EQT Corp. (EQT) Posts Mixed Q3 Results
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Q3 2015 Results Announced for EQT Midstream Partners and EQT GP Holdings
October 22, 2015 6:32 AM EDTPITTSBURGH--(BUSINESS WIRE)-- EQT Midstream Partners, LP (NYSE: EQM) and EQT GP Holdings, LP (NYSE: EQGP) today announced third quarter 2015 financial and operating results. EQT Midstream Partners, LP (EQM) net income for the quarter totaled $94.1 million, adjusted EBITDA was $113.4 million, and distributable cash flow was $101.8 million. EQM adjusted operating income was $102.2 million, or 28% higher than the same quarter last year. Net income attributable to EQT GP Holdings, LP (EQGP) for the third quarter totaled $38.1 million. The non-GAAP financial measures are reconciled in the Non-GAAP Disclosures section of this news release.
In... More
EQT Reports Third Quarter 2015 Earnings
October 22, 2015 6:30 AM EDTLow commodity prices continue to overwhelm strong operational results
PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT) today announced third quarter 2015 net income attributable to EQT of $40.8 million, or $0.27 per diluted share (EPS), compared to third quarter 2014 earnings of $98.6 million, or $0.65 EPS. The reported results were favorably impacted by the recognition of gains on natural gas hedging contracts for other periods. After excluding the impact of these derivative transactions, the adjusted net loss for the quarter was $50.2 million, or negative $0.33 adjusted EPS, compared to adjusted EPS of $0.50 in the third quarter of 2014. Adjusted operating cash flow attributable... More
