other material
confidence high
sentiment neutral
materiality 0.80
EQT Q3 net loss $301M, adjusted EPS $0.12; sells non-operated PA assets for $1.25B
EQT Corp
- Q3 2024 net loss $301M ($0.54 diluted loss); adjusted net income $69M ($0.12 adjusted EPS) vs prior yr income $81M ($0.20 EPS).
- Sales volume 581 Bcfe (above high-end guidance); avg realized price $2.38/Mcfe (+$0.10 YoY).
- Integration of Equitrans over 60% complete; $145M annualized base synergies derisked.
- Agreement to sell remaining non-operated PA assets to Equinor for $1.25B cash; proceeds to debt repayment; close expected Q4 2024.
- Q4 2024 guidance: sales 555-605 Bcfe, total operating costs $1.07-$1.21/Mcfe, CapEx $630-$730M.