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

EARNINGS REPORT by CSIMarket

Sales and Earnings Unchanged


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Eqt Corp announced second quarter 2017 operating income of $189.794 millions



For the second quarter 2017 Eqt Corp eps of $0.24 per share compare to $0.00 a year ago and eps dropped by -74.74 % from $0.95 per share from the previous quarter.

Sales remained unchanged to $691 millions from $0 millions in the same quarter a year ago and sequentially Sales fell by -23.02 % from $898 millions.



All of the company's earnings growth, was located in Midstream segment, while growth was cut back by -67.58% in Production business. This made Company profitable again in the second quarter 2017, with $123 millions, an increase from net loss of $-181 millions in the second quarter 2017 a year ago. Eqt Corp also emphasized it's improving profit margins, where net margin rose to 17.75% in second quarter 2017, and operating margin edged up to 27.47%.

Analysing further company's results, an astounding rise of 26.7% in Average daily sales volumes (MMcfe/d) to 3.40 explains the second 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).

Eqt Corp is expected to report next financial results on October 25, 2017.
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Other EQT's Earnings Reports

Eqt reported first quarter 2017 earnings

Eqt reported forth quarter 2016 earnings

Eqt reported third quarter 2016 earnings

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