earnings
confidence high
sentiment positive
materiality 0.85
EQT Q4 2024 net income $418M; free cash flow $588M; 2025 production guidance raised 125 Bcfe
EQT Corp
2024-FY EPS reported
$0.45
revenue$5,273,309,000
- Q4 2024 sales volume 605 Bcfe at high-end of guidance; capex $583M, 7% below low-end.
- Net income attributable to EQT $418M, adjusted EPS $0.69; full-year adjusted EPS $1.61.
- Closed non-operated asset sale and midstream JV, net proceeds ~$4.7B; exited with net debt $9.1B.
- Initiated 2025 production guidance 2,175-2,275 Bcfe, up 125 Bcfe; maintenance capex $1.95B-$2.12B.
- Planning to drop to 2 frac crews by end of Q1 2025; free cash flow breakeven <$0.90/MMBtu.