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EQT Pumps Up Sales Volumes 37% in 1Q; Ups Guidance
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EQT Corporation announced first quarter 2015 net income attributable to EQT of $173.4 million, or $1.14 per diluted share (EPS), comparable to the first quarter 2014 earnings of $192.2 million, or $1.26 per diluted share.
Adjusted net income was $164.3 million in the first quarter 2015, $41.2 million lower than the first quarter 2014, while 2015 adjusted EPS was $1.08, $0.27 lower. Adjusted operating cash flow attributable to EQT was $386.2 million in the first quarter 2015, $72.2 million lower than the first quarter 2014.
Highlights: Production sales volume was 37% higher Midstream gathering revenue was 44% higher Midstream transmission revenue was 38% higher Realized natural gas price was 33% lower Cash balance was $1.6 billion (excluding EQM) A $1.5 billion undrawn, unsecured…Finish this article — free account or subscription
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