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EQT (EQT)
NYSE:EQT
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.93Last Year’s EPS
0.82Same Quarter Last Year
Moderate Buy
Based on 20 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -2.27%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call presents a strong performance in operational efficiency, strategic acquisition integration, and cash flow generation, with highlighted resilience in reserve base despite challenging price conditions. The company effectively managed debt and increased production guidance for 2025. However, ongoing price volatility and potential future supply constraints present challenges. Overall, the positive aspects significantly outweigh the lowlights, indicating a strong operational and financial performance.Company Guidance
During the EQT Q4 2024 Conference Call, significant guidance was provided for 2025, emphasizing operational efficiency and strategic investments. The company announced a production guidance range of 2,175 to 2,275 Bcfe, with a midpoint that is 125 Bcfe above previous outlooks. This is attributed to robust well performance and early benefits from midstream compression investments. EQT aims to maintain production levels with fewer wells and reduced costs, projecting a decrease in average well cost by approximately $70 per foot compared to 2024. The maintenance capital budget is set between $1.95 billion and $2.1 billion, with additional growth projects allocated $350 million to $380 million. The company expects to generate about $2.6 billion of free cash flow in 2025, rising to $3.3 billion in 2026, and $15 billion cumulatively over the next five years. EQT's strategic focus remains on leveraging its integrated platform to capitalize on a bullish natural gas market while maintaining operational momentum and cost efficiencies.Record Operational Efficiency
EQT achieved a 20% increase in completed lateral footage per day relative to 2023, allowing the company to drop from three to two frac crews in April 2025 while prioritizing cost savings over production growth.
Equitrans Acquisition Integration
The integration process of Equitrans acquisition is 90% complete, with synergies exceeding expectations, capturing more than $200 million of annualized base synergies, or 85% of forecasted plan.
Strong Free Cash Flow Generation
EQT generated $756 million of net cash provided by operating activities and $588 million of free cash flow during Q4 2024, despite low gas prices.
2025 Production Guidance Increase
EQT initiated a production guidance range of 2175 to 2275 Bcfe for 2025, with a midpoint 125 Bcfe above the preliminary 2025 volume outlook.
Resilient Reserve Base
Despite a drop in SEC price deck from $2.64 to $2.13 per million Btu, EQT's year-end 2024 approved reserves remained essentially unchanged at approximately 26 Tcfe.
Debt Reduction
EQT reduced total and net debt significantly, exiting 2024 with $9.1 billion of net debt compared to $13.7 billion at the end of the previous quarter.
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EQT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $53.78 | $54.24 | +0.86% |
| Oct 29, 2024 | $37.04 | $38.29 | +3.37% |
| Jul 23, 2024 | $34.62 | $34.67 | +0.14% |
| Apr 23, 2024 | $37.37 | $38.80 | +3.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EQT (EQT) report earnings?
EQT (EQT) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is EQT (EQT) earnings time?
EQT (EQT) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQT EPS forecast?
EQT EPS forecast for the fiscal quarter 2025 (Q1) is 0.93.
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