EQT Corp. (EQT) Tops Q1 EPS by 20c; offers outlook

EQT Corp. (NYSE: EQT) reported Q1 EPS of $1.18, $0.20 better than the analyst estimate of $0.98. Revenue for the quarter came in at $2.24 billion versus the consensus estimate of $2.19 billion.

OUTLOOK

2025 Outlook
In 2025, the Company expects total sales volume of 2,200 – 2,300 Bcfe, an increase of 25 Bcfe from its prior outlook. The Company expects to spend $1,950 – $2,070 million on maintenance capital expenditures in 2025, which is $25 million below its prior guidance. Expected maintenance capital expenditures spend includes $205 – $225 million of corporate and capitalized costs. The Company reaffirms its plans to spend $350 – $380 million on strategic growth capital expenditures in 2025, which targets the Company\'s pressure reduction program in addition to opportunistic, high-return water infrastructure and land opportunities. During 2025, the Company plans to turn-in-line (TIL) 95 – 120 net wells, including 32 – 50 net wells in the second quarter of 2025. Total sales volume in the second quarter of 2025 is expected to be 520 – 570 Bcfe.

All guidance items exclude the impact of the pending Olympus Energy Acquisition.

For earnings history and earnings-related data on EQT Corp. (EQT) click here.

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