EQT Corporation (EQT) - NYSE
  • Thu, Feb. 4, 6:50 AM
    • EQT (NYSE:EQT): Q4 EPS of -$0.06 beats by $0.07.
    • Revenue of $601.38M (-14.5% Y/Y) beats by $93.2M.
    | Thu, Feb. 4, 6:50 AM | 8 Comments
  • Wed, Feb. 3, 5:30 PM
  • Wed, Jan. 20, 4:05 PM
    • EQT (NYSE:EQT) declares $0.03/share quarterly dividend, in line with previous.
    • Forward yield 0.22%
    • Payable March 1; for shareholders of record Feb. 17; ex-div Feb. 12.
    | Wed, Jan. 20, 4:05 PM
  • Wed, Jan. 20, 3:48 PM
    • Southwestern Energy (SWN +13.2%) reverses sharp early losses and power to strong gains, as gas-focused E&P companies may be seen as a safe haven for investors seeking energy stocks but are anxious to avoid exposure to crude oil prices near 13-year lows.
    • "Gas is actually gives a bit of stability here,” Subash Chandra, managing director of Guggenheim Securities, tells Bloomberg, as gas producers already have adjusted to lower prices and are taking measures to stem a supply glut, similar to the one that crude oil is now navigating.
    • Other notable gas-focused gainers today include Chesapeake Energy (CHK +5.8%), EQT Corp. (EQT +3.5%), Cabot Oil & Gas (COG +3.6%), and Range Resources (RRC +7.1%).
    • "Gas has absolutely nothing to do with oil,” Oppenheimer's Fadel Gheit says, adding that the equities will advance if nat gas reaches $3.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Wed, Jan. 20, 3:48 PM | 43 Comments
  • Dec. 16, 2015, 2:31 PM
    • Moody's says it is reviewing 29 E&P companies from the U.S. and seven from Canada for a potential downgrade, saying the companies "will be stressed for a longer period with much lower cash flows, difficulty selling assets and limited capital markets access."
    • Based on the severity and potential duration of the industry challenges, Moody's expects many companies will be downgraded one notch and others could be lowered by more than one notch.
    • Yesterday, the ratings agency cut its oil and gas price assumptions in light of continuing oversupply in the global oil markets and the U.S. natural gas market.
    • Among the U.S. companies: APC, AR, APA, XEC, CXO, COP, CLR, DNR, EGN, EOG, EPE, EQT, HES, MRO, MUR, NFG, NFX, NBL, OXY, PXD, QEP, RRC, SM, SWN, UNT, WLL, WPX
    • From Canada: BTE, CNQ, OTCQX:COSWF, CVE, ECA, OTCPK:HUSKF, SU
    | Dec. 16, 2015, 2:31 PM | 36 Comments
  • Dec. 9, 2015, 10:47 AM
    • EQT Corp. (EQT +1.4%) and Gulfport Energy (GPOR +3.9%) are J.P. Morgan's top picks among E&P companies focused on the Marcellus and Utica shales, which the firm says are structurally advantaged, given the low-end of the U.S. natural gas cost curve and vast inventories of ready-to-drill locations.
    • The firm says EQT's cash cost structure of $1.11/Mcfe and total cost structure of $2.35/Mcfe are well below the average of Marcellus/Utica peers, a key competitive advantage within a natural gas environment that could remain "challenged for many years."
    • GPOR's positioning within the Utica Shale includes 160K net acres in the core of the dry gas window, which JPM provides the company with a "remarkable growth opportunity" over the next 10-plus years.
    • JPM initiates Cabot Oil & Gas (COG +2.5%), Eclipse Resources (ECR +7.3%), Range Resources (RRC +4%), Rice Energy (RICE +6.3%) and Southwestern Energy (SWN +3.4%) with Neutral ratings, and starts Antero Resources (AR +2.6%) at Underweight.
    | Dec. 9, 2015, 10:47 AM | 5 Comments
  • Dec. 8, 2015, 12:27 PM
    • Wholesale gas for January delivery has nosedived, dropping 6.3% just this week to just above $2/MMBtu, the lowest for any January-delivered futures contract in 17 years and sinking shares of the biggest gas producers.
    • The traditional pattern is for U.S. gas use to soar in January, as an exceptionally warm start to the cold weather season has undercut forecast gas consumption thanks to El Niño effects that have caused mild temperatures across big northern cities such as New York and Chicago.
    • Meanwhile, gas production from areas such as the Marcellus Shale of Pennsylvania and Utica Shale of Ohio has kept rising in spite of lower prices.
    • Chesapeake Energy (CHK +0.4%) has dropped 18% in the past week, Cabot Oil & Gas (COG +3.2%) has lost 9%, and EQT (EQT +0.3%) has slid 7%.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Dec. 8, 2015, 12:27 PM | 32 Comments
  • Dec. 7, 2015, 2:59 PM
    • EQT Corp. (EQT -4.2%) outlines plans to spend ~$1B in 2016, including EQT Midstream Partners (EQM -4%), more than 80% of which will go towards well development in the Marcellus and the Utica shales.
