|Bid||55.56 x 29200|
|Ask||57.39 x 1800|
|Day's Range||56.07 - 57.36|
|52 Week Range||43.70 - 67.84|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||0.12 (0.22%)|
|1y Target Est||70.29|
EQT Midstream Partners, LP announced today that it has priced an offering of $1.1 billion in aggregate principal amount of its 4.75% senior notes due 2023, $850 million in aggregate principal amount of its 5.5% senior notes due 2028, and $550 million in aggregate principal amount of its 6.5% senior notes due 2048, at prices to the public of 99.761%, 99.538%, 99.055% of their face value, respectively....
Moody's Investors Service (Moody's) assigned a Ba1 rating to EQT Midstream Partners, LP's (EQM) proposed offering of senior notes. All existing ratings of EQM, including the Ba1 Corporate Family Rating (CFR), and the stable rating outlook are unchanged. Net proceeds from the offering will be used to repay EQM's 364-day term loan facility.
EQT Midstream Partners, LP today announced its intent to offer, subject to market conditions, three new series of senior unsecured notes , in an underwritten public offering, each in an aggregate principal amount to be determined at pricing.
In this final part of our series, we’ll discuss the YoY (year-over-year) stock performances of ConocoPhillips (COP), EOG Resources (EOG), Anadarko Petroleum (APC), Occidental Petroleum (OXY), and EQT Corporation (EQT).
Let’s take a look at EQT Corporation’s (EQT) capex and free cash flow trends. EQT’s operating cash flows increased significantly in Q1 2018, and so did its free cash flow, which was positive for the first time since Q1 2017.
Let’s look at EQT Corporation (EQT), the company that reported the fifth-highest operating cash flow in the upstream oil and gas sector in Q1 2018.
The Huron shale assets made Equitable the largest natural gas producer in Appalachia at the time with 6,500 wells.
Pennsylvania, whose production comes mainly from the Appalachian Basin, accounted for 19% of the total US marketed natural gas production in 2017. It produced more natural gas than any other state except Texas.
With the expansion of regional pipeline capacity, Pennsylvania has seen an increase in permitting and drilling activity. According to the Pennsylvania Department of Environmental Protection, the state issued 1,352 natural gas drilling permits in 2016 and 2,038 in 2017. The drilling rig count in Pennsylvania has also increased, averaging 20 rigs in 2016 and 33 in 2017, based on data from Baker Hughes.
Research reports have been issued by WallStEquities.com on EQT Corp. (NYSE: EQT), Extraction Oil & Gas Inc. (NASDAQ: XOG), Gastar Exploration Inc. (NYSE AMER: GST), and Gran Tierra Energy Inc. (NYSE AMER: GTE). The downstream sector of the petroleum industry involves the refining and processing operations, along with marketing and distribution.
EQT Corp. has set up a high-tech control center at its downtown Pittsburgh headquarters that manages its drilling operations in real time — and has seen plenty of benefits in just the first six months or so. The pilot has since grown to full implementation: All directional drilling, geosteering and drilling engineering for its 10 deep rigs in the three-state operating footprint are now handled out of the RTOC, around the clock. David E. Schlosser, EQT’s president of exploration and production, credited the RTOC with helping to increase its lateral feet drilled per day by 14 percent and boosting the percent of its formation drilled in target from 93 percent before to 97 percent now.
The current implied volatility for Chesapeake Energy stock (CHK) is ~48.5%. In comparison, Cabot Oil & Gas (COG) and EQT (EQT) have lower implied volatilities of ~30.1% and ~33.7%, respectively. Meanwhile, the Energy Select Sector SPDR ETF (XLE) has an implied volatility of ~16.5%.
On May 16, the EIA released its weekly crude oil inventory report. The EIA reported that US crude oil inventories declined by ~1.4 MMbbls to 432.3 MMbbls on May 4–11. The inventories also declined by 88.4 MMbbls or ~17% from a year ago.
According to the EIA’s (U.S. Energy Information Administration) latest Drilling Productivity Report, US crude oil production from the seven key shale plays (Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara, and Permian) will rise 144 Mboepd (thousand barrels of oil equivalent per day) in June to ~7.2 MMboepd (million barrels of oil equivalent per day) compared to May.
NEW YORK, May 10, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of EQT ...
George Jones was against the Mountain Valley Pipeline from the start. The natural gas pipeline is routed to run through the southwest Virginia farm his family has owned for seven generations. As work chugs along toward having the pipeline in service by the end of the year, Jones and a coalition of more than a dozen other like-minded Virginia and West Virginia landowners have taken their fight to court.
The EIA estimates that Cushing inventories increased by 0.4 MMbbls (million barrels) to 35.7 MMbbls on April 20–27. Cushing inventories also rose for the seventh time in eight weeks. However, the inventories dropped by ~31 MMbbls or 46% YoY (year-over-year).
US natural gas futures decreased 1.6% from April 26 to May 3. Prices decreased due to the larger-than-expected increase in natural gas inventories and mild weather. The United States Natural Gas ETF (UNG) and the First Trust Natural Gas ETF (FCG) decreased ~3.2% and ~3.4%, respectively, from April 26 to May 3. UNG seeks to track active natural gas futures. FCG aims to track the performance of the index of stocks involved in natural gas exploration and production. Cabot Oil & Gas (COG), Chesapeake Energy (CHK), and EQT (EQT), natural-gas-weighted stocks, fell ~1.6%, ~3.3%, and ~5. ...
PointLogic, a market intelligence company, estimates that US natural gas consumption fell ~9% to 57.8 Bcf per day from April 26 to May 2. However, consumption has increased ~1.5% or by 0.9 Bcf (billion cubic feet) per day year-over-year.
On April 27, the short interest as a percentage of float (or the short interest ratio) in EQT (EQT) stock was 3%. The short interest ratio in EQT stock was 4% in April 2017.
Following EQT’s (EQT) 1Q18 earnings release on April 26, its stock rose ~8.5%. The stock rose due to better-than-expected earnings and revenue, which were also significantly higher year-over-year.
With the completion of the Rice deal, EQT (EQT) is the largest natural gas producer in the US. Currently, the company has 680,000 core Marcellus acres (with 2,500 undeveloped locations) and 65,000 core Utica acres.
EQT (EQT) reported revenue growth of ~60% in 1Q18 on April 26—compared to revenue growth of 64% reported in 1Q17 and ~198% in 4Q17. Production volumes increased 88% due to the acquisition of Rice Energy and increased production from the company’s 2016 and 2017 drilling programs. The revenue growth in 1Q18 was slightly lower compared to 1Q17 due to lower growth in natural gas, oil, and NGLs sales.