Markets
EQT

EQT Corp. (EQT) Beats on Q3 Earnings & Revenue Estimates

EQT Corporation EQT is an integrated energy company that focuses on natural gas supply activities in the Appalachian area, including production and gathering, natural gas distribution and transmission as well as energy efficiency solutions, primarily in the eastern and western coastal regions of the United States. EQT conducts its operations in two segments EQT Production and EQT Midstream.

In the last four trailing quarters, EQT Corp has reported a positive average earnings surprise of 102.2%, beating the Zacks Consensus Estimate in three of the four quarters.

Zacks Rank: Currently, EQT Corp. has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Earnings: EQT Corp's earnings of 12 cents per share from continuing operations (excluding special items) beat the Zacks Consensus Estimate of a loss of 4 cents.

Revenue: Total operating revenues of $660.3 million beat the Zacks Consensus Estimate of $651 million.

Key Stats: EQT Production reported third-quarter adjusted operating revenues of $566.8 million, up 31.6% year over year.

Adjusted operating loss from this segment was $9.7 million, narrower than $82.1 million loss in the year-earlier quarter.

Check back later for our full write up on this EQT Corp earnings report later!

EQT Corporation Price and EPS Surprise

EQT Corporation Price and EPS Surprise | EQT Corporation Quote

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

EQT Corporation (EQT): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

EQT

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More