EQT to buy back stock shares, delays pipeline start

Downtown-based oil and gas firm EQT Corp. told investors that its Mountain Valley Pipeline will be in service early next year, pushing back the start date after a series of legal challenges compelled the company to suspend the work on portions of the 303mile line. EQT, which is still looking for a permanent CEO, also announced that its board had authorized it to buy back up to $500 million in company stock.

Consumer alert posted at Emiliano’s on South Side

health and wellness retailer recorded $617.9 million in consolidated revenue for the three months ending June 30, compared with $650.2 million a year ago, and $13.3 million in net income, down from $16.6 million last year. Adjusted earnings per share of 20 cents bested consensus estimates by 5-6 cents.

Federated posts lower quarterly earnings, revenue

Federated Investors reported lower second quarter earnings and revenue, citing a $27.2 million pretax charge related to its acquisition of a 60 percent stake in a London investment firm. The Pittsburgh investment manager’s results fell short of Wall Street estimates. Federated said second quarter profits fell 27 percent to $38.8 million, or 38 cents per share, vs. earnings of $53.5 million, or 53 cents per share, in the year-ago quarter. Revenue slid 6 percent to $256 million. Analysts expected net income of 58 cents per share on revenue of $277 million.

Covestro sales, income rise on strong demand for plastics