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EQT Beats on Q3 Earnings but Misses on Revenues, Raises Q4 Outlook
ZACKS· 2024-10-30 23:15
EQT Corporation (EQT) reported third-quarter 2024 adjusted earnings from continuing operations of 12 cents per share, which beat the Zacks Consensus Estimate of 5 cents. The bottom line declined from the year-ago reported earnings of 30 cents per share. Adjusted operating revenues increased to $1.38 billion from $1.19 million in the prior-year quarter. However, the top line missed the Zacks Consensus Estimate of $1.43 billion. The better-than-expected quarterly earnings were driven by higher sales volume an ...
EQT Divests Remaining Stake in Pennsylvania Natural Gas Assets
ZACKS· 2024-10-30 23:10
EQT Corporation (EQT) has announced the sale of the remaining interest in its non-operated natural gas assets in northeast Pennsylvania. The company is reportedly selling its interest to Equinor ASA (EQNR) in a cash transaction worth $1.25 billion. The announcement came just a few months after EQT sold a 40% interest in the assets to EQNR in lieu of the latter's onshore asset in the Appalachian basin and $500 million in cash. EQT's Debt Burden EQT has mentioned that it will be using the cash proceeds from t ...
EQT Corporation (EQT) Q3 Earnings Top Estimates
ZACKS· 2024-10-30 06:45
EQT Corporation (EQT) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 140%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.08, delivering a surprise of 57.89%. Over the last four quarters, the company has s ...
EQT(EQT) - 2024 Q3 - Quarterly Results
2024-10-30 04:30
运营效率和成本管控 - 第三季度销售量581 Bcfe,超出指引上限,得益于持续的运营效率提升和良好的井产能[2] - 资本支出558百万美元,低于指引下限,得益于效率提升和中游及井场支出低于预期[2] - 总单位运营成本为每Mcfe1.14美元,低于指引下限,得益于作业费用和管理费用低于预期[2] 价格管理和差价优化 - 差价为每Mcf0.10美元,优于中点指引,得益于实时匹配供需并最大化价值[2] 资产优化和整合 - 宣布以12.5亿美元现金出售位于宾夕法尼亚东北部的剩余非运营天然气资产[18] - 整合Equitrans Midstream公司进度超过60%,已实现超过50%的基础协同效应[2] 可持续发展和排放管控 - 成为全球首家实现范围1和2温室气体排放净零的传统能源生产商[2] 财务表现 - 2024年前三季度公司调整后净收益为3.99亿美元,调整后每股收益为0.82美元[32] - 2024年前三季度公司调整后EBITDA为23.17亿美元,调整后EBITDA归属于EQT的部分为23.09亿美元[35] - 三个月内经营活动产生的净现金流为5.92亿美元,同比增加30.5%[39] - 九个月内经营活动产生的净现金流为20.71亿美元,同比下降19.0%[39] - 三个月内自由现金流为-1.25亿美元,同比下降4,723.5%[39] - 九个月内自由现金流为1.03亿美元,同比下降83.6%[39] - 三个月内总营业收入为12.84亿美元,同比增加8.2%[42] - 九个月内总营业收入为36.49亿美元,同比下降25.0%[42] - 三个月内生产调整后的营业收入为13.83亿美元,同比增加16.0%[42] - 九个月内生产调整后的营业收入为42.86亿美元,同比增加5.2%[42] - 三个月内总销售量为5.81亿立方英尺天然气当量,同比增加11.2%[42] - 九个月内总销售量为16.23亿立方英尺天然气当量,同比增加11.7%[42] - 截至2024年9月30日,公司净债务为137.05亿美元[44] - 2024年第三季度天然气、天然气液体和石油销售收入为10.998亿美元[54] - 2024年前三季度天然气、天然气液体和石油销售收入为32.932亿美元[54] - 2024年第三季度天然气平均价格(包括现金结算衍生品)为2.23美元/Mcf[56] - 2024年前三季度天然气平均价格(包括现金结算衍生品)为2.49美元/Mcf[56] - 2024年第三季度液体销售收入(包括现金结算衍生品)为1.604亿美元[56] - 2024年前三季度液体销售收入(包括现金结算衍生品)为4.999亿美元[56] - 2024年第三季度总销售量为581,414 MMcfe[56] - 2024年前三季度总销售量为1,622,976 MMcfe[56] - 2024年第三季度平均实现价格为2.38美元/Mcfe[56] - 2024年前三季度平均实现价格为2.64美元/Mcfe[56] 未来展望 - 2024年第四季度总销量预计555-605 Bcfe,流体销量预计545-590万桶[21] - 2024年第四季度资源配置包括1-2口顶部钻井、2口水平钻井和2-3支压裂车队[22] - 2024年第四季度中游收入预计为1.3亿美元至1.55亿美元[23] - 2024年第四季度Mountain Valley Pipeline分配收益预计为5000万美元至6000万美元,资本投入预计为7000万美元至8000万美元[23] - 2024年第四季度至2025年第四季度公司已对天然气价格进行了套期保值[26][27]
EQT Reports Third Quarter 2024 Results and Announces Non-Operated Asset Divestiture
Prnewswire· 2024-10-30 04:30
PITTSBURGH, Oct. 29, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies, de-risking more than 50% of total base plan synergies Sales volume of 581 Bcfe, above the high-e ...
