The sale resulted in gross proceeds of c. USD126 millionNEW YORK, May 14, 2025 /PRNewswire/ --An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of the sale (the "Sale") of c. 3.2 million shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of c. USD116 million. The Sale was made on May 12, 2025, pursuant to Rule 144 of the Securities Act of 1933, as amended. J.P. Morgan Securities L ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alon ...

Natural gas produces lower emissions than crude oil and coal while generating an equivalent amount of energy. Hence, the rising demand for cleaner-burning fossil fuels is brightening the outlook for natural gas exploration and production companies. Given the backdrop, is this the ideal time to invest in upstream players like EQT Corporation (EQT) and Antero Resources (AR) ?Natural Gas Price to Remain SolidIn its latest short-term energy outlook, the U.S. Energy Information Administration (“EIA”) forecasted ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium includes access to the Zacks Style Scores as well. For value investors, it's all ab ...

Core Insights - EQT Corporation reported $2.15 billion in revenue for Q1 2025, marking a year-over-year increase of 25.1% and a surprise of +0.23% over the Zacks Consensus Estimate [1] - The EPS for the same period was $1.18, compared to $0.82 a year ago, resulting in an EPS surprise of +15.69% against the consensus estimate of $1.02 [1] Financial Performance Metrics - Average sales price for oil was $53.05, slightly below the five-analyst average estimate of $53.88 [4] - Total average daily sales volume was 6,342 MMcfe/D, exceeding the estimated 6,170.1 MMcfe/D [4] - Average natural gas price was $3.66, lower than the estimated $3.74 [4] - Oil sales volume was 395 MBBL, below the estimated 478.76 MBBL [4] - Average sales price for natural gas was $3.83, higher than the estimated $3.75 [4] - Total sales volume reached 570,751 MMcfe, surpassing the estimated 556,651.9 MMcfe [4] Revenue Breakdown - Operating revenues from sales of natural gas, natural gas liquids, and oil totaled $2.24 billion, exceeding the estimated $2.07 billion, representing a +72.2% change year-over-year [4] - Oil sales revenue was $20.96 million, below the average estimate of $25.18 million, reflecting a -19.9% year-over-year change [4] - Revenues from pipeline, net marketing services, and other sources were $174.04 million, significantly above the estimated $98.71 million, showing a +9297.5% year-over-year change [4] - NGLs sales revenue was $173.82 million, exceeding the estimated $153.23 million, with an +11.3% change year-over-year [4] - Total natural gas and liquids sales, including cash settled derivatives, reached $2.15 billion, surpassing the estimated $1.94 billion [4] - Natural gas sales revenue was $2.05 billion, exceeding the estimated $1.85 billion, representing an +82.8% year-over-year change [4]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM__________ TO__________ COMMISSION FILE NUMBER: 001-03551 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q EQT CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 25-0464690 (State or other j ...