    • EQT sees production sales volume in 2016 of 700B-720B cfe, with plans to drill 72 Marcellus wells with an average lateral length of 7K ft., all of which will be on multi-well pads to maximize operational efficiency and well economics; EQT also plans to drill five deep Utica wells with an average lateral length of 5.2K ft., with possibly up to another five wells drilled.
    • EQT says the Huron gathering system will not be dropped into EQM, because of declining volume and cash flow trajectory.
    | Dec. 7, 2015, 2:59 PM | 2 Comments
  • Dec. 3, 2015, 4:44 PM
    • EQT Corp. (NYSE:EQT) says it appointed Steven Schlotterbeck as its new President, while David Porges will remain Chairman and CEO; he will retain his existing responsibilities for EQTs E&P business unit.
    • Schlotterbeck joined EQT in 2000, becoming senior VP of EQT and president of exploration and production in 2010, and then executive VP of EQT in 2013.
    | Dec. 3, 2015, 4:44 PM
  • Nov. 28, 2015, 8:25 AM
    • A big find would send an energy company’s stock surging in normal times, but in an environment of excess supply, it is having the opposite effect of pushing down share prices.
    • A WSJ report offers a case in point: EQT Corp. (NYSE:EQT) in July drilled what by some measures is the biggest natural gas gusher ever - a well in Pennsylvania's Utica Shale that spewed enough gas in its first 24 hours to power every home in Pittsburgh for nearly three days - but EQT shares have slumped 29% since news of the find.
    • EQT believes the Utica, which has been only lightly explored so far since it lies more than three miles underground, has the potential to be so prolific that it could lower natural gas prices and make competing projects uneconomical.
    • Shares of Range Resources (NYSE:RRC) and Consol Energy (NYSE:CNX) have tumbled a respective 44% and 54% since those companies disclosed their own prolific Utica wells in December and July.
    • Southwestern Energy (NYSE:SWN) and Chesapeake Energy (NYSE:CHK), which have drilling land above the Utica but derive most of their production from other regions, have dropped a respective 53% and 40% since EQT disclosed the first details of its well.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, KOLD, UNL, DCNG
    | Nov. 28, 2015, 8:25 AM | 98 Comments
  • Nov. 2, 2015, 7:35 PM
    • Credit Suisse forecasts that natural gas prices will rise more than expected this winter, and recommends buying EQT Corp. (NYSE:EQT), Range Resources (NYSE:RRC), Rice Energy (NYSE:RICE) and Southwestern Energy (NYSE:SWN).
    • While forecasters see a likely warmer than usual start to November, this year's El Niño should produce greater cold in the northeast in January and February - where and when it matters the most - Credit Suisse says.
    • EQT, for one, is expected to have 99% of its production come in as natural gas, and has superior cost structure and above average growth; with an increasing reserve structure and a projected higher number of Marcellus wells to be drilled in the coming five years, the firm thinks EQT exhibits industry-leading organic growth momentum.
    • ETFs: UNG, UGAZ, DGAZ, BOIL, GAZ, FCG, GASL, KOLD, UNL, DCNG
    | Nov. 2, 2015, 7:35 PM | 40 Comments
  • Oct. 27, 2015, 11:34 AM
    | Oct. 27, 2015, 11:34 AM | 40 Comments
  • Oct. 22, 2015, 5:20 PM
    • EQT Corp. (NYSE:EQT) fell 8% in today's trade after saying it will suspend natural gas drilling outside of core areas in Pennsylvania and West Virginia.
    • EQT CEO David Porges said in today's earnings conference call that EQT will focus on core acreage in the Marcellus and Deep Utica formations in southwestern Pennsylvania and northern West Virginia.
    • EQT plans to drill 10-15 wells next year in the Deep Utica formation, which "could be larger than the Marcellus over time,” Porges says, offering a preliminary estimate for EQT's 2016 production growth at 15%-20% above 2015 levels.
    • EQT Midstream (NYSE:EQM) fell 3.6% today.
    | Oct. 22, 2015, 5:20 PM | 1 Comment
  • Oct. 22, 2015, 6:36 AM
    • EQT (NYSE:EQT): Q3 EPS of -$0.33 misses by $0.15.
    • Revenue of $577.01M (-0.3% Y/Y) beats by $95.01M.
    | Oct. 22, 2015, 6:36 AM
  • Oct. 21, 2015, 5:30 PM
    | Oct. 21, 2015, 5:30 PM | 25 Comments
  • Oct. 14, 2015, 4:40 PM
    • EQT (NYSE:EQT) declares $0.03/share quarterly dividend, in line with previous.
    • Forward yield 0.16%
    • Payable Dec. 1; for shareholders of record Nov. 13; ex-div Nov. 10.
    | Oct. 14, 2015, 4:40 PM
Company Description
EQT Corp. is focuses on natural gas production, gathering and transmission in the Appalachian area. The company operates its business through two segments: EQT Production and EQT Midstream. The EQT Production segment engages in the exploration, development and production of natural gas, natural... More
Sector: Utilities
Industry: Gas Utilities
Country: United States