EQT Q2 adjusted profit misses estimates on lower natural gas prices
EQT•Q2 profit misses estimates
U.S. natural gas producer EQT Corp said its second-quarter adjusted profit missed analyst expectations as lower natural gas prices weighed on results.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted EPS | Miss | $0.39 | $0.40 (20 Analysts) |
| Q2 EPS | $0.34 | ||
| Q2 Adjusted Net Income | Miss | $244 mln | $295.91 mln (14 Analysts) |
Blackline Midstream acquisition completed
EQT completed its $77 million acquisition of Blackline Midstream, expanding propane storage and distribution.
The shares recently traded at 11 times the next 12-month earnings estimate, versus a P/E of 14 three months ago. Wall Street's median 12-month price target for EQT Corp is $69.00, about 40.7% above its July 20 closing price of $49.05.
Production guidance raised, spending lowered
The company raised its full-year 2026 production guidance to 2,375–2,450 Bcfe and lowered its full-year 2026 capital spending guidance by $25 million.
EQT expects third-quarter 2026 sales volume of .
