EQGP (EQGP) Stock Price, News & Analysis

EQGP Holdings, LP (NYSE:EQGP) issued its quarterly earnings results on Thursday, October, 25th. The oil and gas company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.03. The oil and gas company had revenue of $364.58 million for the quarter, compared to analyst estimates of $361.93 million. EQGP had a trailing twelve-month return on equity of 10.93% and a net margin of 30.96%.

EQGP (NYSE:EQGP) pays an annual dividend of $1.26 per share and currently has a dividend yield of 6.30%. EQGP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 128.57%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EQGP will have a dividend payout ratio of 93.33% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EQGP.

Based on aggregate information from My MarketBeat watchlists, some companies that other EQGP investors own include Adverum Biotechnologies (ADVM), California Resources (CRC), Check-Cap (CHEK), Comerica (CMA), EQT (EQT), Allena Pharmaceuticals (ALNA), Bellicum Pharmaceuticals (BLCM), Chipotle Mexican Grill (CMG), Gladstone Investment (GAIN) and General Electric (GE).

EQGP (EQGP) raised $450 million in an initial public offering on Tuesday, May 12th 2015. The company issued 20,000,000 shares at a price of $21.00-$24.00 per share. Barclays, Goldman Sachs, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities served as the underwriters for the IPO and MUFG, BNP PARIBAS, PNC Capital Markets, Scotia Howard Weil, SunTrust Robinson Humphrey, Ladenburg Thalmann, Oppenheimer and U.S. Capital Advisors were co-managers.