Overview

• EQT Q3 adjusted EPS beats analyst expectations

• Adjusted net income for Q3 exceeds analyst estimates, driven by efficiency gains

• Company increased dividend by 5%, reflecting financial stability and growth prospects

Outlook

• Company expects Q4 2025 sales volume of 550-600 Bcfe, including curtailments

• EQT projects Q4 2025 capital expenditures of $635-735 mln

• Company plans to turn-in-line 18-28 net wells in Q4 2025

Result Drivers

• STRONG WELL PERFORMANCE - Sales volume of 634 Bcfe driven by strong well performance and compression project outperformance

• EFFICIENCY GAINS - Capital expenditures 10% below guidance mid-point due to efficiency gains and midstream cost optimization

• RECORD LOW OPERATING COSTS - Operating costs at $1.00 per Mcfe, 7% below guidance due to lower gathering, LOE, and SG&A expenses

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

• Wall Street's median 12-month price target for EQT Corp is $63.00, about 10.4% above its October 20 closing price of $56.45

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn85P6xca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)