EQT Corp. (EQT) Posts Mixed Q3 Results
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October 22, 2015 6:32 AM EDT
PITTSBURGH--(BUSINESS WIRE)--
EQT Midstream Partners, LP (NYSE: EQM) and EQT GP Holdings, LP (NYSE:
EQGP) today announced third quarter 2015 financial and operating
results. EQT Midstream Partners, LP (EQM) net income for the quarter
totaled $94.1 million, adjusted EBITDA was $113.4 million, and
distributable cash flow was $101.8 million. EQM adjusted operating
income was $102.2 million, or 28% higher than the same quarter last
year. Net income attributable to EQT GP Holdings, LP (EQGP) for the
third quarter totaled $38.1 million. The non-GAAP financial measures are
reconciled in the Non-GAAP Disclosures section of this news release.
In... More
October 22, 2015 6:30 AM EDT
Low commodity prices continue to overwhelm strong operational
results
PITTSBURGH--(BUSINESS WIRE)--
EQT Corporation (NYSE:Â EQT) today announced third quarter 2015 net
income attributable to EQT of $40.8 million, or $0.27 per diluted share
(EPS), compared to third quarter 2014 earnings of $98.6Â million,
or $0.65 EPS. The reported results were favorably impacted by the
recognition of gains on natural gas hedging contracts for other periods.
After excluding the impact of these derivative transactions, the
adjusted net loss for the quarter was $50.2Â million, or negative
$0.33Â adjusted EPS, compared to adjusted EPS of $0.50Â in the third
quarter of 2014. Adjusted operating cash flow attributable... More
