EQT reveals first-quarter 2010 results

EQT, a developer of cleaner drilling technologies, has announced first-quarter 2010 earnings of $88.1m (£58m), or $0.65 per diluted share, and an operating cash flow of $204.8m.

This compares with earnings of $72m, or $0.55 per diluted share, and an operating cash flow of $174.2m in the first quarter of 2009.

Earnings per share increased 18 per cent quarter over quarter compared with the first quarter of 2009.