EQT Corporation (EQT - Free Report) is an integrated energy company that focuses on natural gas supply activities in the Appalachian area, including production and gathering, natural gas distribution and transmission as well as energy efficiency solutions, primarily in the eastern and western coastal regions of the United States. EQT conducts its operations in two segments EQT Production and EQT Midstream.
In the last four trailing quarters, EQT Corp has reported a positive average earnings surprise of 103.15%, beating the Zacks Consensus Estimate in three of the four quarters.
Zacks Rank: Currently, EQT Corp. has a Zacks Rank #3 (Hold) but that could change following its second quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings: EQT Corp’s earnings of 6 cents per share from continuing operations (excluding special items) lagged the Zacks Consensus Estimate of 8 cents.
Revenue: Total operating revenues of $690.9 million beat the Zacks Consensus Estimate of $631 million.
Key Stats: EQT Production reported second-quarter adjusted operating revenues of $566.1 million, up 45.1% year over year.
Adjusted operating loss was $4.2 million, narrower than $118 million loss in the year-earlier quarter.
Check back later for our full write up on this EQT Corp earnings report later!
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