Latest news with #EQTCorp
Reuters
22-07-2025
- Business
- Reuters
EQT beats profit estimates on higher natgas prices, sales volumes
July 22 (Reuters) - EQT Corp (EQT.N), opens new tab beat Wall Street estimates for second-quarter adjusted profit on Tuesday as the U.S. energy company benefited from stronger natural gas prices and sales volumes, sending its shares up 1.2% in extended trading. The company also raised its full-year production forecast to reflect the $1.8 billion acquisition of Olympus Energy. "We are seeing tremendous momentum for in-basin natural gas power and data center demand and EQT is uniquely positioned to capitalize on this set-up," said CEO Toby Rice. The energy sector has been riding a rise in demand for natural gas, fueled by LNG exports and increasing power consumption due to hotter temperatures and data center operations. Higher natural gas prices through 2025 compared with last year have also supported production levels, according to the U.S. Energy Information Administration (EIA). During the quarter, EQT's average realized price for natural gas jumped 20.6% year-over-year to $2.81 per thousand cubic feet equivalent (Mcfe). In April, EQT announced plans to reduce capital spending but produce more energy in 2025, attributing the decision to strong well performance, efficiency gains and synergies from the company's purchase of Equitrans Midstream, opens new tab in 2024. The Pittsburgh, Pennsylvania-based company now expects annual production of between 2,300 and 2,400 billion cubic feet equivalent (Bcfe), from 2,200 to 2,300 Bcfe previously. Total sales volume in the second quarter was 568,227 million cubic feet equivalent (MMcfe), compared with 507,512 MMcfe a year earlier. It expects total sales volume in the July-September quarter to be between 590 and 640 Bcfe. EQT is predominantly engaged in the exploration and production of natural gas, primarily in the Appalachian Basin, spanning Ohio, Pennsylvania and West Virginia. The company reported adjusted profit of 45 cents per share for the quarter ended June 30, above analysts' average estimate of 41 cents per share, according to data compiled by LSEG.
Yahoo
22-07-2025
- Business
- Yahoo
EQT Corp. (EQT) Falls Alongside NatGas Prices
We recently published . EQT Corp. (NYSE:EQT) is one of the biggest losers on Monday. Energy company EQT Corp. saw its share prices drop by 9.55 percent on Monday to close at $53.54 apiece as investor sentiment was weighed down by the continuous drop in natural gas prices. Based on data from Bloomberg, US natural gas futures were down by 0.03 percent $3.32/MMBtu, reversing some of last week's gains due to higher supply and weak demand from the cooling weather. Month-to-date, prices of natural gas prices are down by 3 percent, while year-to-date also marked a decline of 15.4 percent. Last week, EQT Corp. (NYSE:EQT) announced that its Board of Directors approved the distribution of $0.1575 cash dividends to shareholders as of August 6. The dividends will be payable on September 2, 2025. A storage facility for natural gas, showing the vast reserves of this abundant energy source. Additionally, EQT Corp. (NYSE:EQT) is set to announce the results of its second quarter earnings performance today, July 22, after market close. A conference call will follow on Wednesday, July 23, at 10 AM Eastern Time. While we acknowledge the potential of EQT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-07-2025
- Business
- Yahoo
Energy Stock Could Bounce Off Bullish Trendline
EQT Corp (NYSE:EQT) is down 1.5% at $54.06 at last glance, extending a pullback from its June 23, record high of $61.02. The security still boasts a 17.4% year-to-date lead, and support at $52 looks ready to contain any additional losses. What's more, a historically bullish signal flashing may help EQT partially reverse this recent pullback. According to Schaeffer's Senior Quantitative Analyst Rocky White, EQT is within one standard deviation of its 126-day moving average. Shares were above this this trendline in at least eight of the last 10 trading days, and spent 80% of the past two months above it. Within these parameters, five other signals occurred in the past five years, after which the equity was higher one month later 60% of the time, averaging a 7.1% gain. Short-term options traders have been much more bearish than usual. This is per the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.36, which ranks in the 92nd percentile of annual readings. An unwinding of this pessimism could create additional tailwinds for EQT. Options look like an affordable route for those looking to benefit from the security's next moves. This is per the stock's Schaeffer's Volatility Index (SVI) of 33%, which sits in the 9th percentile of its annual range. This means options traders are pricing in low volatility expectations. Connectez-vous pour accéder à votre portefeuille
CNBC
22-05-2025
- Business
- CNBC
Best Stocks: A name that's a standout in its sector, with terrific fundamentals and nice chart set-up
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh: One sector that's been down and out for most of this year has been energy. These stocks have not participated. Many of the blue chip names in the space have completely missed out on the rally this spring. So I thought it might be interesting to look at some of the better stocks in the energy sector as a prelude to a possible rotation. It's been my experience that paying attention to good stocks in a bad segment of the market is a nice way to be positioned for when the group comes back into favor. I prefer this idea as opposed to focusing on the cheapest or the hardest hit names and hoping for a bounce. Both approaches may be valid and produce good results, but for the purposes of the Best Stocks concept, we're looking for strength, not weakness. The Best Stocks in the Market list currently has four energy stocks on it — two high-yield dividend plays and two companies with more growth characteristics. We'll show you all the charts below and put the spotlight on the one that looks like the most interesting set-up. Best Stock spotlight: EQT Corp. (EQT) Sean: The energy sector