Earnings Alerts

Eqt Corp (EQT) Earnings: 2Q Realized Natgas Price Misses Estimates, Adjusted EBITDA Surpasses Expectations

  • Realized Natural Gas Price: $2.33 per thousand cubic feet, slightly below the estimate of $2.36.
  • Adjusted Loss Per Share: 8.0 cents, significantly better than the estimated loss of 17 cents per share.
  • Adjusted Cash Flow from Operations: $405.0 million.
  • Sales Volume: 508 billion cubic feet equivalent (bcfe).
  • Adjusted EBITDA: $464.1 million, higher than the estimate of $388.5 million.
  • Operating Revenue: $952.5 million, below the estimate of $1.16 billion.
  • Net Debt: $4.92 billion, slightly above the estimate of $4.9 billion.
  • ESG Achievements: Successfully achieved greenhouse gas (GHG) and methane emission intensity targets one year ahead of schedule; on track for net zero by 2025.
  • Analyst Ratings: 14 buys, 9 holds, 0 sells.

A look at Eqt Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Eqt Corp has a positive long-term outlook with high scores in Value and Growth, indicating a favorable position in terms of valuation and potential for future expansion. The company’s emphasis on the Appalachian area natural gas market is seen as a valuable asset, contributing to its strong performance in these areas. Additionally, Eqt Corp‘s resilience score suggests a stable foundation to weather market fluctuations, boosting investor confidence in its sustainability.

While Eqt Corp‘s Dividend and Momentum scores are slightly lower, the company’s overall outlook remains promising. With a solid foundation in the natural gas sector and a focus on meeting the needs of both wholesale and retail customers, Eqt Corp demonstrates potential for steady growth and sustained success in the long run.

Summary:
EQT Corporation is an integrated energy company specializing in natural gas supply, transmission, and distribution in the Appalachian region. Through its subsidiaries, the company provides natural gas products to a diverse range of wholesale and retail customers.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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