EQT Corp. (EQT) Misses Q2 EPS by 4c

Before the open, EQT Corp. (NYSE: EQT) reported Q2 adjusted EPS of $0.01, $0.04 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $433.17 million versus the consensus estimate of $477.5 million.

Highlights:

• Production sales volume was 34% higher
• Midstream gathering revenue was 35% higher
• Midstream transmission revenue was 19% higher
• Realized natural gas price was 40% lower
• Successful IPO of EQT GP Holdings, LP
• Cash balance of $2 billion (excluding EQM)
• A $1.5 billion undrawn, unsecured revolver

For earnings history and earnings-related data on EQT Corp. (EQT) click here.

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