EQT Corporation (EQT) Releases Earnings Results, Beats Expectations By $0.14 EPS

EQT Corporation (EQT) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $-0.07. The company posted revenue of $478.00 million in the period, compared to analysts expectations of $537.65 million. The company’s revenue was down -25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on EQT Corporation. EQT Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 2, 2016. EQT Corporation was Downgraded by Sun Trust Rbsn Humphrey to ” Neutral” on Feb 25, 2016. EQT Corporation was Resumed by Sun Trust Rbsn Humphrey to “Buy” on Feb 2, 2016.

EQT Corporation opened for trading at $69.98 and hit $72.52 on the upside on Wednesday, eventually ending the session at $72.44, with a gain of 4.52% or 3.13 points. The heightened volatility saw the trading volume jump to 25,18,953 shares. Company has a market cap of $11,052 M.

In a different news, on Apr 5, 2016, A. Bray Jr. Cary (director) purchased 357 shares at $67.26 per share price. According to the SEC, on Nov 12, 2015, Theresa Z Bone (VP Fin and Chief Acct Officer) sold 14,095 shares at $66.75 per share price. On Aug 7, 2015, Randall L Crawford (Senior Vice President) sold 87,000 shares at $75.24 per share price, according to the Form-4 filing with the securities and exchange commission.

EQT Corporation (EQT) is an energy company. The Company operates in two business segments: EQT Production and EQT Midstream. EQT Production is a natural gas producer in the Appalachian Basin with approximately 10.7 trillion cubic feet equivalent (Tcfe) of proved natural gas natural gas liquids (NGLs) and crude oil reserves across approximately 3.4 million acres including around 630000 gross acres in the Marcellus play. Its proved reserves include Lower Huron Cleveland Berea sandstone and other Devonian age formations. EQT Midstream assets are located in the Marcellus Shale region spanning an area of southwestern Pennsylvania and northern West Virginia. EQT Midstream provides gathering transmission and storage services for its produced gas and for the independent third parties across the Appalachian Basin.

EQT Corporation

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