EQT Q4 2024 Earnings Report

EQT reported lower revenue but improved operational efficiencies in Q4 2024.

Key Takeaways

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.

Revenue decreased by 20.46% YoY, reflecting lower natural gas prices.

Net income declined 16.66% YoY but remained positive at $418.40M.

Free cash flow surged to $588M, benefiting from operational efficiencies.

Operating costs per unit dropped to $1.07 per Mcfe, enhancing profitability.

Total Revenue

$1.62B

Previous year: $1.37B

+18.5%

EPS

$0.69

Previous year: $0.48

+43.7%

Total Sales Volume

605M

Previous year: 564M

+7.3%

Average Daily Sales Volume

6.57M

Cash and Equivalents

$202M

Previous year: $81M

+149.6%

Free Cash Flow

$588M

Previous year: $91.2M

+544.4%

EQT Revenue

EQT EPS

EQT Revenue by Segment

Forward Guidance

EQT expects higher production in 2025, driven by operational efficiencies and midstream investments. The company also plans to reduce debt levels.

Positive Outlook

2025 production guidance increased by 125 Bcfe.
Expected free cash flow of $2.6B in 2025.
Projected net debt reduction to $7B by year-end 2025.
Efficiency gains expected to lower reserve development capital by $200M.
Equitrans integration nearing completion, unlocking synergies.

Challenges Ahead

Lower expected natural gas prices may impact revenue.
Potential headwinds from macroeconomic conditions and energy demand.
Reduction in frac crews could impact short-term production flexibility.
Debt levels remain high despite planned reductions.
Regulatory uncertainties could affect midstream investments.