☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM__________ TO__________ COMMISSION FILE NUMBER: 001-03551 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q EQT CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 25-0464690 (State or other j ...

EQT Corporation (NYSE:EQT) Q1 2025 Results Conference Call April 23, 2025 10:00 AM ET Company Participants Cameron Horwitz - Managing Director, Investor Relations and Strategy Toby Rice - President and Chief Executive Officer Jeremy Knop - Chief Financial Officer Conference Call Participants Doug Leggate - Wolfe Research Devin McDermott - Morgan Stanley Arun Jayaram - J.P. Morgan Neil Mehta - Goldman Sachs Kalei Akamine - Bank of America Roger Read - Wells Fargo Jacob Roberts - TPH Scott Gruber - Citi Group ...

EQT Corporation (EQT) reported first-quarter 2024 adjusted earnings from continuing operations of $1.18 per share, which beat the Zacks Consensus Estimate of $1.02. The bottom line increased from the year-ago reported figure of 82 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Adjusted operating revenues increased to $2,153 million from $1,720 million in the prior-year quarter. The top line beat the Zacks Consensus Estimate of $2,147 million.The strong quarterly results were ...

销售气量数据 - 2025年第一季度公司销售气量为5710亿立方英尺当量，处于指引高端，较2024年的5340亿立方英尺当量增加370亿立方英尺当量[5][7] - 2025年公司预计总销售量为2.2 - 2.3万亿立方英尺当量[16] - 2025年第二季度公司预计总销售量为520 - 570亿立方英尺当量，计划投产32 - 50口净井[16] - 2025年Q2总销量预计为520 - 570Bcfe，全年预计为2,200 - 2,300Bcfe[19] - 2025年第一季度总销售体积为570,751 MMcfe，2024年同期总销售体积为534,050 MMcfe[55] - 2025年第一季度总销售体积为570.75亿立方英尺当量，2024年同期为534.05亿立方英尺当量[68] 资本支出数据 - 2025年第一季度资本支出4.97亿美元，较指引中点低19%，较2024年的5.49亿美元减少5200万美元[5][7] - 公司将2025年生产指引提高250亿立方英尺当量，将2025年资本支出中点降低2500万美元[4][5] - 2025年维护资本支出为19.5 - 20.7亿美元，战略增长资本支出为3.5 - 3.8亿美元[16] - 2025年总维护资本支出Q2预计为5.2 - 5.95亿美元，全年预计为19.5 - 20.7亿美元[19] - 2025年总资本支出Q2预计为6 - 7亿美元，全年预计为23 - 24.5亿美元[19] 价格差与单位运营成本数据 - 2025年第一季度实现价格差较指引中点每千立方英尺收窄0.16美元[5] - 2025年第一季度单位运营总成本为每千立方英尺当量1.05美元，较指引中点低8%[5] 现金流数据 - 2025年第一季度经营活动提供的净现金为17.41亿美元，自由现金流为10.36亿美元[5][7] - 2025年第一季度经营活动提供的净现金为1,741,167千美元，2024年同期为1,155,663千美元；调整后经营现金流分别为1,666,768千美元和950,541千美元；自由现金流分别为1,151,378千美元和398,946千美元[49] - 2025年第一季度归属于EQT的调整后经营现金流为1,531,220千美元，2024年同期为950,837千美元；归属于EQT的自由现金流分别为1,035,548千美元和399,242千美元[50] 债务数据 - 截至2025年第一季度末，总债务为84亿美元，净债务为81亿美元，较2024年末减少约10亿美元[5][12] - 截至2025年3月31日、2024年12月31日和2024年9月30日，公司净债务分别为81.11亿美元、91.22亿美元和137.05亿美元[59] 收购信息 - 公司宣布以18亿美元收购Olympus Energy的上下游和中游资产，收购价相当于约3.4倍调整后EBITDA倍数和约15%的无杠杆自由现金流收益率[5][13][14] 第三方中游收入数据 - 2025年第三方中游收入Q2预计为1.2 - 1.45亿美元，全年预计为5.5 - 6.5亿美元[19] 套期保值量数据 - 截至2025年4月16日，Q2套期保值量为336MMDth，Q3和Q4为281MMDth[23] 净利润与每股收益数据 - 2025年第一季度归属于EQT公司的净利润为2.42139亿美元，2024年同期为1.03488亿美元[31] - 2025年第一季度调整后归属于EQT的净利润为7.1321亿美元，2024年同期为3.64027亿美元[31] - 2025年第一季度摊薄每股收益为0.40美元，2024年同期为0.23美元[31] - 2025年第一季度调整后摊薄每股收益为1.18美元，2024年同期为0.82美元[31] - 2025年第一季度净利润为3154.2万美元，2024年同期为1030.6万美元[66] - 2025年第一季度归属于公司的净利润为2421.4万美元，2024年同期为1034.9万美元[66] EBITDA数据 - 2025年第一季度调整后EBITDA为17.80661亿美元，2024年同期为10.14559亿美元[38] - 非全资合并子公司2025年第一季度净收入为178,443千美元，2024年同期亏损1,182千美元；调整后EBITDA分别为236,307千美元和 - 823千美元；归属于非控股股东的调整后EBITDA分别为136,800千美元和 - 296千美元[42] 非全资合并子公司股权数据 - 公司在非全资合并子公司中，对中游合资企业拥有40% A类单位持有人份额，对尤里卡中游控股拥有60%所有权，对Teralytic拥有34.6%所有权[42][51] 自由现金流指标调整信息 - 2024年7月完成Equitrans Midstream合并后，公司调整了非GAAP自由现金流指标，从2024年第三季度起，自由现金流计算中排除对权益法投资的资本贡献[46] - 由于2024年12月30日中游合资企业B类单位持有人非控股股东权益开始，公司开始列报归属于EQT的自由现金流[46] 奥林巴斯能源资产预计数据 - 公司披露了2025 - 2027年奥林巴斯能源资产预计产生的平均年度调整后EBITDA，但无法提供同期平均年度净收入及相关调节[43] - 公司披露了2025 - 2027年奥林巴斯能源资产预计产生的平均年度无杠杆自由现金流，但无法提供同期平均年度经营活动提供的净现金及相关调节[52] 运营收入数据 - 2025年第一季度总运营收入为17.40亿美元，2024年同期为14.12亿美元[66] - 2025年第一季度运营收入为4962.5万美元，2024年同期为1827.2万美元[66] 销售金额数据 - 2025年第一季度天然气销售包括现金结算衍生品为19.62亿美元，2024年同期为15.38亿美元[68] - 2025年第一季度总液体销售为1.91亿美元，2024年同期为1.82亿美元[68] - 2025年第一季度天然气和液体总销售包括现金结算衍生品为21.53亿美元，2024年同期为17.20亿美元[68] 平均实现价格数据 - 2025年第一季度平均销售价格为3.93美元/Mcfe，平均实现价格为3.77美元/Mcfe；2024年同期平均销售价格为2.44美元/Mcfe，平均实现价格为3.22美元/Mcfe[55] - 2025年第一季度平均实现价格为每千立方英尺当量3.77美元，2024年同期为3.22美元[68] 生产调整后营业收入数据 - 2025年第一季度生产调整后营业收入为2,152,741千美元，2024年同期为1,720,240千美元；总生产营业收入分别为1,569,283千美元和1,408,801千美元[55]

