EQT's Q2 Earnings Top Estimates on Gas Equivalent Production

Zacks07-25

EQT Corporation EQT reported robust second-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased marginally since its ...

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The stock price has increased marginally since its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/eqts-q2-earnings-top-estimates-131100504.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EQT's Q2 Earnings Top Estimates on Gas Equivalent Production</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEQT's Q2 Earnings Top Estimates on Gas Equivalent Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 21:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/eqts-q2-earnings-top-estimates-131100504.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EQT Corporation EQT reported robust second-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased marginally since its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/eqts-q2-earnings-top-estimates-131100504.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KMI","symbol_name":"金德尔摩根","start_time":0,"source_url":"https://finance.yahoo.com/news/eqts-q2-earnings-top-estimates-131100504.html","article_id":"2454872473","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Bb3HhzvR12atkV.H1bCxmg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/f2386bab33b7b86b8371993cc9af867a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454872473","pubTimestamp":1721913060,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"EQT Corporation EQT reported robust second-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased marginally since its earnings release on Jul 23.Before delving into the recently reported quarterly results, let’s understand the large natural gas exploration and production company’s business.EQT Corporation is among the leading upstream energy players producing natural gas, with a solid footprint in the prolific Appalachian Basin. In the United States, it ranks as one of the largest natural gas producers in terms of average daily sales volumes. In the first quarter of this year, the company’s total sales volumes were recorded at 534 billion cubic feet equivalent, the majority of which is natural gas.The natural gas producer, carrying a Zacks Rank #3 , incurred a second-quarter 2024 adjusted loss from continuing operations of 8 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 19 ce","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"KMI":"金德尔摩根","EQT":"EQT能源","MTDR":"Matador Resources"},"translate_title":"殷拓第二季度收益对天然气当量产量的最高预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQT":1,"KMI":0.9,"MTDR":0.9},"content_text":"EQT Corporation EQT reported robust second-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased marginally since its earnings release on Jul 23.\nBefore delving into the recently reported quarterly results, let’s understand the large natural gas exploration and production company’s business.\nUpstream Business\nEQT Corporation is among the leading upstream energy players producing natural gas, with a solid footprint in the prolific Appalachian Basin. In the United States, it ranks as one of the largest natural gas producers in terms of average daily sales volumes. In the first quarter of this year, the company’s total sales volumes were recorded at 534 billion cubic feet equivalent, the majority of which is natural gas.\nStrong Q2 Results\nThe natural gas producer, carrying a Zacks Rank #3 (Hold), incurred a second-quarter 2024 adjusted loss from continuing operations of 8 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 19 cents. The bottom line was also narrower than the year-ago quarter’s reported loss of 17 cents. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nAdjusted operating revenues increased to $1.18 billion from $993 million in the prior-year quarter. The top line also beat the Zacks Consensus Estimate of $1.14 billion.\nThe strong quarterly results were driven by higher gas equivalent sales volume.\n\nEQT Corporation Price, Consensus and EPS Surprise\n\nEQT Corporation price-consensus-eps-surprise-chart | EQT Corporation Quote\n\nOperational Performance\nProduction\nSales volume increased to 508 billion cubic feet equivalent (Bcfe) from the year-ago quarter’s level of 471 Bcfe. The reported figure also beat our estimate of 499.2 Bcfe.\nNatural gas sales volume was 474.1 Bcf, up from 449.7 Bcf in the year-ago quarter. The figure also beat our estimate of 470.9 Bcf.\nThe total liquid sales volume was 5,573 thousand barrels (MBbls), up from the year-ago period’s level of 3,530 MBbls. The figure exceeded our projection of 4,703.6 MBbls.\nCommodity Price Realizations\nThe average realized price was $2.33 per thousand cubic feet of natural gas equivalent (Mcfe), up from the year-ago quarter’s level of $2.11 per Mcfe.\nThe average natural gas price, including cash-settled derivatives, was $2.16 per Mcf, which increased year over year from $2.03.\nThe natural gas sales price was $2.02 per Mcf, lower than the year-ago quarter’s reported number of $2.20. However, oil price was $61.96 per barrel compared with the year-ago quarter’s figure of $49.71.\nPerformance of Other Energy Players\nKinder Morgan, Inc. KMI, SLB SLB and Matador Resources Company MTDR are three energy companies that have also reported second-quarter earnings. While Kinder Morgan met the Zacks Consensus Estimate of earnings, SLB and Matador Resources beat the mark.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSchlumberger Limited (SLB) : Free Stock Analysis Report\nEQT Corporation (EQT) : Free Stock Analysis Report\nKinder Morgan, Inc. (KMI) : Free Stock Analysis Report\nMatador Resources Company (MTDR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454872473"}