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Eqt Corp  (EQT)
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    Sector  Energy    Industry Oil And Gas Production
 
 

EARNINGS REPORT by CSIMarket

EPS Soar, Sales very Strong


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Eqt Corp announced first quarter 2017 operating income of $390.644 millions



Eqt Corp delivered very strong results in the first quarter 2017, where Sales soared by 64.66 % to $898 millions, driven by higher sales in Midstream, while company's earnings per share soared by 2275 % to $0.95 per share, from the same quarter a year ago.

In contrast to the forth quarter 2016 Sales surged by 77.18 % from $507 millions and EPS turn positive from $-0.80 per share.

All of the company's earnings growth, was located in Midstream segment, while growth was cut back by -67.58% in Production business. Earnings grew 183.52 % to $251 millions for the first quarter 2017, compare to income of $88 millions achieved a year before. Eqt Corp also emphasized it's improving profit margins, where net margin rose to 27.93% in first quarter 2017, and operating margin edged up to 43.52%.

Analysing further company's results, an astounding rise of 26.7% in Average daily sales volumes (MMcfe/d) to 3.40 explains the first quarter 2017 performance.
While following 4 indicators decreased catastrofaly: Natural gas & oil sales (Bcfe) -89.79 %, Average wellhead sales price (Mcfe $) -58.84 %. Worst was: Natural gas & oil sales (Bcfe).
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Other EQT's Earnings Reports

Eqt reported forth quarter 2016 earnings

Eqt reported third quarter 2016 earnings

Eqt reported second quarter 2016 earnings



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