EQT Corporation (EQT) Releases Earnings Results, Beats Expectations By $0.05 EPS

EQT Corporation (EQT) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $-0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $-0.40. The company posted revenue of $127.53 million in the period, compared to analysts expectations of $448.83 million. The company’s revenue was down -71.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

EQT Corporation opened for trading at $74.01 and hit $74.96 on the upside on Thursday, eventually ending the session at $73.91, with a gain of 0.59% or 0.43 points. The heightened volatility saw the trading volume jump to 24,36,178 shares. Company has a market cap of $12,767 M.

Investors should note that on Jul 13, 2016, EQT Corporation announced a cash dividend of $0.0300. The company’s management has announced Aug 10, 2016 as the ex-dividend date and fixed the record date on Aug 12, 2016. The payable date has been fixed on Sep 1, 2016.

In a different news, on Jul 6, 2016, A. Bray Jr. Cary (director) purchased 277 shares at $77.43 per share price. According to the SEC, on Jul 5, 2016, Randall L Crawford (Senior Vice President) sold 4,981 shares at $77.21 per share price. On Nov 12, 2015, Theresa Z Bone (VP Fin and Chief Acct Officer) sold 14,095 shares at $66.75 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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