EQT Q4 Earnings Climb - Quick Facts

(RTTNews) - EQT Corp. (EQT) said fourth-quarter net income attributable to the company increased to $115.2 million from $48.0 million in 2012. Earnings per share increased to $0.75 from $0.32.

Items totaling $42.8 million positively impacted 2013 results and others totaling $17.3 million hurt results in 2012.

Adjusted earnings per share was $0.47, while it totaled $0.43 in 2012. On average, 18 analysts polled by Thomson Reuters expected earnings of $0.69 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased to $493.43 million from $406.27 million in the prior year. Wall Street expected revenues of $581.94 million.

Further, EQT said production sales volume for 2014 is projected to be 460 - 480 Bcfe, 24 percent higher than in 2013. Production sales volume for the first quarter of 2014 is projected to be 104 Bcfe.