EQT Corp.: Weakness In Natural Gas Makes Shares Vulnerable


Source: seekingalpha.com seekingalpha.com

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6381380/iStock Editorial via Getty Images Shares of EQT Corporation (NYSE:EQT) have recovered nearly all of their losses this year, down just marginally from twelve months ago. This has been despite meaningfully lower natural gas prices, which have weighed on profitability. While hedges do provide some near-term protection, the natural gas market has proven surprisingly weak, and I expect the company to fall short of its longer-term cash flow goals as a result. Seeking Alpha In the company's third quarter, EQT earned $0.30, defying expectations for a loss of $0.10. Still, revenue was down 43% from last year when the company...