NYSE$EQT
EQT Corp · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
EQT reported lower revenue but improved operational efficiencies in Q4 2024.
EQT Corporation's Q4 2024 revenue declined year-over-year, but strong production and cost efficiencies helped maintain profitability. The company achieved higher free cash flow and improved operating margins.
- Revenue decreased by 20.46% YoY, reflecting lower natural gas prices.
- Net income declined 16.66% YoY but remained positive at $418.40M.
- Free cash flow surged to $588M, benefiting from operational efficiencies.
- Operating costs per unit dropped to $1.07 per Mcfe, enhancing profitability.
Headline financials
Revenue & EPS history
EQT · Revenue · Quarterly
$1.62B
Forward guidance
EQT expects higher production in 2025, driven by operational efficiencies and midstream investments. The company also plans to reduce debt levels.
Tailwinds
- 2025 production guidance increased by 125 Bcfe.
- Expected free cash flow of $2.6B in 2025.
- Projected net debt reduction to $7B by year-end 2025.
- Efficiency gains expected to lower reserve development capital by $200M.
- Equitrans integration nearing completion, unlocking synergies.
Headwinds
- Lower expected natural gas prices may impact revenue.
- Potential headwinds from macroeconomic conditions and energy demand.
- Reduction in frac crews could impact short-term production flexibility.
- Debt levels remain high despite planned reductions.
- Regulatory uncertainties could affect midstream investments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2024
+0.8%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+2.3%
Avg return
30 days after
64%
47 / 73 earnings
Positive
+18.3%
Q4 2019
Best reaction
-19.6%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | +0.5% | -0.9% | |
| Q4 2025 | +1.5% | +2.2% | +12.0% | |
| Q3 2025 | -4.0% | -3.5% | +2.4% | |
| Q2 2025 | +1.5% | -1.4% | -2.1% | |
| Q1 2025 | +0.4% | +5.3% | +14.5% | |
| Q4 2024 | +0.9% | -6.9% | -1.7% | |
| Q3 2024 | +3.4% | -4.5% | +21.4% | |
| Q2 2024 | -1.6% | -3.8% | -7.8% | |
| Q1 2024 | +3.8% | +7.0% | +5.1% | |
| Q4 2023 | -5.6% | -0.7% | -3.3% | |
| Q3 2023 | +0.7% | -3.2% | -4.0% | |
| Q2 2023 | +4.6% | +6.5% | +5.0% | |
| Q1 2023 | +5.8% | +8.1% | +13.8% | |
| Q4 2022 | +2.4% | +0.5% | -5.5% | |
| Q3 2022 | -1.3% | +5.7% | +8.7% | |
| Q2 2022 | -6.2% | -7.2% | +9.0% | |
| Q1 2022 | +4.2% | +1.3% | +24.4% | |
| Q4 2021 | +2.3% | +7.5% | +27.5% | |
| Q3 2021 | -8.3% | -8.5% | -6.8% | |
| Q2 2021 | -8.0% | -13.8% | -8.4% | |
| Q1 2021 | -7.5% | +5.2% | +7.7% | |
| Q4 2020 | +2.5% | -1.0% | +3.4% | |
| Q3 2020 | +8.9% | +9.0% | -0.7% | |
| Q2 2020 | -2.5% | +2.5% | +10.7% | |
| Q1 2020 | +2.6% | -7.1% | +10.3% | |
| Q4 2019 | +18.3% | +24.0% | +39.1% | |
| Q3 2019 | +6.7% | +9.8% | -11.8% | |
| Q2 2019 | -10.1% | -7.3% | -35.0% | |
| Q1 2019 | +1.2% | -1.4% | -6.4% | |
| Q4 2018 | -1.5% | -1.2% | +1.0% | |
| Q3 2018 | -19.6% | -18.8% | -17.8% | |
| Q2 2018 | -10.1% | -10.4% | -7.7% | |
| Q1 2018 | +6.4% | +7.0% | +7.0% | |
| Q4 2017 | +8.3% | +6.0% | +4.0% | |
| Q3 2017 | +4.0% | +2.8% | -5.3% | |
| Q2 2017 | +3.3% | -0.1% | -4.5% | |
| Q1 2017 | -9.0% | -7.6% | -11.3% | |
| Q4 2016 | +7.1% | +2.5% | -2.5% | |
| Q3 2016 | +2.6% | +1.0% | +9.0% | |
| Q2 2016 | -0.8% | -4.2% | -2.4% | |
| Q1 2016 | -3.2% | — | — | |
| Q4 2015 | -1.8% | — | — | |
| Q3 2015 | -6.5% | — | — | |
| Q2 2015 | +2.6% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | +6.0% | — | — | |
| Q3 2014 | +7.2% | — | — | |
| Q2 2014 | +0.2% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | +2.5% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | +4.6% | — | — | |
| Q1 2013 | +7.7% | — | — | |
| Q4 2012 | +3.9% | — | — | |
| Q3 2012 | +7.7% | — | — | |
| Q2 2012 | +4.2% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +4.6% | — | — | |
| Q3 2011 | -1.8% | — | — | |
| Q2 2011 | +3.7% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2010 | +0.8% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q2 2010 | -3.0% | — | — | |
| Q1 2009 | +0.0% | — | — | |
| Q1 2010 | +2.4% | — | — | |
| Q4 2009 | +2.0% | — | — | |
| Q3 2009 | -1.0% | — | — | |
| Q3 2008 | -1.0% | — | — | |
| Q4 2008 | +1.8% | — | — | |
| Q4 2007 | +1.8% | — | — | |
| Q2 2008 | +1.8% | — | — | |
| Q2 2009 | +1.8% | — | — |
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