Feb 18 (Reuters) - EQT beat analysts' estimate
for fourth-quarter profit on Tuesday, as the natural gas
producer benefited from higher prices of the commodity.
Natural gas prices rose in the quarter, hitting a two-year
peak, helped by an increase in the amount of gas flowing to
liquefied natural gas export plants. The prices also received a
boost from forecast for more cold weather in January, which is
expected to increase heating demand.
EQT's average realized price for natural gas was up at $3.01
per thousand cubic foot equivalent (Mcfe) during the quarter,
compared with $2.75 per Mcfe a year earlier.
The company posted an adjusted profit of 69 cents per share
for the quarter ended December 31, compared with analysts'
average estimate of 49 cents per share, according to data
compiled by LSEG.