Eqt Corp Stock Price, News & Analysis

EQT Corporation reported its Q1 2021 results, achieving sales volumes of 415 Bcfe, aligning with guidance. The average realized price was $2.61/Mcfe, and total operating costs per unit were $1.31/Mcfe. The company generated $400 million in operating cash with a free cash flow of $259 million. Notably, EQT reduced its capital expenditure guidance by $75 million and increased free cash flow expectations by the same amount. The net loss was $41 million, a significant improvement from $167 million a year prior. CEO Toby Rice emphasized the company's focus on operational efficiency and ESG leadership.

EQT Corporation (NYSE: EQT) will release its first quarter 2021 financial and operating results after market close on May 5, 2021. A conference call with securities analysts is scheduled for May 6, 2021, at 10:00 a.m. ET, where topics will include the quarterly results and a Q&A session. This new reporting schedule aims to provide stakeholders with timely access to information ahead of the conference call. Stakeholders can access the live audio webcast on EQT's investor relations website, with a replay available for seven days.

EQT Corporation (NYSE: EQT) supports Congressional disapproval of the 2020 Methane Rescission Rule, advocating for the reinstatement of NSPS OOOOa as a uniform federal standard. As the largest natural gas producer in the U.S., EQT emphasizes its commitment to reducing methane emissions and expanding its portfolio of certified natural gas. The company aims to obtain independent certification from Equitable Origin and MiQ, positioning itself to produce more certified gas than any competitor.

EQT Corporation (NYSE: EQT) announced its plan to seek independent certification for the majority of its natural gas production under standards developed by Equitable Origin and MiQ. The certification process begins this month and aims to enhance EQT's portfolio of certified natural gas, projected to represent 4.5% of U.S. natural gas production. The initiative is expected to reinforce EQT's commitment to high environmental and social standards, potentially differentiating their products in the market.

EQT Corporation reported its fourth quarter and full-year 2020 results, highlighting a net income of $64 million for Q4, compared to a loss of $1.177 billion in the previous year. Sales volumes increased to 401 Bcfe, aided by the acquisition of Chevron's assets. Operating costs reduced to $1.30/Mcfe, below guidance. The company achieved $406 million in net cash from operations and $109 million in free cash flow. For 2021, EQT anticipates sales volumes between 1,620-1,700 Bcfe and free cash flow of $500-$600 million, indicating a potential 10-12% yield.

EQT Corporation has launched a pilot project to produce responsibly sourced natural gas (RSG) aimed at meeting growing global energy demands. This initiative, in partnership with Project Canary, emphasizes high environmental and social standards. The project will involve third-party certification and real-time methane emissions monitoring on selected well pads. A global energy company has committed to purchasing a portion of the RSG produced. EQT aims to enhance transparency and improve its ESG performance, showcasing its commitment to responsible energy development.

EQT Corporation (NYSE: EQT) has initiated a pilot project aimed at producing responsibly sourced natural gas (RSG) to meet growing domestic and international energy demands. This project reflects EQT's commitment to environmental, social, and governance (ESG) leadership. The pilot involves third-party certification of two well pads, with real-time methane emissions monitoring provided by Project Canary. A global energy company has agreed to purchase a portion of the RSG produced. This initiative aims to enhance stakeholder confidence and transparency in energy production.

EQT Corporation (NYSE: EQT) has announced a conference call scheduled for February 17, 2021, at 10:30 a.m. ET, aimed at discussing the company's financial and operational results for Q4 and year-end 2020. The session will also provide an update on 2021 financial guidance, followed by a Q&A segment for securities analysts. Financial results will be published before the market opens on the same day. Interested parties can access the live webcast on EQT's investor relations website.

U.S. Well Services (Nasdaq: USWS) announced the execution of two contracts with EQT Corporation (NYSE: EQT) to expand its electric fracturing services. These agreements extend the current contract for one electric frac fleet and introduce a second fleet on a contracted basis, potentially leading to multi-year dedications if all options are taken. This move highlights EQT's commitment to utilizing U.S. Well Services’ Clean Fleet® technology, which enhances operational efficiency and reduces emissions compared to traditional diesel fleets.