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EQT (EQT) Q4 Earnings At Par, Revenues Miss

Earnings At Par : EQT Corporation ( EQT ) reported fourth quarter income per share of 79 cents at par with the Zacks Consensus Estimate. Higher production sales volume supported EQT's fourth-quarter results.

EQT Corporation Price, Consensus and EPS Surprise

EQT Corporation Price, Consensus and EPS Surprise | EQT Corporation Quote

Estimate Revision Trend & Surprise History : Investors should note that the Zacks Consensus Estimate has seen no upward and downward revisions in the last seven days.

Nonetheless, EQT has an impressive earnings surprise history. Before posting the earnings in Q4, the company delivered positive surprises in all of the prior four quarters. Overall, the company has a positive earnings surprise of 67.6% in the trailing four quarters.

Revenues : EQT posted revenues of $1,245 million, missing the Zacks Consensus Estimate of $1,257 million. However, it increased from the year-ago number of $1,129 million.

Key Stats : Sales volume rose to 394 billion cubic feet equivalent (Bcfe) of natural gas from the year-ago quarter's 294 Bcfe. The sales volume also exceeded the guidance. Average realized price of natural gas equivalents was $3.13 per thousand cubic feet, up 3% from the year-ago period of $3.04.

Zacks Rank : Currently, EQT carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.

(You can see the complete list of today's Zacks #1 Rank stocks here )

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

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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.

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