EQT reports net loss of $167M in first quarter
Monday, May 18, 2020
EQT recently reported a net loss of $167 million or 65 cents per diluted share in the first quarter of 2020, according to Kallanish Energy.
During the first quarter of 2019, the company reported net income of $191 million or 75 cents per diluted share.
The company is primarily attributing the decrease to the loss on investment in Equitrans Midstream Corp., the loss on exchange of long-lived assets and decreased operating revenues.
Learn more: Kallanish Energy > EQT reports 1Q 2020 net loss of $167M
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