EQT Reports First Quarter 2019 Results
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EQT Corp. (EQT) Tops Q1 EPS by 9c
April 25, 2019 6:34 AM EDTEQT Corp. (NYSE: EQT) reported Q1 EPS of $0.83, $0.09 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.21 billion.
Sales volumes of 383 Bcfe exceeded guidance of 360-380 Bcfe and increased 13%, adjusted for divestitures, from the first quarter 2018Full year sales volume guidance raised 10 Bcfe to 1,480 - 1,520 Bcfe while full year capital expenditure guidance remains unchanged at $1.85 - $1.95 billionDiluted earnings per share (EPS) and adjusted EPS* increased 113% and 24% to $0.75 and $0.83, respectively, despite a 5% lower average realized price compared to the first quarter of... More