EQT Plans to Sell Minority Stakes in Its Pipeline Assets for $3.5B
ZACKS· 2024-10-28 21:46
EQT Corporation (EQT) , a leading U.S.-based natural gas producer, is reportedly in talks with Blackstone, a major private equity (PE) firm, to sell minority stakes in its interstate natural gas pipelines, per Reuters. The transaction is valued at approximately $3.5 billion. The two companies are currently going through extensive discussions, and if everything falls in place, a deal might be finalized in the upcoming weeks, according to sources. This might ease a considerable amount of the debt burden on EQ ...
EQT Gears Up to Report Q3 Earnings: Here's What to Expect
ZACKS· 2024-10-24 22:36
文章核心观点 - EQT Corporation即将于10月29日发布2024年第三季度财报 [1] - 公司在上一个季度的业绩表现较好,盈利超出预期 [2] - 但第三季度的收益预计将下降56.67%,收入则增长18.3% [2] 行业和公司分析 行业分析 - 天然气价格同比下降,可能导致公司收入和利润率下降 [3][4] - 美国液化天然气出口受到瓶颈和停工影响,也可能导致国内天然气价格下跌 [4] 公司分析 - 公司专注于提高产量,预计天然气当量产量同比增长约6% [3] - 但由于价格下降,公司的收益和利润率可能受到挤压 [3] - 根据公司的评级和预期数据,本季度公司可能无法实现盈利超预期 [5]
EQT Achieves its Net Zero Scope 1 and Scope 2 GHG Emissions Target Ahead of 2025 Goal
Prnewswire· 2024-10-24 04:05
First Traditional Energy Producer of Scale in the World to Achieve Net Zero Scope 1 and Scope 2 GHG Emissions PITTSBURGH, Oct. 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT), America's leading producer of natural gas, today announced that it has achieved its commitment to reach net zero Scope 1 and Scope 2 greenhouse gas ("GHG") emissions1 across the company's legacy operations ahead of its 2025 goal. This milestone covers the entirety of EQT's upstream operations, inclusive of the recently acquired T ...
U.S. Gas Demand Hits New Highs: What Does it Mean for Investors?
ZACKS· 2024-10-10 22:45
In 2024, the United States has cemented its role as the world's leading driver of natural gas demand, with power producers significantly increasing gas-fired generation. Over the first nine months of the year, natural gas accounted for a record 46% of the total power generated in the country, reaching 55.6 million megawatt hours, according to LSEG data. This marks a 5% increase from the prior-year level and the highest gas output recorded since at least 2021. Despite global climate commitments and efforts t ...
Here's Why Investors Should Hold on to EQT Stock Right Now
ZACKS· 2024-10-07 22:16
EQT Corporation (EQT) has gained 1.2% in the past six months, outpacing the 0.9% improvement of the composite stocks belonging to the industry. What's Favoring the EQT Stock? EQT, a leading natural gas producer in North America, carries a Zacks Rank #3 (Hold) and has established a strong presence in the highly productive Appalachian Basin. With numerous prime drilling locations throughout this gas-rich region, the company's production prospects are robust. As natural gas is a cleaner-burning fossil fuel, EQ ...