BUZZ-EQT rises after beating fourth-quarter profit estimates

Reuters
02-19
BUZZ-EQT rises after beating fourth-quarter profit estimates

** Natgas producer EQT's EQT.N shares rise 1.2% to $54.40 premarket

** Co beats Q4 profit estimates helped by higher prices and sales of natural gas

** EQT's average realized price for natural gas in the quarter was up 9.5% over the year earlier at $3.01 per thousand cubic feet equivalent

** Q4 sales volumes were up 7.3% at 605,183 millions of cubic feet equivalent

** Co posts Q4 adj profit of 69 cents per share vs estimates of 49 cents per share, according to data compiled by LSEG

** EQT expects to spend between $1.95 billion and $2.12 billion in 2025

** The 2025 outlook demonstrates the benefits of the strategic midstream spending and overall better well performance, says RBC Capital Markets analyst Scott Hanold

** YTD, stock is up 16.6%

(Reporting by Vallari Srivastava in Bengaluru)

((Srivastava.Vallari@thomsonreuters.com;))

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