EQT Corporation (EQT) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.82 per share a year ago.
EQT (EQT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how EQT Corporation (EQT) and TC Energy (TRP) have performed compared to their sector so far this year.
I recommend EQT Corporation shares with a Strong Buy rating and a price target of $107/share due to the positive domestic gas demand outlook. EQT has a large opportunity to service the growing power demand in support of new data center capacity as an integrated gas producer and midstream operator. The acquisition of Equitrans has integrated midstream operations, capturing $200mm in annualized synergies and lowering operating costs.
Healthier natural gas prices are likely to have aided EQT's earnings in Q1.
EQT (EQT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
EQT stands out as the largest U.S. natural gas producer, uniquely positioned to benefit from tariff exclusions and reshoring-driven demand. It's $2/MMBtu breakeven and the 78% EBITDA margin shows a level of efficiency that peers like Antero and Range can't match. With regulatory tailwinds and domestic supply chain incentives, EQT's scale and capital discipline are now strategic advantages.
EQT (EQT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
EQT (EQT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Shares of natural gas giant EQT Corp (NYSE:EQT) pulled back from their Feb. 19 peak of $56.66 -- the stock's highest level in more than a decade -- before finding support at the 100-day moving average near $45 in early March.
EQT (EQT) reported earnings 30 days ago. What's next for the stock?
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