EQT Q1 net income $103M vs $1.2B YoY; adj. EPS $0.82; free cash flow $402M

EQT Corp

2024-Q1 EPS reported $0.23 revenue$1,412,268,000

Net income $103M ($0.23 EPS); adjusted net income $365M ($0.82 adj. EPS); prior year $1.2B net income.
Sales volume 534 Bcfe (+16% YoY), avg realized price $3.22/Mcfe (down from $4.11/Mcfe).
Free cash flow $402M; total debt reduced to $5.5B, net debt $4.9B; cash on balance sheet $650M.
Agreed to sell 40% non-operated PA assets to Equinor for >$1.1B; Equitrans acquisition pending with MVP in-service filing.
Updated 2024 sales volume guidance to 2,100-2,200 Bcfe; maintenance capex reaffirmed $1.95-2.05B.

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 0.85

EQT Corp reported financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

Today, EQT Corporation ("EQT") issued a news release announcing its first quarter 2024 earnings.

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1347 earnings releases filed in the last 30 days. Browse all earnings releases →

EQT Corp filing history →

Source: SEC EDGAR

accession 0000033213-24-000018

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