Stock Analysis
EQT (NYSE:EQT) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$952.5m (up 14% from 2Q 2023).
- Net income: US$9.52m (up from US$66.6m loss in 2Q 2023).
- Profit margin: 1.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
- EPS: US$0.022 (up from US$0.18 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EQT Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 104%. Earnings per share (EPS) also surpassed analyst estimates.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 1.4% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 4 warning signs for EQT that you should be aware of.
Valuation is complex, but we're here to simplify it.
Discover if EQT might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Valuation is complex, but we're here to simplify it.
Discover if EQT might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About NYSE:EQT
EQT
Operates as a natural gas production company in the United States.