Why EQT Stock Bumped Higher Today

A strong beat on the profitability front was the news pushing EQT's (EQT 0.85%) stock upward on Wednesday. That was the highlight of the natural gas producer's fourth-quarter report, and it helped its stock land in positive territory with a nearly 1% gain on the day. That topped the S&P 500 index's 0.2% increase.Fourth-quarter fallsEQT unveiled its fourth-quarter and full-year results after the closing bell Tuesday. The company's revenue for the quarter was $1.62 billion, a 20% year-over-year drop. GAAP net ...