EQT Earnings Reports

EQT Corporation's Q4 2024 revenue declined year-over-year, but strong production and cost efficiencies helped maintain profitability. The company achieved higher free cash flow and improved operating margins.

EQT reported a net loss of $297 million for Q3 2024, but integration of Equitrans Midstream Corporation is over 60% complete, with $145 million in annualized synergies achieved. The company announced an agreement to sell non-operated natural gas assets for $1.25 billion and became the first traditional energy producer to achieve net zero Scope 1 and 2 GHG emissions.

EQT Corporation reported its second quarter 2024 results, highlighting the closure of the Equitrans Midstream Corporation acquisition ahead of schedule, which is expected to result in approximately $150 million in savings. The company experienced operational outperformance, with sales volume above guidance and a decrease in total debt. However, the company reported a net income attributable to EQT of $9 million and a free cash flow of $(171) million.

EQT Corporation reported a net income of $103 million and a free cash flow of $402 million for the first quarter of 2024. The company's total sales volume reached 534 Bcfe, driven by operational efficiency gains and strong well performance. EQT also announced the acquisition of Equitrans Midstream and a non-operated asset sale to Equinor.

EQT's Q4 2023 production was 564 Bcfe, towards the high-end of guidance. They generated $236 million of free cash flow and retired all outstanding convertible notes. Capital expenditures were $539 million and cash operating expenses were $1.27 per Mcfe.

EQT Corporation reported a net income of $81 million and adjusted EPS of $0.30 for Q3 2023. The company closed the acquisition of Tug Hill and XcL Midstream, achieving significant drilling and completion efficiency improvements. EQT also signed major firm sales agreements for its Mountain Valley Pipeline capacity and upgraded to investment grade at Moody's.

EQT's second quarter results showed a net loss, driven by lower natural gas prices, despite increased production efficiency and debt reduction. The company is progressing with the Tug Hill and XcL Midstream acquisition and advancing its LNG strategy.