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]

Industry Overview - The global demand for cleaner fuel is increasing, leading to a rise in natural gas demand, particularly driven by the growth of data centers requiring substantial natural gas-powered electricity [1] - U.S. LNG exports are on the rise, indicating a growing global appetite for natural gas [1] Price Projections - The U.S. Energy Information Administration (EIA) forecasts natural gas spot prices to reach $3.40 per million BTU by 2025, an increase from $2.20 per million BTU last year, which is expected to benefit exploration and production companies [2][6] Company Highlights - EQT Corporation is a leading natural gas producer in the U.S., with a strong presence in the Appalachian basin, reporting $2 billion in cumulative free cash flows over the past three quarters, indicating robust financial health [3][6] - Kinder Morgan Inc. operates a vast pipeline network of approximately 66,000 miles, transporting about 40% of the natural gas produced in the U.S., positioning the company to benefit from the increasing demand for clean energy [4][6] - Antero Resources is a prominent upstream energy company in the Appalachian Basin, with a favorable production outlook due to its extensive drilling inventories, likely to benefit from rising natural gas prices [5]

Core Viewpoint - EQT Corporation is expected to report significant growth in quarterly earnings and revenues, with earnings per share projected at $0.47, a 291.7% increase year-over-year, and revenues forecasted at $1.71 billion, reflecting a 23.5% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised down by 7.7% over the last 30 days, indicating a reevaluation of initial estimates by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts predict 'Operating revenues- Pipeline, net marketing services and other' will reach $149.76 million, a year-over-year increase of 27.8% [5]. - 'Operating revenues- Sales of natural gas, natural gas liquids and oil' is expected to be $1.71 billion, indicating a 55.6% increase from the same quarter last year [5]. - 'Revenues from contracts with customers- NGLs sales' is estimated at $139.47 million, showing a slight decline of 0.2% year-over-year [6]. - 'Revenues from contracts with customers- Oil sales' are projected to be $16.67 million, reflecting a significant decrease of 21.2% year-over-year [6]. Sales Volume and Pricing - The consensus estimate for 'Average Sales Price - Oil price' is $51.00, down from $61.25 in the same quarter last year [7]. - Analysts expect 'NGLs, excluding ethane - NGLs price' to be $29.85, compared to $35.09 in the same quarter last year [7]. - 'Natural gas - Sales volume' is projected to reach 591,651.10 million cubic feet, an increase from 547,225.00 million cubic feet reported last year [8]. - The estimated 'Sales Volume - Total' is 628,248 million cubic feet equivalent, up from 581,414 million cubic feet equivalent year-over-year [8]. - The average daily sales volume is expected to be 6,829 million cubic feet equivalent per day, compared to 6,320 million cubic feet equivalent per day last year [9]. - 'Oil - Sales volume' is forecasted to reach 441 thousand barrels, an increase from 345 thousand barrels reported last year [9]. Additional Metrics - The average prediction for 'Average Sales Price - Ethane price' is $6.26, up from $5.56 in the same quarter last year [10]. - 'NGLs - Sales volumes (NGLs, excluding ethane and Ethane)' is projected to be 3,657 thousand barrels, slightly down from 3,710 thousand barrels reported last year [10]. Market Performance - EQT shares have returned +7.8% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change, although it holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near future [11].

Core Insights - EQT Corporation is a major player in the natural gas sector, with a market capitalization of $33.2 billion, involved in production, gathering, and transportation of natural gas and liquids [1] - The company is expected to report a significant profit increase in its upcoming fiscal Q3 earnings announcement, with analysts projecting earnings of $0.47 per share, a 291.7% rise from the previous year [2] Financial Performance - For the current fiscal year ending in December, EQT is anticipated to report earnings of $2.86 per share, reflecting a 77.6% increase from $1.61 per share in fiscal 2024 [3] - The company's quarterly revenue for Q2 was reported at $2.6 billion, marking a 168.5% increase year-over-year, driven by a 91.2% growth in natural gas, natural gas liquids, and oil sales [5] Stock Performance - EQT's stock has increased by 45.2% over the past 52 weeks, significantly outperforming the S&P 500 Index's 13.5% gain and the Energy Select Sector SPDR Fund's 5.5% decline [4] - Wall Street analysts have a positive outlook on EQT's stock, with a "Strong Buy" rating from 19 out of 26 analysts, and a mean price target of $64, indicating a potential upside of 20.2% [6]

