In This Article:
EQT (NYSE:EQT) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$1.28b (up 30% from 3Q 2023).
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Net loss: US$300.8m (down by 470% from US$81.3m profit in 3Q 2023).
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US$0.54 loss per share (down from US$0.21 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
EQT Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are up 6.6% from a week ago.
Risk Analysis
Be aware that EQT is showing 4 warning signs in our investment analysis that you should know about...
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