Benzinga | Oct 22, 2020 07:25AM EDT

EQT: Q3 Earnings Insights

Shares of EQT (NYSE:EQT) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 150.00% year over year to ($0.15), which beat the estimate of ($0.24).

Revenue of $172,127,000 declined by 81.91% year over year, which missed the estimate of $844,650,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 22, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fir.eqt.com%2F&eventid=2625590&sessionid=1&key=9996F4BD56B13596A33109A1102A0417&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $17.96

52-week low: $4.21

Price action over last quarter: Up 7.81%

Company Overview

EQT Corp is a natural gas producer that operates through its subsidiaries: EQT Production and EQT Midstream. Operating out of the Appalachian Basin, EQT Production produces natural gas by using lateral horizontal and completion drilling technologies. By using longer laterals and multiwell pads, the company is able to develop acreage in an economically profitable manner. The company is also able to reduce its environmental footprint by using its multiwell pads in unison with completion techniques. Alongside advanced drilling techniques, the company offers midstream header connectivity to interstate pipelines throughout the eastern United States under EQT Midstream.