FX.co ★ EQT Corporation Q4 Profit Decreases, misses estimates

EQT Corporation reported a drop in fourth-quarter profits compared to the same period the previous year, falling short of Wall Street's expectations. The company's earnings amounted to $502.06 million, or $1.13 per share, marking a significant decline from $1.71 billion, or $4.28 per share, during the same period last year.

After taking into account specific items, EQT Corporation's adjusted earnings stood at $214 million or $.48 per share. In contrast, the average analyst prediction was set at $0.52 per share, illustrating an underperformance by the company. These expectations are usually calculated excluding unique items as per Thomson Reuters' data.

The company's fourth-quarter revenue also experienced a hefty decrease of 41.4%, plunging to $2.04 billion from $3.48 billion in the previous year. A brief overview of EQT Corporation's earnings, based on GAAP, showed earnings for Q4 at $502.06 million compared to $1.71 billion the previous year, EPS for Q4 at $1.13 compared to $4.28 the previous year, and Q4 revenue at $2.04 billion against $3.48 billion the previous year.