How EQT’s Earnings and Revenues Have Been Trending
EQT’s 2Q17 earnings
EQT (EQT) reported its 2Q17 earnings on July 27, 2017. The graph below shows its earnings and revenue history since 2Q16. EQT’s 2Q17 EPS (earnings per share) was $0.06 compared to -$0.38 in 2Q16 and $0.43 in 1Q17. Its EPS has been positive since 4Q16, although it fell in 2Q17 compared to the previous two quarters.
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To know more about EQT’s performance in 2Q17, read EQT’s Stock Rises after 2Q17 Earnings: Key Takeaways.
To know more about how the above companies performed in 2Q17, read Chesapeake Energy Stock Fell despite Strong 2Q17 Earnings, Why Noble Energy’s Stock Fell despite Its Earnings Beat, and What to Make of Cabot Oil & Gas’s 2Q17 Earnings.
EQT’s 2Q17 revenue
As we’ve seen, EQT’s revenue has risen considerably since 2Q16. The company’s 2Q17 revenue was ~$691.0 million. In comparison, its revenue was ~$128.0 million in 2Q16 and ~$898.0 billion in 1Q17.
As we can see in the above graph, EQT’s revenue has risen year-over-year, but it has fallen on a sequential basis. That was likely due to higher realized prices in 2Q17 compared to 2Q16, which was lower compared to 1Q17. EQT’s average realized price was $2.86 per Mcfe (million cubic feet equivalent) in 2Q17 compared to $2.11 per Mcfe in 2Q16. Its average realized price in 1Q17 was $3.50 per Mcfe.