EQT (EQT) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - EQT Corporation reported revenue of $1.6 billion for the quarter ended June 2025, reflecting a 35.2% increase year-over-year, but fell short of the Zacks Consensus Estimate by 10.81% [1] - The earnings per share (EPS) was $0.45, a significant improvement from -$0.08 in the same quarter last year, with a slight EPS surprise of 2.27% over the consensus estimate of $0.44 [1] Financial Performance Metrics - Average natural gas price was $2.69, below the five-analyst average estimate of $2.77 [4] - Average daily sales volume totaled 6,244.00 MMcfe/D, slightly above the estimated 6,180.37 MMcfe/D [4] - NGLs price was reported at $35.86, significantly higher than the estimated $27.54 [4] - Oil price averaged $51.70, exceeding the average estimate of $46.22 [4] - Natural gas sales volume reached 534,441.00 MMcf, surpassing the estimate of 528,596.80 MMcf [4] - Total sales volume was 568,227.00 MMcfe, compared to the estimated 563,377.60 MMcfe [4] - Operating revenues from pipeline, net marketing services, and other sources were $137.26 million, a remarkable increase of 8158.5% year-over-year, exceeding the average estimate of $91.74 million [4] - Oil sales revenue was $16.19 million, slightly below the average estimate of $18.36 million, representing a year-over-year decline of 15.1% [4] - Operating revenues from natural gas, natural gas liquids, and oil totaled $1.7 billion, surpassing the estimate of $1.62 billion and reflecting a 91.2% increase year-over-year [4] - NGLs sales revenue was $145.1 million, slightly above the average estimate of $141.4 million, marking a 3.8% year-over-year increase [4] - Total natural gas and liquids sales, including cash settled derivatives, reached $1.6 billion, exceeding the estimated $1.51 billion [4] - Natural gas sales revenue was $1.54 billion, above the average estimate of $1.48 billion, representing a substantial year-over-year increase of 110.7% [4] Stock Performance - EQT's shares have returned -10.5% over the past month, contrasting with the Zacks S&P 500 composite's +4.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]