Q2 Earnings for EQT Corporation Expected to be Impacted by Lower Gas Production
July 20, 2023
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EQT ($NYSE:EQT) Corporation is an energy company based in Pittsburgh, Pennsylvania. Over the past several years, the company has grown to become one of the largest natural gas producers in the United States. Recently, investors have become concerned that the company’s second-quarter earnings may be impacted by lower gas production. The company’s output has been declining due to lower demand for natural gas in the United States and declining prices. This has caused a decrease in EQT Corporation‘s revenue from natural gas production and may cause a decrease in their Q2 earnings. In addition to this, EQT Corporation has been slowly transitioning away from its traditional business model and shifting towards a more diversified approach. The company is now focusing on developing and marketing new technologies to better manage their resources and expand into new markets. This shift could potentially help offset any losses due to lower gas production, but it is uncertain whether or not it will have a significant impact on their Q2 earnings.
However, investors should keep a close eye on the company’s performance and make informed decisions about their investments based on the results.
Earnings
The report revealed that the total revenue for the quarter was 1138.74M USD, resulting in a net loss of 40.52M USD. It is expected that the company will need to devise an effective strategy to counter this decrease in revenue and improve its financial standing.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Eqt Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 11.48k | 4.51k | 46.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Eqt Corporation. More…
| Operations | Investing | Financing |
| 4.11k | -1.42k | -699.13 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Eqt Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.67k | 11.46k | 30.58 |
Key Ratios Snapshot
Some of the financial key ratios for Eqt Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 52.4% | 410.2% | 53.3% |
| FCF Margin | ROE | ROA |
| 22.0% | 34.2% | 16.9% |
Market Price
On Wednesday, the stock opened at $39.8 and closed at $39.9, up by 0.6% from the prior closing price of 39.6. Despite this, analysts are expecting to see a negative impact on the company’s earnings due to lower gas production. The company has publicly addressed this issue and announced that there have been some delays in obtaining permits for new wells and facilities, which has resulted in lower-than-expected gas production.
In addition, the company has experienced higher costs associated with its drilling program. Analysts have cautioned investors to be aware of the possible impact on the company’s earnings and to take into consideration the risks associated with investing in EQT CORPORATION. While the stock price has remained relatively stable, investors should keep an eye on upcoming earnings reports and any news related to the company’s gas production and drilling programs. Live Quote…
Analysis
At GoodWhale, we recently conducted an analysis of EQT CORPORATION‘s wellbeing. Our Risk Rating found that EQT CORPORATION is a medium risk investment in terms of financial and business aspects. We have identified two risk warnings in the income sheet and balance sheet of the company. To view these warnings, please become a registered user with us. Our comprehensive analysis will help you make informed decisions when it comes to investing in EQT CORPORATION. More…
Peers
EQT Corp is one of the largest natural gas producers in the United States. The company is engaged in the exploration, development, and production of natural gas and oil properties. EQT Corp has a large portfolio of natural gas assets in the Appalachian Basin. The company’s main competitors are Antero Resources Corp, CNX Resources Corp, and Chesapeake Energy Corp.
– Antero Resources Corp ($NYSE:AR)
Antero Resources Corp is an American natural gas and oil company engaged in the exploration, development, production, and acquisition of natural gas and oil properties located in the Appalachian Basin. As of December 31, 2020, the company had approximately 1.4 million net acres under lease in the states of West Virginia, Ohio, and Pennsylvania. Antero Resources is headquartered in Denver, Colorado.
The company’s market cap is 10.7B as of 2022. The company’s ROE is 15.98%.
– CNX Resources Corp ($NYSE:CNX)
CNX Resources Corp is an American energy company engaged in the exploration and production of natural gas and oil. They have a market cap of 3.37B as of 2022 and a Return on Equity of -34.12%. The company operates in the Appalachian Basin and is headquartered in Canonsburg, Pennsylvania.
– Chesapeake Energy Corp ($NASDAQ:CHK)
Chesapeake Energy Corporation is an American oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of onshore wells in the U.S. Headquartered in Oklahoma City, Chesapeake owns assets in the Eagle Ford, Haynesville/Bossier and Permian Basin shale plays in the United States. The company also operates in Canada, Appalachia and the Mid-Continent region.
Chesapeake Energy Corporation has a market capitalization of $11.94 billion as of March 2021. The company’s return on equity was 1916.84% as of December 2020. Chesapeake Energy Corporation is an American oil and natural gas exploration and production company headquartered in Oklahoma City, Oklahoma. The company is the second-largest producer of natural gas, the 11th largest producer of oil and natural gas liquids and the most active driller of onshore wells in the U.S. Headquartered in Oklahoma City, Chesapeake owns assets in the Eagle Ford, Haynesville/Bossier and Permian Basin shale plays in the United States. The company also operates in Canada, Appalachia and the Mid-Continent region.
Summary
Investors should keep an eye on EQT’s performance as lower gas production is likely to have had a negative impact on the company’s overall earnings. Analysts will be paying attention to the company’s revenue, cash flow, and profits as indicators of its financial health.
Additionally, EQT’s year-over-year performance may provide insight into its future outlook. It will also be important to watch its balance sheet and debt levels, as well as how it allocates its capital between dividends and research and development. Finally, analysts will be monitoring any changes in its brand value, pricing, and customer satisfaction. All these metrics can provide clues into EQT’s overall success in the quarter and beyond.
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