insure" that the supply of natural gas keeps falling. Most of the industry must cater to a market demand to "live within means". Additionally, there has been a wave of mergers that has also served to reduce the rig count. However, the major point is that the natural gas supply will keep dropping for the time being until natural gas prices recover. It may be a little bumpy ...
EQT Corporation (EQT) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2024-07-23 22:40
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 ...
EQT(EQT) - 2024 Q2 - Quarterly Results
2024-07-23 20:30
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 ...
EQT Reports Second Quarter 2024 Results
Prnewswire· 2024-07-23 20:30
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 ...