EQT Corp Reports Strong Financial Performance in First-Half Results
EQT Corp has announced its first-half results, which show a significant increase in profit and exit activity. The company’s financial performance has been driven by a rebound in exit activity and solid fund performance.
Key Highlights
- Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew substantially
- Underlying profit surpassed expectations
- The company secured a major gas supply deal, solidifying its position in the industry
- EQT completed the acquisition of Niwas Housing Finance, reinforcing its strategic focus on financial services in India
- The company declared a quarterly cash dividend, providing a return to its shareholders
Financial Performance
EQT’s underlying profit has shown a notable increase, with adjusted EBITDA growing by a substantial margin. The company’s solid fund performance has contributed to its strong financial results.
Strategic Developments
- Acquisition of Niwas Housing Finance: EQT has completed the acquisition of Niwas Housing Finance, reinforcing its strategic focus on financial services in India.
- Gas Supply Deal: The company has secured a major gas supply deal, further solidifying its position in the industry.
Return to Shareholders
EQT has declared a quarterly cash dividend, providing a return to its shareholders. This move demonstrates the company’s commitment to delivering value to its investors.