EQT to Report Q2 Earnings: Here's What You Need to Know
In the last reported quarter, its adjusted earnings of $1.18 cents per share beat the Zacks Consensus Estimate of $1.02, primarily driven by higher sales volume and increased average realized prices. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 62.9%. This is depicted in the graph below:
Estimate Trend
The Zacks Consensus Estimate for second-quarter earnings per share of 45 cents has witnessed one downward revision and no upward revision in the past seven days. The estimated figure suggests an improvement of 662.5% from the prior-year reported number.
The Zacks Consensus Estimate for revenues of $1.81 billion indicates a 52.97% increase from the year-ago recorded figure.
Factors to Consider
EQT is the largest producer of natural gas in the United States, with core operations in the Appalachian Basin. Per the data from the U.S. Energy Information Administration ('EIA'), the average Henry Hub Natural Gas Spot prices for April, May and June of this year were $3.42, $3.12, and $3.02 per million Btu, respectively, compared with $1.60, $2.12, and $2.54 per million Btu in the previous year.
Although gas prices were favorable, EQT's strategic decision to limit hedging to just 50% of output has left it more exposed to spot price volatility, which might not favor the company this quarter. EQT also continues to face pipeline bottlenecks in the Appalachian region, thereby constraining its ability to capitalize on more favorable pricing in downstream markets. Additionally, although the Olympus acquisition modestly boosted volumes, associated integration and transition costs likely weighed on margins.
These factors are anticipated to have affected the company's financial performance in the quarter.
Earnings Whispers
Our proven model does not indicate an earnings beat for EQT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.
Earnings ESP: EQT has an Earnings ESP of -3.27%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: EQT currently carries a Zacks Rank #3.
Stocks to Consider
Here are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
BP plc BP currently has an Earnings ESP of +4.75% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
BP is scheduled to release second-quarter earnings on Aug. 5. The Zacks Consensus Estimate for BP's earnings is pegged at 65 cents per share, suggesting a 35% decrease from the prior-year reported figure.
Viper Energy Partners LP VNOM presently has an Earnings ESP of +5.48% and a Zacks Rank #3.
Viper Energy is scheduled to release second-quarter earnings on Aug. 4. The Zacks Consensus Estimate for VNOM's earnings is pegged at 31 cents per share, suggesting a 49.2% decrease from the prior-year reported figure.
EOG Resources, Inc. EOG currently has an Earnings ESP of +2.61% and a Zacks Rank #3.
EOG Resources is scheduled to release second-quarter earnings on Aug. 7. The Zacks Consensus Estimate for EOG's earnings is pegged at $2.14 per share, suggesting a 32.3% decline from the prior-year reported figure.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
BP p.l.c. (BP): Free Stock Analysis Report
EQT Corporation (EQT): Free Stock Analysis Report
EOG Resources, Inc. (EOG): Free Stock Analysis Report
Viper Energy Inc. (VNOM): Free Stock Analysis Report
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
2 minutes ago
- CTV News
Large picket lines at Pearson Airport as Air Canada flight attendants defy Ottawa's back-to-work order
CP24's Andrew Brennan with the latest details from the scene Large picket lines have erupted at Toronto Pearson International Airport on Sunday as the union representing Air Canada flight attendants says they will 'remain on strike' and defy Ottawa's back-to-work order. The Canadian Union of Public Employees (CUPE) called the order 'unconstitutional' and urged Air Canada to return to the bargaining table to negotiate a 'fair deal.' The defiance comes hours after Air Canada announced plans to gradually resume flights on Sunday evening, signalling more days of turmoil ahead for travellers. As of 10:30 a.m. ET, hundreds of CUPE members gathered outside Toronto's Pearson Airport, waving signs and chanting, 'Hey, hey, ho, ho, unpaid work has got to go.' The picket lines underscored the union's demand for higher wages and compensation for unpaid time worked during ground delays — issues that CUPE says have been ignored through more than a decade of contracts. Back-to-work order 'ripped up' Speaking at the protest, Wesley Lesosky, president of the Air Canada Component of CUPE, confirmed that the union rejected the government's order. Wesley Lesosky Wesley Lesosky, president of the Air Canada Component of CUPE speaks to CP24 on Sunday August 17, 2025 (CP24 photo). 'I sent them back a video of it being ripped up,' he said, referring to the back-to-work order. He stressed that negotiations with Air Canada remain at a standstill until a contract is ratified, emphasizing the union's commitment to securing a collective agreement after eight months of bargaining. 'Air Canada needs to see that all these people are standing behind their union. Air Canada needs to understand that we need a collective agreement,' Lesosky said. 'Fully supported on all angles' Despite the risks of prolonging the strike and any potential ramifications, Lesosky insisted that members are united and CUPE's national leadership are firmly behind the walkout. 'CUPE National stepped up to the plate and fully support us here. So we feel fully supported on all angles, all avenues,' he said. This is a breaking news story, more details to come...
CTV News
2 minutes ago
- CTV News
Air Canada flight cancellations continue at Vancouver airport
Passengers use a kiosk to check in for an Air Canada flight at Vancouver International Airport, in Richmond, B.C., on Wednesday, Aug. 13, 2025. Air Canada is preparing to gradually suspend flights ahead of a potential work stoppage on Saturday. The airline said the first flights will be cancelled Thursday, with more on Friday and a complete cessation of flying by Air Canada and Air Canada Rouge by the weekend if it doesn't reach a last-minute deal with the flight attendants' union. THE CANADIAN PRESS/Darryl Dyck Dozens of Air Canada flights into and out of Vancouver are cancelled Sunday and would-be travellers are being told not to come to the airport unless they have a confirmed itinerary. A statement from Vancouver International airport said Air Canada is working on a plan to resume operations amid a labour dispute between the airline and the union representing flight attendants. 'We anticipate a full return of flight schedules at YVR to take several days with the full network gradually returning to service,' an update to the airport's website Sunday morning said. 'YVR continues to have increased terminal staffing to assist travellers who are in the terminal, although the best source for up-to-date flight information is Air Canada directly.' The federal government has intervened in the labour dispute, imposing a back-to-work order that comes into effect at 11 a.m. Sunday However, the union said its members plan to defy the order and remain on strike.
CBC
an hour ago
- CBC
Air Canada flight attendants to remain on strike, defy back-to-work order: union
Air Canada flight attendants will defy the back-to-work order and remain on strike after the federal government ordered binding arbitration to end the work stoppage, the Canadian Union of Public Employees told Radio-Canada on Sunday. The union has also accused federal Jobs Minister Patty Hajdu of caving to Air Canada's demands by ordering binding arbitration on Saturday.
