EQT Corporation EQT today announced first quarter 2011 earnings of $122.3 million, $34.2 million higher than the first quarter 2010. Operating cash flow was $249.1 million; 22% higher than the first quarter 2010. Reported earnings per diluted share were $0.82 for the quarter, up from the $0.65 reported in 2010. The quarter included two items that had a positive affect on earnings: a gain on the sale of the Langley natural gas processing complex and a reduction of certain non-income tax accruals; the combined effect was approximately $36.1 million pre-tax earnings, or $0.15 per share after-tax, and did not have a significant impact on operating cash flow.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in