EQT Corporation Earnings: A Nice Beat Over Wall Street
S&P 500 (NYSE:SPY) component EQT Corporation (NYSE:EQT) reported net income above Wall Street’s expectations for the first quarter. EQT Corporation offers energy products including natural gas, NGLs and a limited amount of crude oil and services to wholesale and retail customers in the United States.
EQT Earnings Cheat Sheet for the First Quarter
Results: Net income for EQT Corporation rose to $122.3 million (82 cents/share) vs. $88.1 million (65 cents/share) in the same quarter a year earlier. A rise of 38.8% from the year earlier quarter.
Revenue: Rose to $455.6 million YoY.
Actual vs. Wall St. Expectations: EQT beat the mean analyst estimate of 56 cents/share. Estimates ranged from 52 cents per share to 64 cents per share.
Competitors to Watch: MarkWest Energy Partners, L.P. (NYSE:MWE), Williams Companies, Inc. (NYSE:WMB), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), Southwestern Energy Co. (NYSE:SWN), BG Group plc (BRGYY), Talisman Energy Inc. (NYSE:TLM), Enterprise Products Partners L.P. (NYSE:EPD), and Questar Corporation (NYSE:STR).
Today’s Performance: Shares of EQT closed at $49.85, up 4% from the previous closing price of $47.92.