Integrated energy player EQT Corporation EQT reported first-quarter 2016 adjusted earnings of 7 cents per share, which decreased from the prior-year level of $1.08. The Zacks Consensus Estimate for the quarter was of a loss of 5 cents.EQT Corporation (EQT) Street EPS & Surprise Percent - Last 5 Quarters | FindTheCompany Net operating revenue in the quarter plunged 23.7% year over year to $545.1 million. Nonetheless, the top line surpassed the Zacks Consensus Estimate of $529.0 million.Segment DetailsEQT Production reported first-quarter operating revenues of $473.1 million, down 19.8% year over year. The decrease was partially offset by an increase in average daily sales volume by 22.6%.Operating loss was $11.3 million. The segment had posted an income of $185.8 million in 1Q15.In the EQT Midstream segment, net gathering revenues climbed 6% year over year to $137 million on 13.1% growth in gathered volumes. Net transmission revenues increased 10%. Net storage, marketing and other operating revenues were $8.6 million, up17.8% year over year.Operating income jumped 9.41% year over year to $141.9 million in the reported quarter.FinancialsThe company’s adjusted operating cash flow was $218.6 million during the quarter, down 41.6% year over year.EQT Corp.’s capital expenditure totaled $372.5 million in the quarter. This includes $231.6 million spent on EQT Production and $140.9 million spent on EQT Midstream.GuidanceProduction sales volume for 2016 is projected at 710–730 billion cubic feet equivalent (Bcfe), and liquids volume is estimated at 10,250–10,750 thousand barrel of oil equivalent (MBBl). Production sales volume for second-quarter 2016 is projected at 175–180 Bcfe; and liquids volume is expected in the range of 2,700–2,750 MBBls.Zacks RankThe company currently carries a Zacks Rank #3 (Hold).Some better-ranked players from the broader energy sector are SunCoke Energy Inc. SXC, PetroChina Co. Ltd. PTR and Braskem S.A. BAK. All these stocks sport a Zacks Rank #1 (Strong Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report EQT CORP (EQT): Free Stock Analysis Report PETROCHINA ADR (PTR): Free Stock Analysis Report BRASKEM SA (BAK): Free Stock Analysis Report SUNCOKE ENERGY (SXC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research