EQT Corporation reports Q3 adjusted EPS 52c, consensus 36c

Reports Q3 revenue $1.96B, consensus $1.78B. President and CEO Toby Z. Rice stated, “Q3 results built upon EQT‘s extensive track record of delivering operational and financial outperformance. Production, operating expenses, capital spending and price realizations were all at the favorable end of guidance, highlighting the efficiency gains and tangible synergy capture of our vertically integrated platform. We rapidly integrated the Olympus assets and are already seeing material operational outperformance with EQT at the helm. Simply put, our execution machine is firing on all cylinders, and the benefits are accruing to shareholders via significant free cash flow outperformance relative to both internal and consensus expectations.”