EQT CEO Foresees Low Natural Gas Prices, Demand Growth in 2024
EQT's CEO Toby Rice expects U.S. natural gas prices to remain under $3/mmBtu in the near term. However, he anticipates rising LNG demand to ease production cuts by 2024.
Buying EQT Stock On Solid Internals And A Favorable External Market Outlook
EQT is a strong shale natural gas producer, currently undervalued due to low gas prices, but poised for gains as prices rise. Despite lower revenues, EQT increased production by 12% and remained profitable, with a net income of $113 million in the first half of the year. EQT's debt situation has improved, but interest expenses are rising; higher natural gas prices could enhance financial metrics.
Prepare for Energy Stocks to Surge. September's 3 Best Buys Now
Energy stocks have been the worst performers in 2024.
Unpacking Oil & Gas Stock's Bull Note
EQT Corp (NYSE:EQT) stock is 0.2% higher at $31.20 at last check, following a bull note at Wells Fargo.
Top 3 Stocks to Watch: Options Traders Bet on Big Gains
Investors had to deal with the sudden volatility in the stock market last week after the S&P 500 erased trillions in wealth. Not to mention the additional losses suffered by the Nikkei 225 (Japan's version of an S&P 500), arguably initiating the downtrend altogether.
EQT's Q2 Earnings Top Estimates on Gas Equivalent Production
Being a leading producer of natural gas in the United States, upstream business aids EQT's Q2 Earnings.
EQT Q2 Earnings Beat Estimates on Strong Sales, Lower Expenses
EQT's Q2 earnings and revenues surpass estimates, fueled by higher sales volumes and lower total operating expenses. The average realized price rose to $2.33 per Mcfe during the quarter, contributing to the earnings beat.
EQT: This Quarter May Mark A Stock Price And Earnings Bottom
The acquisition of Equitrans Midstream is expected to materially decrease the cost of supply on a per-unit basis. EQT announced profitable second quarter results despite industry struggles. The quarter benefitted from a large gain on a sale. Mountain Valley Pipeline operation expected to increase the average price received for production by moving Marcellus production to less oversupplied markets.
EQT Corporation (EQT) Reports Q2 Loss, Tops Revenue Estimates
EQT Corporation (EQT) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.17 per share a year ago.
EQT Gears Up to Report Q2 Earnings: Is a Beat in the Cards?
With commodity prices having improved in the final month of the June quarter, production is likely to have increased, aiding EQT's Q2 earnings.
Will EQT Corporation (EQT) Report Negative Earnings Next Week? What You Should Know
EQT (EQT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Coterra, Cheniere, Chesapeake and EQT
Coterra, Cheniere, Chesapeake and EQT are included in this Analyst Blog.
