EQT Corporation Awaits Q1 Earnings Reveal Amid Positive Forecasts

Pittsburgh, Pennsylvania-based EQT Corporation (EQT) is a leader in the production, gathering, and transmission of natural gas resources, primarily focusing on the Marcellus and Utica Shales within the Appalachian Basin. With a significant market capitalization of $27.5 billion, the company also provides marketing and pipeline capacity management services. EQT is set to announce its fiscal Q1 earnings for 2025 after the market closes on Tuesday, April 22.

Analysts Anticipate Earnings Growth

Analysts project that EQT will report a profit of $1.01 per share, reflecting a notable increase of 23.2% from $0.82 per share in the same quarter last year. The company has shown a consistent ability to exceed Wall Street’s earnings estimates, having outperformed forecasts in the last four quarters. Specifically, in Q4 2024, EQT reported an EPS of $0.69, exceeding expectations by 38%.

Fiscal Year Projections and Share Performance

Looking ahead, analysts forecast that EQT will achieve a profit of $3.46 per share in fiscal 2025, marking a remarkable increase of 114.9% compared to $1.61 in fiscal 2024. Furthermore, EPS is anticipated to grow by 44.8% year-over-year to reach $5.01 in fiscal 2026.

EQT’s shares have surged by 29.7% over the past 52 weeks, significantly outpacing both the S&P 500 Index, which fell by 2.7%, and the Energy Select Sector SPDR Fund (XLE), which saw a decline of 20.2% during the same period.

Recent Earnings Release and Market Reactions

On February 18, shares of EQT experienced a slight increase following a mixed earnings report for Q4. The company delivered adjusted earnings of $0.69 per share, representing a 43.8% improvement year-over-year. This strong performance was aided by a 68.1% increase in adjusted EBITDA, reaching $1.4 billion. However, investor sentiment may have been dampened by a 20.5% drop in operating revenue, which totaled $1.6 billion and did not meet consensus expectations. Despite these challenges, EQT’s total sales volume rose by 7.3%, contributing to a 20.3% increase in core sales of natural gas, natural gas liquids, and oil. However, these gains were partially offset by a $183.5 million loss on derivatives, impacting the top-line results.

As EQT prepares for 2025, the company estimates total sales volume between 2,175 and 2,275 bcfe. It plans to allocate between $350 million and $380 million for strategic growth capital expenditures.

Analyst Ratings and Future Outlook

Overall, Wall Street analysts hold a moderately optimistic view of EQT’s stock, reflecting a “Moderate Buy” rating. Among the 23 analysts covering the stock, 14 recommend a “Strong Buy,” one suggests a “Moderate Buy,” and eight advise a “Hold.” The average price target for EQT is $57.13, indicating a potential upside of nearly 20.8% from its current share price.

On the date of publication, Neharika Jain did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data herein are for informational purposes only. For more details, please review the Barchart Disclosure Policy here.

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