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EQT Corporation EQT Q3 2024 earnings

Reported October 29, 2024 · After market close

Revenue$1.2BMiss by $137.9M
EPS$0.12Beat by $0.04
Revenue estimate$1.4B
EPS estimate$0.08

Next report

Oct 20, 2026 (in 2 months)
Revenue estimate$1.9B
EPS estimate$0.50

Financials

Q3 2024

Income statement

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Revenue$1.3B+8.2%
Gross profit$843.0M+33.5%
Operating income-$281.8M-1,883%
Net income-$300.8M-470%
EPS (diluted)-$0.54-370%

Balance sheet

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Cash & equivalents$89.0M+37.4%
Total debt$13.8B+133%
Total equity$20.3B+43.2%
Total assets$39.9B+62.7%

Cash flow

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Operating cash flow$593.0M+30.4%
CapEx$569.5M+13.0%
Free cash flow$23.5M—

Valuation & ratios

Valuation

as of 09/30/24
See full
Market cap$21.77B+30.4%
Enterprise value$35.47B+57.4%
P/E69.3×+63.6×
P/S3.8×+1.8×

Profitability

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Gross margin63.2%-11.5pp
Operating margin11%-35.9pp
Net margin5.5%-29.8pp

Returns & leverage

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Return on equity1.8%-22.9pp
Debt / equity0.7×+0.3×
Current ratio0.5×-0.1×

Segments

By product

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Natural gas$938.9M+9.2%
NGLs$139.7M+29.1%
Oil$21.1M-38.1%

FAQ

When did EQT Corporation report Q3 2024 earnings?
EQT Corporation (EQT) reported Q3 2024 earnings on October 29, 2024 after market close.
What were EQT Corporation's Q3 2024 revenue and EPS?
EQT Corporation reported revenue of $1.2B and eps of $0.12 for Q3 2024.
Did EQT Corporation beat estimates in Q3 2024?
Revenue missed the consensus estimate of $1.4B by $137.9M. EPS beat the consensus estimate of $0.08 by $0.04.
Where can I find EQT Corporation's Q3 2024 SEC filings?
You can read the 8-K earnings release (0000033213-24-000042) and the 10-Q periodic report (0000033213-24-000047) directly on SEC EDGAR. The filing index links above go to sec.gov.