Last $99.06 USD
Change Today +1.07 / 1.09%
Volume 743.6K
EQT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

eqt corp (EQT) Snapshot

Open
$97.75
Previous Close
$97.99
Day High
$99.12
Day Low
$97.56
52 Week High
04/24/14 - $111.47
52 Week Low
11/7/13 - $80.72
Market Cap
15.0B
Average Volume 10 Days
888.5K
EPS TTM
$2.52
Shares Outstanding
151.5M
EX-Date
08/13/14
P/E TM
39.4x
Dividend
$0.12
Dividend Yield
0.12%
Current Stock Chart for EQT CORP (EQT)

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eqt corp (EQT) Details

EQT Corporation, together with its subsidiaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream. The EQT Production segment explores for, as well as develops and produces natural gas, natural gas liquids (NGLs), and crude oil in the Appalachian Basin. As of December 31, 2013, it had 8.3 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 3.6 million gross acres, including approximately 580,000 gross acres in the Marcellus play. The EQT Midstream segment provides natural gas gathering, transmission, and storage services for the company’s produced gas, as well as for independent third parties in the Appalachian Basin. This segment owns and operates approximately 9,450 miles of gathering lines and 218 compressor stations. EQT Corporation was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

1,621 Employees
Last Reported Date: 02/20/14
Founded in 1925

eqt corp (EQT) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $882.7K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $415.4K
Senior Vice President and President of Midstr...
Total Annual Compensation: $459.0K
Executive Vice President and President of Exp...
Total Annual Compensation: $459.0K
Vice President of External Affairs and Genera...
Total Annual Compensation: $358.3K
Compensation as of Fiscal Year 2013.

eqt corp (EQT) Key Developments

EQT Midstream To Acquire Assets Of EQT Corp

EQT Midstream Partners, LP (NYSE:EQM) is expecting to continue to acquire assets of EQT Corporation (NYSE:EQM).

EQT Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended and Operating Results for the Second Quarter Ended June 30, 2014; Reiterates Production Sales Volume Guidance for 2014, Provides Cash Flow Guidance for the Year 2014 and Provides Production Guidance for the Third Quarter of 2014

EQT Corporation reported unaudited consolidated earnings results for the second quarter and six months ended and operating results for the second quarter ended June 30, 2014. For the quarter, the company reported operating revenues of $526,168,000 against $473,093,000 a year ago. Operating income was $224,771,000 against $161,980,000 a year ago. Income before income taxes was $195,477,000 against $126,637,000 a year ago. Income from continuing operations was $136,388,000 against $88,559,000 a year ago. Net income attributable to the company was $110,921,000 or $0.73 per diluted share against $86,856 million or $0.57 per diluted share a year ago. Income from continuing operations attributable to the company was $109,045,000 or $0.72 per diluted share against $81,297,000 or $0.54 per diluted share a year ago. Net cash provided by operating activities was $285,623,000 against $297,705,000 a year ago. Adjusted operating cash flow was $317,225,000 or $2.08 per share against $319,054,000 or $2.11 per share a year ago. For the six months period, the company reported operating revenues of $1,187,793,000 against $888,976,000 a year ago. Operating income was $581,562,000 against $306,459,000 a year ago. Income before income taxes was $522,851,000 against $235,645,000 a year ago. Income from continuing operations was $347,427,000 against $162,799,000 a year ago. Net income attributable to the company was $303,114,000 or $1.99 per diluted share against $187,111,000 or $1.24 per diluted share a year ago. Income from continuing operations attributable to the company was $109,045,000 or $1.98 per diluted share against $81,297,000 or $0.97 per diluted share a year ago. Net cash provided by operating activities was $285,623,000 against $297,705,000 a year ago. Adjusted operating cash flow was $798,333,000 or $5.23 per share against $626,573,000 or $4.14 per share a year ago. For the second quarter, the company production achieved sales volume of 110.1 Bcfe in the second quarter 2014, representing a 17% increase compared to the second quarter 2013. Sales volume from the Marcellus/Upper Devonian averaged 943.4 MMcfe per day, 25% higher; and natural gas liquids (NGL) volume totaled 1,326 Mbbls, 15% higher. Sales volume was approximately 4 Bcf below guidance due to the delay of turning-in-line 22 wells on 3 multi-well pads; all of which are currently producing. Sales volume was approximately 4 Bcf, due to the delay of turning-in-line 22 wells on 3 multi-well pads; all of which are currently producing. The company reiterates its 2014 production sales volume guidance of 465 -480 Bcfe; and expects liquids volume to be 6,500 - 6,600 Mbbls. Production sales volume for the third quarter 2014 is projected to be 118 - 122 Bcfe; and liquids volume is expected to be 1,800 -1,900 Mbbls. The company operating cash flow estimate for full year 2014 is approximately $1.5 billion. The company expected third quarter production volumes of 118 Bcf to 122 Bcf equivalent or a 9% sequential growth rate assuming the mid point of that range.

EQT Corporation Declares Quarterly Cash Dividend Payable on September 1, 2014

EQT Corporation announced the declaration of a quarterly cash dividend of $0.03 per share, payable September 1, 2014, to shareholders of record at the close of business on August 15, 2014.

 

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Industry Analysis

EQT

Industry Average

Valuation EQT Industry Range
Price/Earnings 32.9x
Price/Sales 6.9x
Price/Book 3.5x
Price/Cash Flow 12.8x
TEV/Sales 4.2x
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