EQT Beats Quarterly Estimates on Higher Natural Gas Prices

EQT Corp has reported better-than-expected quarterly earnings on stronger natural gas prices. The company's average realized price for natural gas during the quarter was up 14.3% from a year earlier at $3.44 per thousand cubic feet equivalent (Mcfe).

This increase in revenue, combined with higher sales volume, led to an adjusted profit of 90 cents per share for the quarter ended December 31. This figure exceeded analysts' average estimate of 74 cents per share.