December 1, 2017 - 7:20 AM EST
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Free Research Report as EQT’s Revenue Increased 18.6%

Stock Monitor: New Concept Energy Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 01, 2017 / Active-Investors free earnings report on EQT Corp. (NYSE: EQT) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=EQT. The Company posted its financial results on October 26, 2017, for the third quarter fiscal 2017. The natural gas Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.comis currently working on the research report for New Concept Energy, Inc. (NYSE AMER: GBR), which also belongs to the Basic Materials sector as the Company EQT Corp. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=GBR

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, EQT Corp. most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=EQT

Earnings Highlights and Summary

For three months ended September 30, 2017, EQT's total operating revenues increased 18.6% to $660.31 million from $556.73 million in Q3 FY16. Total revenue surpassed analysts' expectations of $651 million.

For the reported quarter, EQT's transportation and processing expenses increased 51.6% to $136.22 million from $89.88 million in Q3 FY16. During Q3 FY17, the Company's selling, general, and administrative (SG&A) expenses increased 25.6% to $77.17 million from $61.43 million in the same period last year. For the reported quarter, the Company's depreciation, depletion, and amortization increased 4% to $246.56 million from $237.09 million in the third quarter of 2016.

During Q3 FY17, EQT's operating income increased 27% to $137.69 million from $108.46 million in the same period last year. During Q3 FY17, the Company's operating margin increased 140 basis points to 20.9% of revenue from 19.5% of revenue in the same period last year.

For the reported quarter, EQT's net income was positive $23.34 million compared to negative $8.02 million in Q3 FY16. During Q3 FY17, the Company's diluted EPS was positive $0.13 compared to negative $0.05 in the same period last year. For the reported quarter, EQT's adjusted net income was positive $20.84 million compared to negative $47.86 million in Q3 FY16. During Q3 FY17, the Company's adjusted diluted EPS was positive $0.12 compared to negative $0.28 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of negative $0.04.

Segment Details

EQT Production - During Q3 FY17, the EQT Production segment's total operating revenue increased 17.6% to $597.72 million from $508.09 million in the same period last year. For the reported quarter, the segment's operating income was positive $12.08 million compared to negative $15.47 million in the third quarter of 2016. For the reported quarter, the segment's total production sales volume increased 4.6% to 205.07 Bcfe from 196.09 Bcfe in Q3 FY16. The segment's average realized price was $2.76 Mcfe for the reported quarter compared to $2.20 Mcfe in Q3 FY16.

EQT Gathering - During Q3 FY17, the EQT Gathering segment's total operating revenue increased 17.5% to $116.52 million from $99.14 million in the same period last year. For the reported quarter, the segment's operating income increased 18.4% to $85.82 million from $72.50 million in the third quarter of 2016.

EQT Transmission - During Q3 FY17, the EQT Transmission segment's total operating revenue increased 16.8% to $90.67 million from $77.63 million in the same period last year. For the reported quarter, the segment's operating income increased 11.1% to $59.69 million from $53.72 million in the third quarter of 2016.

Balance Sheet

During Q3 FY17, EQT's cash provided by operating activities increased 46.7% to $402.38 million from $274.30 million in the same period last year.

On November 13, 2017, the Company completed its acquisition of Rice Energy Inc. The transaction complemented the Company's production and midstream businesses and would deliver significant operational synergies.

Stock Performance Snapshot

November 30, 2017 - At Thursday's closing bell, EQT Corp.'s stock climbed 2.56%, ending the trading session at $59.60.

Volume traded for the day: 4.46 million shares, which was above the 3-month average volume of 3.78 million shares.

Stock performance in the previous six-month period – up 8.78%

After yesterday's close, EQT Corp.'s market cap was at $10.43 billion.

Price to Earnings (P/E) ratio was at 293.60.

The stock has a dividend yield of 0.20%.

The stock is part of the Basic Materials sector, categorized under the Independent Oil & Gas industry. This sector was up 1.0% at the end of the session.

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Source: ACCESSWIRE Investor Awareness (December 1, 2017 - 7:20 AM EST)

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