EQT GP Holdings LP (EQGP) Expected to Post Quarterly Sales of $357.60 Million
Equities research analysts expect EQT GP Holdings LP (NYSE:EQGP) to report $357.60 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for EQT GP’s earnings, with the lowest sales estimate coming in at $329.00 million and the highest estimate coming in at $374.90 million. EQT GP posted sales of $207.19 million during the same quarter last year, which suggests a positive year over year growth rate of 72.6%. The business is expected to report its next earnings report on Thursday, October 25th.
On average, analysts expect that EQT GP will report full-year sales of $1.23 billion for the current fiscal year, with estimates ranging from $1.18 billion to $1.26 billion. For the next year, analysts forecast that the firm will report sales of $1.67 billion, with estimates ranging from $1.54 billion to $1.81 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover EQT GP.
EQT GP (NYSE:EQGP) last released its earnings results on Thursday, July 26th. The oil and gas company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.05. The company had revenue of $269.76 million during the quarter. EQT GP had a return on equity of 12.65% and a net margin of 33.16%.
Several institutional investors have recently made changes to their positions in EQGP. Susquehanna Fundamental Investments LLC acquired a new stake in shares of EQT GP during the first quarter worth $215,000. Mariner LLC acquired a new position in EQT GP in the first quarter valued at about $261,000. PEAK6 Investments L.P. acquired a new position in EQT GP in the second quarter valued at about $326,000. Lake Street Advisors Group LLC acquired a new position in EQT GP in the second quarter valued at about $548,000. Finally, Catalyst Capital Advisors LLC grew its stake in EQT GP by 8.7% in the first quarter. Catalyst Capital Advisors LLC now owns 29,882 shares of the oil and gas company’s stock valued at $690,000 after acquiring an additional 2,400 shares during the period. 9.05% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE EQGP traded up $0.28 during midday trading on Monday, hitting $21.28. The stock had a trading volume of 256,716 shares, compared to its average volume of 180,104. The stock has a market capitalization of $6.30 billion, a P/E ratio of 21.71 and a beta of 1.12. EQT GP has a fifty-two week low of $20.21 and a fifty-two week high of $30.74. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.41 and a current ratio of 1.41.
EQT GP Company Profile
EQT GP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio.
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