EQT Corp. (EQT) Tops Q2 EPS by 11c, provides outlook

EQT Corp. (NYSE: EQT) reported Q2 EPS of ($0.08), $0.11 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $952.51 million versus the consensus estimate of $1.1 billion.

2024 Outlook:
The Company re-affirms its expectation of 2024 total sales volume of 2,100 – 2,200 Bcfe, which embeds approximately 180 Bcfe of net production curtailments in 2024, including 90 Bcfe in the second half of 2024. The Company maintains its 2024 EQT maintenance capital expenditures guidance of $1,950 – $2,050 million. The Company also maintains its 2024 strategic growth capital expenditures guidance of $200 – $300 million, which targets opportunistic, high-return water, midstream and other infrastructure and land opportunities. Following the close of the Equitrans acquisition, the Company expects to spend $180 – $230 million in the balance of 2024 for Equitrans capital expenditures.

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

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• DXL board reviews revised $0.84-per-share takeover bid from Zodiac
• Alphabet to replace Verizon in the Dow Jones Industrial Average