We recently published 10 Big Names Get Slammed. EQT Corp. is one of the biggest losers on Monday.
Energy company EQT Corp. saw its share prices drop by 9.55 percent on Monday to close at $53.54 apiece as investor sentiment was weighed down by the continuous drop in natural gas prices.
Based on data from Bloomberg, US natural gas futures were down by 0.03 percent $3.32/MMBtu, reversing some of last week’s gains due to higher supply and weak demand from the cooling weather.
Month-to-date, prices of natural gas prices are down by 3 percent, while year-to-date also marked a decline of 15.4 percent.
Last week, EQT Corp. announced that its Board of Directors approved the distribution of $0.1575 cash dividends to shareholders as of August 6. The dividends will be payable on September 2, 2025.
A storage facility for natural gas, showing the vast reserves of this abundant energy source.
Additionally, EQT Corp. is set to announce the results of its second quarter earnings performance today, July 22, after market close. A conference call will follow on Wednesday, July 23, at 10 AM Eastern Time.
