• EQT Corp has cut its FY Sales Volume forecast, now seeing a sales volume between 2,100 to 2,200 bcfe as opposed to the previously forecasted 2,200 to 2,300 bcfe.
• For the second quarter, the company anticipates a sales volume ranging from 455 to 505 bcfe.
• The company’s first-quarter results were as follows: Adjusted EPS 82c which was greater than the estimated 60c, and adjusted cash flow from operations was $950.5 million.
• The sales volume for the first quarter came to 534 bcfe and the realised natural gas price per thousand cubic feet was $3.22, slightly higher than the estimated $3.09.
• Operating revenue reported was $1.41 billion, falling short of the estimated $1.59 billion.
• The company’s net debt was reported at $4.86 billion, less than the estimated debt of $5.54 billion.
• Due to beneficial factors, free cash flow generation exceeded internal expectations, allowing the company to exit the quarter in a strong financial position with nearly $650 million of cash on hand.
• According to EQT Corp, the benefits of strategic water infrastructure investments are becoming increasingly tangible to shareholders, reflected in the LOE coming in below company forecasts.
• Out of the forecasts and recommendations made for EQT Corp, the split was 11 buy recommendations and 11 hold recommendations. Notably, there were 0 sell recommendations.
A look at Eqt Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Based on the Smartkarma Smart Scores, Eqt Corp shows a promising long-term outlook. With a high growth score of 5, the company is positioned well for expansion and development in the future. This indicates that Eqt Corp is likely to experience robust growth opportunities in the energy sector, enhancing its potential for long-term success. Additionally, the company scores well in terms of value and momentum, with scores of 4 for both factors, suggesting that Eqt Corp is considered a valuable investment with positive market momentum.
While Eqt Corp‘s dividend score of 3 and resilience score of 3 are mid-range, the overall outlook remains positive due to the strong performance in growth, value, and momentum factors. As an integrated energy company focusing on the Appalachian natural gas market, Eqt Corp is well-positioned to capitalize on the growing demand for energy products in the region. With a solid foundation in natural gas supply, transmission, and distribution, Eqt Corp is poised to deliver sustainable value to both wholesale and retail customers in the long term.
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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