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EQT Corporation reports Q3 adjusted EPS 12c, consensus 6c
The Fly

EQT Corporation reports Q3 adjusted EPS 12c, consensus 6c

Reports Q3 revenue $1.28B, consensus $1.32B. President and CEO Toby Rice stated, “The third quarter was hallmarked by the closing of our strategic acquisition of Equitrans, which transformed EQT into America’s only large scale, vertically integrated natural gas business. Since closing the Equitrans acquisition, our integration team has been firing on all cylinders, with more than 60% of integration tasks completed and more than 50% of base synergies achieved in just three months. Alongside rapid integration and synergy capture, we are also seeing operational efficiency gains that are being unlocked as a direct consequence of the Equitrans acquisition, which could drive even greater value capture over time.” Rice continued, “Between asset-level cash flows since acquiring this position in 2021, and the two divestitures announced this year, we expect to realize approximately $3.6 billion of total value, implying 3.3x the original value allocation. This transaction, along with the positive momentum we are seeing in our regulated midstream asset sale process, gives us tremendous confidence in being able to achieve our year-end 2025 debt target.”

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