EQT Corporation (NYSE:EQT) is an integrated energy company that focuses on natural gas supply activities in the Appalachian area, including production and gathering, natural gas distribution and transmission as well as energy efficiency solutions, primarily in the eastern and western coastal regions of the United States. EQT conducts its operations in two segments EQT Production and EQT Midstream.
In the last four trailing quarters, EQT Corp has reported a positive average earnings surprise of 102.2%, beating the Zacks Consensus Estimate in three of the four quarters.
Zacks Rank: Currently, EQT Corp. has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Earnings: EQT Corp’s earnings of 12 cents per share from continuing operations (excluding special items) beat the Zacks Consensus Estimate of a loss of 4 cents.
Revenue: Total operating revenues of $660.3 million beat the Zacks Consensus Estimate of $651 million.
Key Stats: EQT Production reported third-quarter adjusted operating revenues of $566.8 million, up 31.6% year over year.
Adjusted operating loss from this segment was $9.7 million, narrower than $82.1 million loss in the year-earlier quarter.
Check back later for our full write up on this EQT Corp earnings report later!
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EQT Corporation (EQT): Free Stock Analysis Report
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