EQT Reports Strong Earnings Amid Rising Natural Gas Demand in U.S.
EQT reported strong Q3 earnings of $0.52 per share and a 52% revenue increase to $1.98 billion, driven by rising natural gas demand amid cold weather forecasts. The company's shares rose 2%, and forecasts suggest a 45% annual earnings growth over the next five years, supported by the needs of AI data centers and infrastructure. CEO Toby Rice emphasized the necessity for significant additional natural gas supply to meet increasing energy demands.
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EQT's shares rose 2% following a nearly 20% increase in natural gas futures driven by cold weather forecasts. In Q3, EQT reported earnings of $0.52 per share, exceeding estimates, and a 52% revenue increase to $1.98 billion.
The company has a low debt load and pays a quarterly dividend of $0.165 per share. Forecasts indicate 45% annual earnings growth for the next five years, fueled by demand from AI data centers and infrastructure needs.
CEO Toby Rice highlighted the necessity for 10 to 18 billion cubic feet per day of additional natural gas to meet rising energy demands. EQT trades at attractive valuations, making it a recommended investment for long-term growth.
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