Financial Data and Key Metrics Changes - The first quarter of 2025 generated the strongest financial results in recent company history, with production at the high end of guidance due to robust well performance and minimal winter impact [7][10] - The company achieved over $1 billion in free cash flow during the quarter, nearly double the consensus estimates of the next closest natural gas producer [10] - Net debt decreased to $8.1 billion from $9.1 billion at year-end 2024, reflecting significant deleveraging [22] Business Line Data and Key Metrics Changes - The company tactically increased production by 300 million cubic feet per day during the quarter, capitalizing on strong winter demand and robust Appalachia pricing [8][10] - Operating expenses and capital spending were below the low end of guidance, driven by efficiencies and synergies [10][14] - The acquisition of Olympus Energy's assets is expected to enhance free cash flow per share by 4% to 8% over three years at natural gas prices ranging from $2.50 to $5 per million Btu [12] Market Data and Key Metrics Changes - Natural gas prices averaged $3.65 per million Btu during the quarter, contributing to the strong free cash flow generation [10] - The corporate gas price differential is projected to tighten from around $0.60 this year to approximately $0.30 in 2028, providing a $600 million pretax annual free cash flow tailwind [21] Company Strategy and Development Direction - The company is focused on reducing cash flow risk and creating pathways for sustainable cash flow growth, aiming for greater through-cycle free cash flow generation and a higher trading multiple [17] - There is a rapidly expanding pipeline of in-basin demand opportunities, with expectations for 6 to 7 Bcf per day of local demand growth by 2030 [19] - The company plans to opportunistically repurchase shares and steadily grow its base dividend as it de-risks its balance sheet [16] Management's Comments on Operating Environment and Future Outlook - Management expressed a bullish outlook for medium-term gas prices, anticipating a significant increase in LNG demand in 2025 and 2026 [25][32] - The company is confident in its ability to adapt to market conditions and drive operational efficiencies, fueling outsized free cash flow generation [33] - Management noted that the natural gas market is structurally tighter than pricing indicates, with expectations for pricing to move materially higher, particularly in 2026 [32] Other Important Information - The company has captured approximately $360 million in annual synergies from the Equitrans acquisition, with potential for ongoing initiatives to drive additional upside [14] - The Olympus acquisition is expected to close in early Q3, with pro forma guidance to be issued as part of the second quarter earnings [13] Q&A Session Summary Question: On the Olympus acquisition and its impact on levered break-even - Management indicated that the Olympus deal is modestly deleveraging and improves the levered break-even to about $2.35 for 2025 [40] Question: Pricing strategy and allocation of gas - Management explained that as the balance sheet improves, there will be more flexibility to sell into daily markets, enhancing value capture [46] Question: M&A strategy and future consolidation - Management stated that the bar for future acquisitions has been raised, focusing on value and operational efficiency rather than just growth [54][58] Question: In-basin demand opportunities - Management highlighted the growth in in-basin demand due to blocked pipeline projects, positioning EQT well for future gas sales [61] Question: Benefits of data center deals - Management noted that securing supply for data centers is critical, and EQT is well-positioned to provide reliable energy solutions [72] Question: Basis differentials and their impact - Management clarified that about half of the projected $600 million uplift in free cash flow is due to sales deals, with the other half from in-basin dynamics [78] Question: Olympus midstream integration - Management confirmed plans to integrate Olympus' midstream assets with Equitrans to optimize delivery points and enhance value [97] Question: Out-of-basin opportunities - Management emphasized the growing demand for power generation in the region as a key focus area, moving away from LNG [105] Question: Synergy savings specifics - Management detailed that the recent $85 million in synergy savings stemmed from water disposal costs and system optimization efforts [140]

EQT Corporation (EQT) reported first-quarter 2024 adjusted earnings from continuing operations of $1.18 per share, which beat the Zacks Consensus Estimate of $1.02. The bottom line increased from the year-ago reported figure of 82 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Adjusted operating revenues increased to $2,153 million from $1,720 million in the prior-year quarter. The top line beat the Zacks Consensus Estimate of $2,147 million.The strong quarterly results were ...

EQT Reports First Quarter 2025 Results (1) A non-GAAP financial measure. See the Non-GAAP Disclosures section of this news release for the definition of, and other important information regarding, this non-GAAP financial measure. (2) Consideration is comprised of $500 million in cash and approximately 26 million shares of EQT common stock representing $1.3 billion, based on the 20-day volume-weighted average price of EQT common stock as of April 21, 2025. (3) EQT expects the assets to be acquired from Olymp ...

PITTSBURGH, April 22, 2025 /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced financial and operational results for the first quarter of 2025.First Quarter 2025 and Recent Highlights: Production: Sales volume of 571 Bcfe, at the high-end of guidance driven by strong well performance and minimal winter weather impact from integrated midstream coordination Capital Expenditures: $497 million, 19% below the mid-point of guidance due to lower-than-expected completions, land and midstream spending Realiz ...