EQT reports net loss of $167M in first quarter

EQT reports net loss of $167M in first quarter

Monday, May 18, 2020 by Sara Welch

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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