EQT Earnings Prediction
The chart below shows how EQT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EQT sees a +0.41% change in stock price 10 days leading up to the earnings, and a +2.35% change 10 days following the report. On the earnings day itself, the stock moves by -0.68%. This data can give you a slight idea of what to expect for the next quarter's release.
EQT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.22B
20.71%
36.56%
Gross Margin
7.64%
227.12%
-130.94%
Operating Margin
-26.82%
75.41%
-29.88%
Net Margin
-24.44%
-405.12%
-2450.00%
EPS
-0.54
-370.00%
-2800.00%
No Data Available
EQT Earnings Analysis
EQT CORP Corporation (EQT.N) Earnings Conference Call
Positive
Strategic Acquisition Impact: EQT's strategic acquisition of Equitrans Midstream has transformed the company into America's only large-scale vertically integrated natural gas business, enhancing its market position.
Cost Savings Achievement: EQT achieved $145 million in annualized financial and corporate cost savings, exceeding original underwriting assumptions by $25 million.
Integration Task Efficiency: The integration team completed over 60% of total integration tasks in just three months, demonstrating remarkable efficiency and progress.
Water Delivery Efficiency Improvement: EQT set a new record for water delivery pace, achieving a 10% improvement over previous records, which enhances operational efficiency.
Operational Efficiency Savings: The company expects to generate approximately $50 million to $60 million in annual savings from operational efficiencies related to its strategic initiatives.
Negative
Production Decline Analysis: EQT's Q3 2024 results showed a significant decline in production, with volumes dropping to 581 Bcf, representing a 4% increase over the high end of guidance but still below expectations.
Operating Cost Decrease: The company reported a decrease in operating costs, coming in at $1.07 per Mcfe, which is below the low end of guidance, indicating potential inefficiencies in cost management.
Capital Expenditures Concerns: EQT's capital expenditures for the quarter were nearly $100 million below expectations, raising concerns about future investment capabilities and operational efficiency.
Integration Delays and Challenges: The integration of Equitrans has not yet yielded the anticipated synergies, with only 60% of total integration tasks completed in just three months, suggesting delays in achieving operational efficiencies.
Customer Growth Challenges: The company faced challenges in customer growth, as the demand for natural gas is expected to decline, impacting future revenue projections.
EQT FAQs
How does EQT typically perform around its earnings report dates?
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EQT Earning Call Sentiment
EQT Corporation (EQT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
EQT.N
3.81%Positive
The earnings call highlights strong financial performance with increased sales volumes, operational efficiency, and lower operating costs, leading to significant free cash flow projections. The acquisition of Equitrans Midstream and synergy capture further bolster the outlook. While management was unclear on some specifics, the overall sentiment in the Q&A was positive, with flexibility in production curtailment and strong future demand for natural gas. The company's debt reduction and asset sale strategy also support a positive sentiment. These factors suggest a likely positive stock price movement over the next two weeks.