has struggled in 2025. It is down 1.6% year-to-date, tied with healthcare as the second worst sector this year. Only 35% of S & P 500 Energy constituents are above their 50-day moving average and an abysmal 30% of constituents are above their 200-day moving average. Both of those technical readings are the lowest readings of any sector. As Josh mentioned, taking a look at what's been working within a poorly performing sector can give us insight into the highest quality stocks within that area of the market. Those four energy stocks on our list are EQT Corp. (EQT) , Expand Energy (EXE) , Williams Cos. (WMB) , and Kinder Morgan (KMI) . Both EQT and EXE are the more growth oriented of the four. Both firms are natural gas-focused exploration and production companies. EQT is the best of the bunch with a 21% YTD return, making it the second best energy stock this year, and the 35th best S & P 500 stock in 2025. EQT is an independent natural gas production company with operations in the Marcellus and Utica shales, located in the Appalachian Basin. The company also has a joint venture with Blackstone. All of the firm's operating revenue is generated within the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas. EQT has the second-highest expected EPS growth within S & P 500 Energy this year at 110% year-over-year EPS growth (just behind another stock on our list, EXE), and they expect 47% growth next year. What separates EQT from EXE (which we will hit next) is its profitability. EQT's operating margins are 17% while EXE's are 2%. EQT trades at a forward PE of 11x, all while ramping up its bottom line earnings. There's some institutional ownership here, too. As of Q1, big-name hedge funds like AQR, DE Shaw, and Millennium were ramping up ownership in the stock. It's a value stock acting like a momentum stock, which are great characteristics to have within a poorly performing sector. EXE has a good looking chart too: As of EXE's latest earnings call in April, it was the U.S.'s largest natural gas producer with holdings spanning 1.9 million acres. Free cash flow hit $533 million up from $131 million the previous year. EXE is also very well run. An entire portion of its earnings presentation is focused on a capital return framework. This includes a base dividend, an allocation of $500 million to pay down debt, plans to utilize additional free cash flow for variable dividends, and further balance sheet strengthening. The other two energy stocks on our list are WMB and KMI. Both of these firms are slower movers, operating midstream pipelines and refineries within the US. WMB has a dividend yield of 3.45% and KMI has a dividend yield of 4.25%. Both of these firms are holding up well in what's been a challenging environment for energy stocks, and they provide a bit more of a defensive posture relative to EXE and EQT. Risk Management Josh: What I like about the set-up for EQT is how well defined the risk is — the $50-$52 area had been resistance up until a month ago so it should become a support level in a rocky tape. So long as that level holds, I think you can be long. RSI in the low 60's confirms the recent retest of the highs but it is not at all overheated. Look for a high-volume breakout away from the $56 area as confirmation that the trade's going to work. DISCLOSURES: (None) All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL'S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. INVESTING INVOLVES RISK. EXAMPLES OF ANALYSIS CONTAINED IN THIS ARTICLE ARE ONLY EXAMPLES. THE VIEWS AND OPINIONS EXPRESSED ARE THOSE OF THE CONTRIBUTORS AND DO NOT NECESSARILY REFLECT THE OFFICIAL POLICY OR POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC. JOSH BROWN IS THE CEO OF RITHOLTZ WEALTH MANAGEMENT AND MAY MAINTAIN A SECURITY POSITION IN THE SECURITIES DISCUSSED. ASSUMPTIONS MADE WITHIN THE ANALYSIS ARE NOT REFLECTIVE OF THE POSITION OF RITHOLTZ WEALTH MANAGEMENT, LLC" TO THE END OF OR OUR DISCLOSURE. Click here for the full disclaimer.
Business Journals
22-04-2025
- Business
- Business Journals
EQT to acquire Marcellus Shale gas producer for $1.8 billion in latest expansion move
Story Highlights EQT Corp. to acquire Olympus Energy for $1.8 billion. Olympus Energy produces 500 million cubic feet of gas daily. Acquisition includes wells, acreage and midstream assets of Olympus Energy. EQT Corp. announced Tuesday it would acquire the upstream and midstream assets of Canonsburg-based natural gas driller Olympus Energy in a stock and cash deal worth $1.8 billion. Olympus Energy is a privately held company formerly known as Huntley & Huntley Energy Exploration. It became Olympus Energy in 2019. It's owned by Blackstone, a big private equity firm, and has about 500 million cubic feet of natural gas production per day from wells in and around Allegheny County. The deal announced by EQT (NYSE: EQT), one of the largest independent natural gas producers, includes $500 million in cash and 26 million shares of EQT common stock. The acquisition includes its wells, acreage and midstream assets. It will close in the third quarter. It's the latest acquisition by EQT, which has expanded under CEO Toby Z. Rice to also include, through other acquisitions, Chevron's Appalachia assets, Tug Hill Operating and its midstream assets, and Alta Resources in northeastern Pennsylvania. It follows EQT's acquisition of Equitrans Midstream Corp. (NYSE: ETRN) in an all-stock deal in 2024 and the November 2024 joint venture with Blackstone Credit & Insurance for a midstream joint venture that includes the Mountain Valley Pipeline it acquired earlier in the year in the Equitrans deal. EQT will grow larger still, in wells and also future sites to drill, with Olympus. It said Olympus has 10 years of Marcellus and seven years of Utica locations beyond its current drilling. 'The assets are positioned adjacent to several proposal power generation projects, providing strategic value upside,' Rice said in a statement. List of Largest Shale Gas Producers in Southwestern Pennsylvania Shale gas production, local, 2023 Rank Prior Rank Business name 1 1 EQT Corp. 2 2 Range Resources Corp. 3 3 CNX Resources Corp. View this list
