earnings
confidence high
sentiment positive
materiality 0.85
EQT Q1 adj EPS $1.18, FCF $1.04B; raises 2025 guidance; acquires Olympus for $1.8B
EQT Corp
2025-Q1 EPS reported
$0.40
revenue$1,739,850,000
- Q1 sales volume 571 Bcfe (high-end of guidance); net income $242M; adjusted net income $713M ($1.18 adj EPS).
- Generated $1,036M free cash flow attributable to EQT; net debt reduced ~$1B to $8.1B.
- Raising 2025 production guidance by 25 Bcfe to 2,200-2,300 Bcfe; lowering capex midpoint by $25M to $1,950-2,070M.
- Announced $1.8B acquisition of Olympus Energy assets: $500M cash + ~26M EQT shares; ~3.4x EBITDA multiple, ~15% FCF yield; expected close early Q3 2025.
- Pro-forma year-end 2025 net debt forecast ~$7B, below $7.5B target.