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November 23, 2009 8:20 AM ET

EQT Corporation (EQT:NYSE)

LAST $40.54 USD
CHANGE TODAY 0.00 0.00%
VOLUME 300.0
As of November 20, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of EQT Corporation (EQT)

OPEN
--
PREVIOUS CLOSE
$40.54
DAY HIGH
--
DAY LOW
--
52 WEEK HIGH
10/21/09 - $46.80
52 WEEK LOW
12/5/08 - $26.09
MARKET CAP
5.3B
AVERAGE VOLUME 3 mo
1.1M
DILUTED EPS TTM
$1.03
SHARES OUTSTANDING
130.9M
EX-DATE
11/4/09
P/E TTM
39.4x
DIVIDEND
$0.88
DIVIDEND YIELD
2.17%
K = Thousands  M = Millions  B = Billions

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EQT Details

EQT Corporation, together with its subsidiaries, operates as an integrated energy company in the United States. The company operates through three segments: EQT Production, EQT Midstream, and Equitable Distribution. The EQT Production segment’s properties are located primarily in Kentucky, Pennsylvania, Virginia, and West Virginia. This segment has approximately 3.4 million gross acres, which include acreage of proved developed and undeveloped natural gas and oil production properties. The EQT Midstream segment offers gathering, processing, transmission, and storage services to EQT Production and independent third parties. This segment includes approximately 10,450 miles of gathering lines located in western Pennsylvania, West Virginia, eastern Kentucky, and southwestern Virginia. It also has a gas processing facility, Kentucky Hydrocarbon, located in Langley, Kentucky. The Equitable Distribution segment distributes and sells natural gas to residential, commercial, and industrial customers in southwestern Pennsylvania, West Virginia, and eastern Kentucky. This segment provides natural gas distribution services to approximately 275,800 customers comprising of 257,200 residential customers, and 18,600 commercial and industrial customers in southwestern Pennsylvania, municipalities in northern West Virginia. The company was formerly known as Equitable Resources, Inc. and changed its name to EQT Corporation in February 2009. EQT Corporation was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

1,680 Employees
Founded in 1888

EQT Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Age: 55
Total Annual Compensation: $1.6M
President, Chief Operating Officer and Direct...
Age: 51
Total Annual Compensation: $420.2K
Chief Financial Officer and Senior Vice Presi...
Age: 49
Total Annual Compensation: $319.2K
President of Production and Vice President
Age: 43
Total Annual Compensation: $300.5K
Senior Vice President and President of Midstr...
Age: 46
Total Annual Compensation: $284.0K
Compensation as of Fiscal Year 2008.

Key developments for EQT Corporation (EQT)

EQT Corporation expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

EQT Corporation expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

EQT Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009

EQT Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported operating income of $39,932,000, income before income taxes of $10,000,000, net income of $2,909,000, or $0.02 per diluted share on operating revenues of $218,357,000 compared to operating income of $162,726,000, income before income taxes of $151,882,000, net income of $96,198,000, or $0.73 per diluted share on operating revenues of $297,827,000 for the same period last year. The company reported net cash provided by operating activities of $84,469,000 compared to net cash provided by operating activities of $238,127,000 for the same period last year. For the nine months, the company reported operating income of $243,582,000, income before income taxes of $171,967,000, net income of $101,547,000, or $0.77 per diluted share on operating revenues of $925,800,000 compared to operating income of $383,282,000, income before income taxes of $352,547,000, net income of $222,109,000, or $1.74 per diluted share on operating revenues of $1,167,610,000 for the same period last year. The company reported net cash provided by operating activities of $552,585,000 compared to net cash provided by operating activities of $326,871,000 for the same period last year. Higher long-term incentive compensation expense and lower commodity prices more than offset higher revenues from increased production, gathering and processing volumes and higher utility rates.

EQT Corporation Provides Earnings Guidance for the Full Year 2009 and 2010

EQT Corporation provided earnings guidance for the full year 2009 and 2010. The company is continuing to estimate that 2009 operating cash flow will be about $600 million, inclusive of tax refunds. For 2010, the company expects to achieve a sales growth rate similar to the rate experienced in the current year 2009 with 15 to 20% less CapEx than its current year's CapEx.

BusinessWeek Rankings

BusinessWeek 50
2009  #34

Stock Quotes

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EQT Competitors

Company Last Change
Boardwalk Pipeline Partners LP $27.30 USD -0.20
Cabot Oil & Gas Corp $38.22 USD -0.58
Energen Corp $42.95 USD -0.30
Pioneer Natural Resources Co $40.91 USD -0.40
Plains Exploration & Production Co $26.39 USD -0.67
View Industry Companies
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Industry Analysis

Valuation EQT Industry Range
Price/Earnings 39.4x
Price/Sales 4.0x
Price/Book 2.5x
Price/Cash Flow 16.8x
Not meaningful
TEV/Sales 2.4x

EQT

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