EQT reports third-quarter profits of $36.5 million

October 28, 2010 8:18 am

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By Elwin Green / Pittsburgh Post-Gazette

EQT, the parent company of local natural gas utility Equitable Gas, on Thursday reported third-quarter profits of $36.5 million, or 24 cents per share diluted, on revenues of $257.3 million.

The company had profits of $2.9 million, or 2 cents per share diluted on revenues of $218.4 million in the year-ago period. A $25.6 million reduction in selling, general and administrative expenses was a key driver in the results, which met analysts' estimates.

Elwin Green: egreen@post-gazette.com or 412-263-1969.
First Published October 28, 2010 8:18 am

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