Core Points - EQT Corporation announced a quarterly cash dividend of $0.165 per share, reflecting a five percent increase from the previous annualized dividend of $0.66 per share [1] Company Overview - EQT Corporation is a leading vertically integrated natural gas company in the United States, primarily focused on production and midstream operations in the Appalachian Basin [2] - The company emphasizes responsible development of its asset base, operational efficiency, technology, and sustainability [2] - EQT is committed to safety for employees, contractors, and communities, as well as reducing its environmental footprint [2]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for EQT Corporation, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to show quarterly earnings of $0.47 per share, reflecting a year-over-year increase of +291.7%, with revenues projected at $1.79 billion, up 29.7% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 4.32% over the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for EQT is lower than the consensus estimate, resulting in an Earnings ESP of -3.96%, suggesting bearish sentiment among analysts [12]. Historical Performance - In the last reported quarter, EQT exceeded the consensus EPS estimate, achieving earnings of $0.45 per share against an expectation of $0.44, resulting in a surprise of +2.27% [13]. Over the last four quarters, the company has consistently beaten consensus EPS estimates [14]. Investment Considerations - Despite the potential for an earnings beat, other factors may influence stock movement, and EQT does not currently appear to be a strong candidate for an earnings surprise, with a Zacks Rank of 4 indicating a bearish outlook [15][17].

Core Viewpoint - EQT Corporation is a leading natural gas producer in the U.S., focusing on the Appalachian Basin, with recent strategic moves expected to enhance its financial performance and market position [1][3]. Company Performance - EQT's recent acquisition of Olympus Energy assets is projected to boost its EBITDA by 21.14% and free cash flow by 24.5%, improving operational efficiency [3][6]. - The company's market capitalization is approximately $34.24 billion, indicating a substantial presence in the energy sector [4]. - EQT's stock has fluctuated over the past year, with a high of $61.02 and a low of $35.45, reflecting active investor interest with a trading volume of 2,521,002 shares today [4]. Stock Ratings and Price Targets - Scotiabank updated EQT's rating to "Sector Perform" and raised the price target from $68 to $70, reflecting cautious optimism about the company's future performance [2][6]. - Despite the price target increase, EQT's current stock price is $54.87, showing a decrease of approximately 2.74% from the previous day [2]. - EQT is rated a "buy" with a fair value target of $81.85, suggesting a potential 46.8% increase from its current stock price, based on robust profit growth and financial stability [5][6].

Group 1: Conagra Brands, Inc. - Conagra Brands trades at 10 times earnings with a 7.5% yield, indicating it may be oversold [1] - The company reported net sales of $2.63 billion, a decline of 5.8% year-over-year, and adjusted earnings per share of 39 cents, down 26.4% [2] - Wall Street analysts had expected net sales of $2.62 billion and earnings of 33 cents per share, showing that Conagra's results exceeded expectations despite the declines [2] Group 2: Veeva Systems Inc. - Veeva Systems broke out above $300, with shares gaining 2.2% to close at $306.22 [2][6] - TD Cowen analyst upgraded Veeva Systems from Hold to Buy and raised the price target from $297 to $380 [3] Group 3: PG&E Corporation - PG&E Corporation faced a significant drop earlier this year due to wildfires, but its liabilities are not as severe as the market anticipated, and it has good momentum [3] - PG&E is scheduled to hold a conference call on October 23 to discuss its third-quarter results [4] - PG&E shares gained 1% to settle at $16.20 during the session [6] Group 4: EQT Corporation - EQT was named as a final trade amid a recent surge in natural gas prices [4] - EQT plans to issue its third-quarter financial and operating results news release after the closing bell on October 21 [4] - EQT shares fell 0.1% to settle at $57.16 [6]

Final trade time. Tim Seymour, kick it off. Brian, it was it's always so good to have you.And tonight was just another example of that. Constellation Energy, I think you've got a lot of the same trends we talked about, but in a utility company with nuclear uh and in AI. Karen, yes, I'm going to agree with Timmy for my final trade.I love Lisa Sue, but I think this reaction in AMD was sort of overdone. I would be looking to sell some upside calls against the stock. Speaking of overdone, I think this Verizon 5 ...

Group 1 - Constellation Energy is highlighted for its trends in the utility sector, particularly in nuclear energy and AI [1] - AMD's stock reaction is considered overdone, suggesting a potential strategy of selling upside calls against the stock [2] - Verizon's 5% stock movement due to a CEO change is viewed as excessive [2] Group 2 - EQT is mentioned as a strong investment choice, indicating a positive outlook for the company [3]