Stock Analysis
EQT (NYSE:EQT) First Quarter 2024 Results
Key Financial Results
- Revenue: US$1.26b (down 31% from 1Q 2023).
- Net income: US$103.5m (down 92% from 1Q 2023).
- Profit margin: 8.2% (down from 67% in 1Q 2023).
- EPS: US$0.23 (down from US$3.37 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EQT Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 46%.
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 12% from a week ago.
Risk Analysis
We should say that we've discovered 4 warning signs for EQT that you should be aware of before investing here.
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About NYSE:EQT
EQT
EQT Corporation operates as a natural gas production company in the United States.
High growth potential with adequate balance sheet.