EQT Corp (NYSE:EQT) on Tuesday posted weaker-than-expected results for the second quarter.
The company reported quarterly earnings of 39 cents per share which missed the analyst consensus estimate of 41 cents per share. The company reported quarterly sales of $1.683 billion which missed the analyst consensus estimate of $1.796 billion.
President and CEO Toby Z. Rice said, “EQT delivered outstanding operational and financial performance in the second quarter, driven by record-setting execution and strong well productivity that resulted in production well above the high end of guidance. Due to the sustained production outperformance resulting from our compression investments, we are raising 2026 production guidance by 90 Bcfe, while lowering our full-year CapEx guidance by $25 million. These results further demonstrate the strength of our low-cost operating model and our ability to consistently create value for shareholders.”
EQT shares rose 3.8% to $51.69 in pre-market trading.
These analysts made changes to their price targets on EQT following earnings announcement.
- Barclays analyst Betty Jiang maintained the stock with an Overweight rating and raised the price target from $69 to $70.
- Stephens & Co. analyst Mike Scialla maintained EQT with an Overweight rating and raised the price target from $71 to $72.
Considering buying EQT stock? Here’s what analysts think:
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