EQT Corp. (EQT) Tops Q1 EPS by 9c
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EQT Reports First Quarter 2016 Earnings
April 28, 2016 6:25 AM EDTSignificant volume growth continues
PITTSBURGH--(BUSINESS WIRE)-- EQT Corporation (NYSE: EQT) today announced first quarter 2016 net income attributable to EQT of $5.6 million, or $0.04 per diluted share (EPS), compared to earnings of $173.4 million, or $1.14 per diluted share for the first quarter of 2015. Adjusted net income was $10.5 million in the first quarter 2016, $153.0 million lower than the first quarter 2015; and adjusted EPS was $0.07, down from $1.07. Adjusted operating cash flow attributable to EQT was $218.6 million, $156.0 million lower than the first quarter 2015. The non-GAAP financial measures are detailed and reconciled in the Non-GAAP Disclosures section of this news release.
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