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EQT

EQT Corporation

https://www.eqt.com

Industry

Oil & Gas Exploration & Production

EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLs), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania.

Open

42.88

Mkt cap

25B

Volume

4.7M

High

43.43

P/E Ratio

56.95

52-wk high

44.28

Low

42.45

Div yield

0.02

52-wk low

30.02

Shares of oil & gas companies are trading higher due to a rebound in oil prices and a weakened U.S. dollar.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:33 pm

Nearly half of S&P 500 stocks are trading below their 50-day moving average, indicating a divide in the market. Charter Communications, Archer-Daniels-Midland, and MarketAxess Holdings are the top three 'cheapest' stocks based on this metric. Conversely, NVIDIA, Meta Platforms, and Eli Lilly lead the 'richest' stocks, trading well above their 50-day averages. This disparity highlights the uneven recovery and bearish sentiment affecting a significant portion of the index.

Portfolio Pulse from Piero Cingari

February 14, 2024 | 5:49 pm

EQT shares are trading lower following the announcement of their Q4 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 4:03 pm

EQT Corp (NYSE:EQT) shares fell after reporting Q4 FY24 adjusted operating revenues of $1.549 billion, missing estimates of $1.571 billion, and adjusted EPS of $0.48, below the consensus of $0.52. Production increased to 564 Bcfe, with a decline in average realized price to $2.75/Mcfe. The company saw a rise in adjusted EBITDA to $840 million and announced an acquisition of a ~34% stake in EQT-operated gathering systems for $205 million. EQT expects 2024 sales volume of 2,200 - 2,300 Bcfe and plans $200 million - $300 million on strategic growth capital expenditures.

Portfolio Pulse from Lekha Gupta

February 14, 2024 | 1:35 pm

EQT shares are trading lower following the announcement of their Q4 financial results, which did not meet expectations.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:13 pm

EQT Corporation projects its total sales volume for 2024 to be between 2,200 and 2,300 billion cubic feet equivalent (Bcfe), with maintenance capital expenditures estimated to range from $1.95 billion to $2.05 billion.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:41 pm

EQT Corporation reported Q4 adjusted earnings of $0.48 per share, missing the consensus estimate of $0.52, and adjusted operating revenues of $1.55 billion, missing the estimate of $1.57 billion. Despite these misses, both earnings and revenues showed an increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 9:35 pm

EQT Corporation (NYSE:EQT) reported its Q4 earnings on February 13, 2024, missing estimated earnings by 7.69% with an EPS of $0.48 versus an estimate of $0.52. However, revenue increased by $232.00 million from the same period last year. In the previous quarter, EQT beat EPS estimates which led to a 1.88% increase in share price the following day.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:35 pm

Numerous companies are scheduled to report their quarterly earnings on February 13, 2024, with expectations spanning from significant profits to losses across various sectors. Key highlights include anticipated earnings from major corporations such as Coca-Cola, Shopify, Airbnb, and Biogen, reflecting a broad spectrum of industries from technology to consumer goods. The diversity in performance indicators underscores the varying financial health and market expectations for these entities.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 10:06 am

EQT Corporation (NYSE:EQT) is scheduled to release its quarterly earnings report on February 13, 2024. Analysts predict an EPS of $0.52. Historical data shows EQT has previously surpassed EPS estimates, leading to positive stock price movements. Shares are currently trading at $34.33, with a 13.38% increase over the last year. Investors are advised to watch for the earnings outcome and particularly the company's guidance for future quarters, as it can significantly impact the stock price.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

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