EQT Q4 2022 adj EPS $0.42, FY free cash flow $1.94B; provides 2023 guidance

EQT Corp

2022-FY EPS reported $4.38 revenue$7,497,689,000

Q4 2022 net income $1.714B ($4.28 EPS); adj net income $167M ($0.42 adj EPS).
FY 2022 adj EBITDA $3.523B, free cash flow $1.939B, net cash from ops $3.466B.
2023 guidance: sales volume 1,900-2,000 Bcfe, capex $1.7-1.9B; free cash flow breakeven ~$1.65/MMBtu NYMEX.
Repurchased 5.9M shares for $200M post-Q4; retired $283M debt in/after Q4; total debt retired >$1.1B since 2022 start.
Pending Tug Hill/XcL acquisition ($2.6B cash + 55M shares) expected to lower free cash flow breakeven ~$0.15/MMBtu.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.

Period: Three Months Ended December 31, 2022
Net income: Net income $ 1,714
Result: reported results

Exact text from the filing

Net income attributable to EQT $ 1,712 $ 1,805 $ (93)

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.

Period: Three Months Ended December 31, 2022
Net income: Net income $ 1,714
Result: reported results

Exact text from the filing

7 $ 2.68 $ 0.19 Net income attributable to EQT $ 1,712 $ 1,805 $ (93) Adjusted net income attributable to EQT (a) $ 167 $ 155 $ 12 Net income $ 1,714 $ 1,806 $ (92) Adjusted EBITDA (a) $ 679 $ 766 $ (87) Diluted earnings per share (EPS) $ 4.28 $ 4.33 $ (0.05) Adjusted EPS (a) $ 0.42 $ 0.37 $ 0.05 Net cash provided by operating activities $ 1,064 $ 1,171 $ (107) Adjusted operating cash flow (a) $ 622 $ 741 $ (119) Capital expenditures, excluding noncontrolling interests $ 396 $ 319 $ 77 Free cash flow (a) $ 226 $ 422 $ (196) (a) A non-GAAP financial measure.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.

Period: Three Months Ended December 31, 2022
Net income: Net income $ 1,714
Result: reported results

Exact text from the filing

Average realized price ($/Mcfe) $ 2.87 $ 2.68 $ 0.19

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EQT Corp reported Three Months Ended December 31, 2022 results: net income Net income $ 1,714.

Period: Three Months Ended December 31, 2022
Net income: Net income $ 1,714
Result: reported results

Exact text from the filing

ept average realized price and EPS) 2022 2021 Change Total sales volume (Bcfe) 459 527 (68) Average realized price ($/Mcfe) $ 2.87 $ 2.68 $ 0.19 Net income attributable to EQT $ 1,712 $ 1,805 $ (93) Adjusted net income attributable to EQT (a) $ 167 $ 155 $ 12 Net income $ 1,714 $ 1,806 $ (92) Adjusted EBITDA (a) $ 679 $ 766 $ (87) Diluted earnings per share (EPS) $ 4.28 $ 4.33 $ (0.05) Adjusted EPS (a) $ 0.42 $ 0.37 $ 0.05 Net cash provided by operating activities $ 1,064 $ 1,171 $ (107) Adjusted operating cash flow (a) $ 622 $ 741 $ (119) Capital expenditures, excluding noncontrolling interests $ 396 $ 319 $ 77 Free cash flow (a) $ 226 $ 422 $ (196) (a) A non-GAAP financial measure.

View on SEC.gov

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EQT Corp filing history →

Source: SEC EDGAR

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