The Pittsburgh, Pennsylvania-based company posted an adjusted profit of 48 cents per share for the quarter ended Dec. 31, compared with analysts' average estimate of a profit of 52 cents per share, according to LSEG data.
U.S. natural gas prices averaged $2.83 per million British thermal units (Btu) during the October-December quarter, down about 51.3% from a year earlier, when demand for the commodity had soared following Russia's invasion of Ukraine.
EQT said the average realized prices fell to $2.75 per thousand cubic feet equivalent (mcfe) in the reported quarter, from $2.87 per mcfe a year earlier.
Total sales volumes rose to 564 billions of cubic feet equivalent (bcfe) from 459 bcfe.
