EQT Stock Recent News

EQT Corporation (EQT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.17 per share a year ago.

PITTSBURGH , July 23, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the second quarter of 2024. Second Quarter  2024 and Recent Highlights: Closed the acquisition of Equitrans Midstream Corporation (Equitrans) a full quarter ahead of plan, resulting in approximately $150 million of savings relative to initial expectations; accelerates synergy capture and the commencement of deleveraging plan Sales volume of 508 Bcfe, above the high-end of guidance driven by continued operational efficiency gains and strong well performance Capital expenditures of $576 million, below the midpoint of guidance despite faster activity pace; recent developments show a step change improvement in completion efficiency with potential for structurally lower well costs Total per unit operating costs of $1.40 per Mcfe, below the low-end of guidance driven by lower-than-expected LOE and SG&A expense Higher-than-expected southeast gas prices via Mountain Val

PITTSBURGH , July 22, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced it has closed its acquisition of Equitrans Midstream Corporation (Equitrans). The merger of EQT and Equitrans creates America's only large-scale, vertically integrated natural gas business.

OVERLAND PARK, KS / ACCESSWIRE / July 22, 2024 / Tortoise today announced that Equitrans Midstream Corp (NYSE:ETRN) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by EQT Corp (NYSE:EQT). As a result of the acquisition, ETRN will be removed from both indices at market open on Monday, July 22, 2024.

With commodity prices having improved in the final month of the June quarter, production is likely to have increased, aiding EQT's Q2 earnings.

PITTSBURGH , July 16, 2024 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its Board of Directors declared a quarterly cash dividend of $0.1575 per share, payable on September 1, 2024, to shareholders of record at the close of business on August 7, 2024. Investor Contact Cameron Horwitz Managing Director, Investor Relations & Strategy412.445.8454 Cameron.Horwitz@eqt.com About EQT Corporation EQT Corporation is a leading independent natural gas production company with operations focused in the Appalachian Basin.

EQT (EQT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

EQT (EQT) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

AI data centers use a lot of electricity, which could fuel demand for natural gas in the coming years. EQT's low-cost operations and strategic position could enable it to capitalize on a potential AI-powered gas boom.

Keywords Studios said on Friday it was ready to agree to a 1.96 billion pound ($2.48 billion) takeover by EQT Group if the European private equity firm tabled a formal offer at that price despite it being lower than what it proposed in May.