EQT Corp. (EQT) Tops Q4 EPS by 51c
EQT Corp. (NYSE: EQT) reported Q4 EPS of $0.76, $0.51 better than the analyst estimate of $0.25.
2018 GUIDANCESee the Non-GAAP Disclosures section for important information regarding the non-GAAP financial measures included in this news release, including reasons why EQT is unable to provide projections of its 2018 net cash provided by operating activities, the most comparable financial measure to adjusted operating cash flow attributable to EQT and EQT Production, calculated in accordance with GAAP.
| PRODUCTION | Q1 2018 | 2018 | ||
| Total production sales volume (Bcfe) | 350 – 360 | 1,520 – 1,560 | ||
| Liquids sales volume, excluding ethane (Mbbls) | 3,230 – 3,250 | 12,300 – 12,600 | ||
| Ethane sales volume (Mbbls) | 1,540 – 1,560 | 4,900 – 5,200 | ||
| Total liquids sales volume (Mbbls) | 4,770 - 4,810 | 17,200 - 17,800 | ||
| Marcellus / Utica Rigs | 8 - 10 | |||
| Top-hole rigs | 4 - 5 | |||
| Frac Crews | 9 - 11 | |||
| Unit Costs ($ / Mcfe) | ||||
| Gathering to EQM and RMP | $ 0.48 – 0.50 | |||
| Transmission to EQM | $ 0.11 – 0.13 | |||
| Third-party gathering and transmission | $ 0.39 – 0.41 | |||
| LOE, excluding production taxes | $ 0.07 – 0.09 | |||
| Production taxes | $ 0.06 – 0.08 | |||
| SG&A | $ 0.10 – 0.12 | |||
| DD&A | $ 1.10 – 1.12 | |||
| Development costs ($ / Mcfe) |
| $ 0.41 - 0.43 | ||
| Average differential ($ / Mcf) | $ 0.15 – 0.25 | $ (0.35) – (0.25) | ||
| Pipeline and net marketing services ($MM) | $ 60 – 70 | $ 60 – 70 | ||
Processing expense ($MM) | $185 |
For earnings history and earnings-related data on EQT Corp. (EQT) click here.