EQT Reports 3Q Earnings

By Pittsburgh Business Times

EQT Corp. (NYSE: EQT) reported net income for the third quarter was $178.9 million, or $1.19 per share, up from $36.5 million, or 24 cents per share during the same three months last year.

The companyâ¿¿s net operating revenue was $328.5 million, also up from the prior year when it was $248.5 million.

EQT is a major player in the Marcellus Shale â¿¿ it has drilled 230 horizontal wells in the play as of the end of September, with 137 of them placed online.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/pittsburgh/news/2011/10/27/eqt-reports-3q-earnings.html?ana=thestreet

Copyright bizjournals.com 2010

More from Commodities

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

U.S. Drillers at Mercy of Iran, Saudi Production Spat as OPEC Meeting Begins

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Oil Prices Slide as Saudi Energy Minister Suggests OPEC Output Deal Imminent

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Goldman Is Bullish on Oil, Sees Demand Outweighing Inventory Concern

Market Bears Have Devoured Gold Prices

Market Bears Have Devoured Gold Prices

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets

Chevron Falls With Crude After Mizuho Analyst Touts Its Mega-Assets