The Company has updated its forecast for the fiscal year 2025, projecting total sales volume to be between 2,200 billion cubic feet equivalent (Bcfe) and 2,300 Bcfe, marking a rise of 25 Bcfe from its previous estimate.
In terms of capital expenditures, the Company anticipates spending between $1.950 billion and $2.070 billion on maintenance. This is a reduction of $25 million from prior guidance. This maintenance budget incorporates $205 million to $225 million designated for corporate and capitalized expenses.
Moreover, the Company continues to plan for $350 million to $380 million in strategic growth capital expenditures for 2025. This investment will focus on their pressure reduction program and will explore high-return opportunities in water infrastructure and land acquisition.
Operational activities for 2025 include the planned initiation of 95 to 120 net wells, with a specific target of turning-in-line 32 to 50 net wells during the second quarter.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for EQT Corp (EQT, Financial) is $55.80 with a high estimate of $73.00 and a low estimate of $36.00. The average target implies an upside of 14.88% from the current price of $48.57. More detailed estimate data can be found on the EQT Corp (EQT) Forecast page.
Based on the consensus recommendation from 26 brokerage firms, EQT Corp's (EQT, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for EQT Corp (EQT, Financial) in one year is $27.40, suggesting a downside of 43.59% from the current price of $48.57. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the EQT Corp (EQT) Summary page.
