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BUZZ-EQT rises after beating fourth-quarter profit estimates

ReutersFeb 19, 2025 1:30 PM

Natgas producer EQT's EQT.N shares rise 1.2% to $54.40 premarket

Co beats Q4 profit estimates helped by higher prices and sales of natural gas

EQT's average realized price for natural gas in the quarter was up 9.5% over the year earlier at $3.01 per thousand cubic feet equivalent

Q4 sales volumes were up 7.3% at 605,183 millions of cubic feet equivalent

Co posts Q4 adj profit of 69 cents per share vs estimates of 49 cents per share, according to data compiled by LSEG

EQT expects to spend between $1.95 billion and $2.12 billion in 2025

The 2025 outlook demonstrates the benefits of the strategic midstream spending and overall better well performance, says RBC Capital Markets analyst Scott Hanold

YTD, stock is up 16.6%

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