PITTSBURGH, April 22, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter of 2025.First Quarter 2025 and Recent Highlights: Production: Sales volume of 571 Bcfe, at the high-end of guidance driven by strong well performance and minimal winter weather impact from integrated midstream coordination Capital Expenditures: $497 million, 19% below the mid-point of guidance due to lower-than-expected completions, land and midstream spending Realiz ...

Investors might want to bet on EQT Corporation (EQT) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The po ...

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. EQT Corporation (EQT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.EQT Corporation is one of 246 individual stocks in the Oils-Energy sector. ...

The macroeconomic backdrop for EQT Corporation (NYSE: EQT ) is strengthening as domestic gas demand becomes more heavily in focus and as hyperscalers turn to the commodity to power their large-scale data centers. With the growingMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working across industries that include O&G, OFS, Midstream, Industrials, Information ...

EQT Corporation (EQT) is set to report first-quarter 2025 results on April 22, after the closing bell.In the last reported quarter, its adjusted earnings of 69 cents per share beat the Zacks Consensus Estimate of 50 cents, primarily driven by higher sales volume, increased average realized prices and lower total operating expenses.Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 65.5%. This is depicted in the graph below:Estimate TrendThe ...

EQT Corporation (EQT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 22, 2025, might help the stock move higher if these key numbers are better than ...