This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EQT Reports Second Quarter 2012 Earnings

Price Reconciliation

EQT Production's average wellhead sales price is calculated by allocating specified revenues to EQT Midstream for the gathering, processing and transportation of the produced gas. EQT Production’s average wellhead sales prices for the three and six months ended June 30, 2012 and 2011 were:
  Three Months Ended

June 30,
  Six Months Ended

June 30,
2012   2011 2012   2011
Revenues ($ / Mcfe)
Average NYMEX price $ 2.22 $ 4.31 $ 2.48 $ 4.21
Hedge impact 1.42 0.38 1.42 0.42
Average basis 0.01 0.18 0.00 0.19
Average net liquids revenue   0.74     1.18     0.84     1.13  
Average hedge adjusted price $ 4.39 $ 6.05 $ 4.74 $ 5.95
 
Midstream Revenue Deductions ($ / Mcfe)
Gathering to EQT Midstream $ (1.05 ) $ (1.15 ) $ (1.06 ) $ (1.14 )
Transportation and processing to EQT Midstream (0.16 ) (0.29 ) (0.17 ) (0.31 )
Third party gathering, processing and transmission   (0.56 )   (0.45 )   (0.43 )   (0.43 )
Total midstream revenue deductions $ (1.77 ) $ (1.89 ) $ (1.66 ) $ (1.88 )
Average wellhead sales price to EQT Production $ 2.62   $ 4.16   $ 3.08   $ 4.07  
 
EQT Revenue ($/ Mcfe)
Revenues to EQT Midstream $ 1.21 $ 1.44 $ 1.23 $ 1.45
Revenues to EQT Production   2.62     4.16   $ 3.08     4.07  
Average wellhead sales price to EQT Corporation $ 3.83   $ 5.60   $ 4.31   $ 5.52  
 

6 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,568.53 -127.94 -0.73%
S&P 500 2,079.65 -12.01 -0.58%
NASDAQ 5,088.63 -48.8540 -0.96%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs