Core Insights - EQT Corporation reported strong operational performance in Q4 2024, achieving nearly $600 million in free cash flow despite lower natural gas prices, driven by efficiency gains and robust well performance [4][8][30] - The company anticipates continued momentum into 2025, with production guidance set at 2,175 – 2,275 Bcfe, reflecting an increase of 125 Bcfe from prior expectations [4][30] - EQT's integration of Equitrans is nearly complete, with significant synergies already realized, contributing to the company's low-cost operational platform [4][8][20] Fourth Quarter 2024 Financial and Operational Performance - Total sales volume reached 605 Bcfe, a 41 Bcfe increase from Q4 2023, with an average realized price of $3.01 per Mcfe, up $0.26 from the previous year [7][8] - Net income attributable to EQT was $418 million, down from $502 million in Q4 2023, while adjusted net income increased to $416 million from $214 million [7][10] - Free cash flow for the quarter was $588 million, with net cash provided by operating activities totaling $756 million [9][10] Full Year 2024 Financial and Operational Performance - Total sales volume for 2024 was 2,228 Bcfe, up 212 Bcfe from 2023, with an average realized price of $2.74 per Mcfe, a slight decrease from $2.79 [11][12] - Net income attributable to EQT for the year was $231 million, significantly down from $1.735 billion in 2023, while adjusted net income was $827 million compared to $960 million [11][12] - Free cash flow for 2024 was $695 million, down from $858 million in 2023 [11][12] 2025 Outlook Highlights - The company expects maintenance capital expenditures of $1,950 – $2,120 million and growth capital of $350 – $380 million in 2025 [30][32] - Projected free cash flow for 2025 is approximately $2.6 billion, with expectations to exit the year with around $7 billion in net debt [8][30] - The company plans to reduce frac crews from three to two by the end of Q1 2025, ahead of schedule due to improved completion efficiencies [8][30] Proved Reserves - EQT reported total proved reserves of 26.3 Tcfe for 2024, a decrease of 5% from 2023, primarily due to asset sales and production [20][21] - The majority of the company's proved reserves are located in the Marcellus Shale, with 90% of total proved developed reserves in this region [21][22] - The company’s proved undeveloped reserves decreased by 7% compared to 2023, influenced by changes in the development schedule [20][21] Liquidity and Debt - As of December 31, 2024, total debt was $9.3 billion, with net debt at $9.1 billion, reflecting an increase from $5.8 billion and $5.7 billion, respectively, in 2023 [18][20] - The company had $0.2 billion in borrowings under its $3.5 billion revolving credit facility, with total liquidity of $3.6 billion [18][20]

The upcoming report from EQT Corporation (EQT) is expected to reveal quarterly earnings of $0.50 per share, indicating an increase of 4.2% compared to the year-ago period. Analysts forecast revenues of $1.73 billion, representing an increase of 12% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 11.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a co ...

The market expects EQT Corporation (EQT) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 18, 2025, might help the stock move higher if these key numb ...

The sale resulted in gross proceeds of c. USD177 million NEW YORK, Feb. 3, 2025 /PRNewswire/ -- An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of the sale (the "Sale") of c. 3.7 million shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of c. USD177 million. The Sale was made on January 30, 2025, pursuant to Rule 144 of the Securities Act of 1933, as amended. Goldman Sachs & Co ...

PITTSBURGH, Jan. 13, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) plans to issue its fourth quarter and year-end 2024 financial and operating results news release after market close on Tuesday, February 18, 2025, and will host a conference call to review the results and other relevant matters on Wednesday, February 19, 2025, beginning at 10:00 a.m. ET. A brief Q&A session for securities analysts will immediately follow the discussion.To access the live audio webcast of the conference call, visit EQT's i ...

PITTSBURGH, Dec. 30, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) (together with its subsidiaries, "EQT") announced today that it has closed on the formation and funding of its previously announced midstream joint venture ("JV") with an affiliate of Blackstone Credit & Insurance ("BXCI"; Blackstone (NYSE: BX)).  EQT received $3.5 billion of cash consideration, net of certain transaction fees and expenses, from BXCI in exchange for a non-controlling common equity interest in the JV. EQT used the proceeds ...

The offering resulted in gross proceeds of USD232,925,000 NEW YORK, Dec. 13, 2024 /PRNewswire/ -- An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of an underwritten public offering (the "Offering") of 5,500,000 shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of USD232,925,000. Goldman Sachs & Co. LLC and J.P. Morgan acted as the underwriters for the Offering, which was comple ...

It has been about a month since the last earnings report for EQT Corporation (EQT) . Shares have added about 17.4% in that time frame, outperforming 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's Q3 Earnings Top EstimatesUpstream Business of ...

EQT Corporation (EQT) has announced a $3.5 billion midstream joint venture with funds managed by Blackstone Credit & Insurance (“BXCI”). The partnership involves EQT’s ownership interests in several high-quality, contracted midstream assets, including Mountain Valley Pipeline, LLC (Series A), FERC-regulated transmission and storage assets and the Hammerhead Pipeline.Under the agreement, BXCI will acquire a non-controlling common equity stake in the joint venture (JV). EQT will retain rights to future growth ...

Offer to Purchase for CashUp to $1.275 Billion Aggregate Purchase Price for 6.500% Senior Notes due 2048, 5.500% Senior Notes due 2028, 4.50% Senior Notes due 2029 and 7.500% Senior Notes due 2030Solicitation of Consents to Proposed Reporting Amendments to the Indentures Governing6.500% Senior Notes due 2048 and 5.500% Senior Notes due 2028PITTSBURGH, Nov. 25, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) ("EQT" and, collectively with its subsidiaries, the "Company") today announced that its indirect who ...