EQT (EQT) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased compared to both the prior quarter and the same quarter a year ago. The decline marks a continuation of the downward trend from the middle of the prior year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased compared to both the prior quarter and the same quarter a year ago. The decline marks a continuation of the downward trend from the middle of the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
-30.9%
Change from the immediately preceding quarter.
Year-over-year
-22.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $848.3M | -74.8% |
| Sep 30, 2023 | $1.2B | -67.9% |
| Dec 31, 2023 | $2B | +199.7% |
| Mar 31, 2024 | $1.4B | -22.8% |
Revenue performance
Total operating revenues for the quarter were lower, primarily reflecting a drop in sales of natural gas, natural gas liquids and oil, as well as a smaller gain on derivatives.
Quarterly comparison
Revenue fell from the immediately preceding quarter and was also down from the same quarter one year earlier, as shown in the provided comparisons.
What to watch
Monitor whether revenue can stabilize after several quarters of decline.