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EQT (EQT)
NYSE:EQT
Holding EQT?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.5Last Year’s EPS
$0.48Same Quarter Last Year
Moderate Buy
Based on 19 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2024
|% Change Since: 15.71%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
EQT's earnings call highlighted significant achievements, including the strategic acquisition of Equitrans Midstream, achieving net zero emissions, and operational efficiency gains that position the company well for future growth. However, challenges remain with the curtailment strategy and the full realization of synergy targets. Overall, the positives outweigh the negatives, suggesting a strong position moving forward.Company Guidance
During the EQT Q3 2024 earnings call, the company highlighted several key metrics and achievements. The strategic acquisition of Equitrans Midstream was a centerpiece, with EQT completing over 60% of integration tasks in just three months, resulting in $145 million of annualized cost savings, surpassing their original $120 million target. This rapid synergy capture has already derisked more than half of the $250 million base synergy target. On the operational side, EQT set new records for water delivery and completions efficiency, with footage completed per day improving by 35% compared to 2023. The integration of EQT's water network is expected to save more than $70 million over two years. Financially, EQT achieved Q3 sales volumes of 581 Bcfe, 4% above guidance, and operating costs came in $0.05 below the low end of guidance at $1.07 per Mcfe. The company also became the first traditional energy producer of scale to achieve net zero Scope 1 and 2 emissions, reducing total emissions by over 900,000 tons. Looking forward, EQT expects to maintain flat year-over-year sales volumes in 2025, and their deleveraging plan is bolstered by recent asset divestitures, including a $1.25 billion sale to Equinor.Strategic Acquisition of Equitrans Midstream
EQT completed the strategic acquisition of Equitrans Midstream, transforming EQT into a large-scale vertically-integrated natural gas business, achieving $145 million in annualized financial and corporate cost savings, $25 million more than initially expected.
Achievement of Net Zero Scope 1 and 2 Emissions
EQT became the first traditional energy producer of scale to achieve net zero Scope 1 and 2 greenhouse gas emissions, ahead of the 2025 goal, reducing 900,000 tons of emissions over five years.
Record Operational Efficiency Gains
EQT set a new record for completion efficiency, completing footage per day 35% faster than the 2023 pace, with potential savings of $50 million to $60 million per year.
Asset Divestiture to Equinor
EQT announced the divestiture of nonoperated assets in Northeastern Pennsylvania to Equinor for $1.25 billion in cash, realizing a 3.3x return on investment since 2021.
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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 |
|---|---|---|---|
| Oct 29, 2024 | $37.15 | $38.41 | +3.39% |
| Jul 23, 2024 | $34.72 | $34.77 | +0.14% |
| Apr 23, 2024 | $37.48 | $38.91 | +3.82% |
| Feb 13, 2024 | $33.50 | $32.38 | -3.34% |
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 Feb 12, 2025, TBA Not Confirmed.
What is EQT (EQT) earnings time?
EQT (EQT) earnings time is at Feb 12, 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 2024 (Q4) is $0.5.
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