"EQT operates as a vertically integrated natural gas company focused on exploration, production, and transportation in the Appalachian Basin, particularly the Marcellus and Utica shales. The company produces around 6 billion cubic feet equivalent of natural gas per day and holds about 19.8 trillion cubic feet equivalent of proved reserves across 1.8 million gross acres. It sells natural gas and liquids to utilities, marketers, and industrial users through its pipeline network, and has invested in low-emissions certified gas to attract data center operators concerned with environmental standards."
"This business model has delivered solid results. In its most recent quarter, EQT reported earnings of $0.52 per share, handily exceeding estimates by $0.36, with adjusted operating revenue up 52% year-over-year to $1.98 billion. The company's low debt load gives it its financial stability. EQT also pays a quarterly dividend of $0.165 per share, yielding 1.3% annually, with a 10-year compound annual growth rate of 25% and a whopping 84% CAGR across five years."
EQT is the largest independent U.S. natural gas producer, focused on exploration, production, and transportation in the Appalachian Basin, especially the Marcellus and Utica shales. The company produces about 6 billion cubic feet equivalent per day and holds roughly 19.8 trillion cubic feet equivalent of proved reserves across 1.8 million gross acres. Natural gas futures surged nearly 20% to $3.70/MMBtu on forecasts of an Arctic outbreak, lifting shares about 2% after a prior decline exceeding 18%. Recent quarterly earnings were $0.52 per share, $0.36 above estimates, with adjusted operating revenue up 52% year-over-year to $1.98 billion. The company maintains low debt, pays a $0.165 quarterly dividend yielding 1.3%, reports a free cash flow payout ratio of 57%, and has invested in low-emissions certified gas to attract environmentally conscious customers.
Read at 24/7 Wall St.
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