Eqt corporation (EQT)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Operating revenues:
Sales of natural gas, natural gas liquids and oil

715,201

849,647

769,627

900,527

1,271,613

1,430,383

1,049,594

1,000,756

1,228,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

670,979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on derivatives not designated as hedges

389,436

160,682

180,313

407,635

-131,996

-184,211

-3,075

-53,897

62,592

167,328

35,625

46,326

140,742

-216,649

93,356

-234,693

108,995

176,648

161,263

4,259

43,592

97,000

1,821

-8,525

-9,354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating revenues

1,107,057

1,011,483

951,576

1,310,252

1,143,173

1,245,138

1,050,046

950,648

1,312,036

848,696

659,413

688,742

894,169

157,728

556,726

127,531

545,069

601,381

583,978

439,588

714,815

703,194

578,723

526,168

661,625

493,429

479,606

473,093

415,883

225,401

364,057

337,804

449,960

120,699

362,644

367,791

472,695

422,905

257,335

257,515

436,640

385,556

218,357

238,040

469,403

297,827

334,009

Operating expenses:
Transportation and processing

439,834

438,580

437,942

436,984

439,246

431,528

420,747

428,069

416,657

760,040

136,219

134,818

133,706

628,908

89,883

84,207

77,193

68,220

71,996

69,356

65,776

56,184

49,121

51,723

45,175

40,447

35,664

35,866

36,731

-23,176

34,394

39,667

84,066

-61,706

34,121

40,250

115,238

114,115

8,838

15,969

113,962

103,727

13,573

34,591

209,007

82,114

118,352

Operation and maintenance

-

-

-

-

-

-

-

-

-

-

19,589

18,315

16,817

-

18,198

16,353

17,136

-22,933

32,385

32,061

28,247

-26,224

27,944

27,587

25,221

24,560

25,902

24,067

23,233

-6,207

36,259

34,815

34,390

-7,165

35,872

30,586

25,055

41,639

40,483

35,774

34,518

38,372

35,149

34,892

31,590

30,333

28,612

Production

40,380

36,240

37,821

36,316

43,408

46,544

42,734

47,863

58,634

51,888

39,513

44,276

45,672

48,078

38,999

45,891

41,202

82,582

32,505

31,492

31,356

89,581

33,840

31,882

31,940

27,379

28,076

27,747

24,889

23,359

23,201

22,572

27,023

20,127

24,908

19,765

16,111

18,251

16,010

16,532

16,621

17,533

15,565

14,860

15,020

23,076

20,369

Exploration

923

867

3,492

1,857

1,007

291

3,596

1,653

1,225

8,526

2,436

3,481

3,122

-4,722

2,671

3,591

3,123

29,817

8,177

11,422

12,554

9,239

3,606

7,452

1,419

3,359

5,256

6,138

3,730

5,492

1,163

1,887

1,828

1,545

814

1,198

1,375

2,014

941

1,078

1,335

5,654

4,526

4,414

3,311

3,508

838

Selling, general and administrative

34,938

38,444

79,376

86,208

48,978

129,630

51,816

62,959

39,815

18,096

66,263

52,670

71,957

22,181

61,430

77,352

57,983

60,762

60,633

65,404

63,126

68,752

57,131

63,283

48,968

58,071

48,171

54,822

39,785

36,042

51,481

41,778

42,942

29,052

44,745

40,936

38,891

37,590

34,333

44,416

39,212

51,466

59,906

35,581

29,750

-38,199

32,654

Depreciation and depletion

357,526

384,226

390,993

372,413

391,113

416,620

388,016

371,709

392,693

251,690

246,560

240,817

231,918

173,503

237,088

224,629

221,231

219,425

208,227

196,819

194,745

194,390

175,578

157,219

152,111

178,150

169,473

162,473

143,036

119,800

131,611

115,681

107,525

66,241

87,343

81,886

78,398

74,641

68,548

65,217

61,879

55,595

49,706

46,188

44,589

34,269

32,051

Loss on exchange of long-lived assets

-48,852

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proxy and transaction costs

-

-

-

-

-

-

-

-

10,078

-

10,806

4,238

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

7,478

7,477

7,755

10,342

10,342

10,342

10,341

10,342

10,342

5,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal and Impairment

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment/loss on sale/exchange of long-lived assets

-

-

13,935

0

-

32,597

259,279

118,100

2,300,000

-

-

-

0

-

-

-

-

118,217

0

0

4,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

-

-

15,411

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment and expiration of leases

53,768

-684,143

49,601

48,584

29,534

-307,534

12,176

19,529

-3,879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proxy, transaction and reorganization

0

14,659

76,779

21,518

4,089

-

8,792

5,060

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

983,699

2,473,550

1,113,105

1,014,222

967,717

1,815,829

1,197,497

1,065,298

3,262,368

1,185,615

521,386

498,615

503,192

831,947

448,269

452,023

417,868

556,090

413,923

406,554

400,056

659,261

347,220

339,146

304,834

331,966

312,542

311,113

271,404

155,310

278,109

256,400

297,774

48,094

227,803

214,621

275,068

288,250

169,153

178,986

267,527

272,347

178,425

170,526

333,267

135,101

232,876

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

37,749

-

-

0

-

-

-

-

-

-

0

180,143

0

22,785

-

-

-

-

-

-

-

-

-

-

Operating income

123,358

-1,462,067

-161,529

296,030

175,456

-570,691

-147,451

-114,650

-1,950,332

-336,919

138,027

190,127

390,977

-666,194

108,457

-324,492

127,201

45,291

170,055

33,034

314,759

40,330

231,503

224,771

356,791

181,081

167,064

161,980

144,479

70,091

85,948

81,404

152,186

72,605

314,984

153,170

220,412

134,655

88,182

78,529

169,113

113,209

39,932

67,514

136,136

162,726

101,133

Gain on Equitrans Share Exchange

187,223

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on investment in Equitrans Midstream Corporation

-390,628

-60,214

-261,093

-104,741

89,055

-72,366

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend and other income

24,714

-

-

-

20,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

62,374

45,066

47,709

50,503

56,573

57,747

56,180

57,120

57,911

30,861

50,377

44,078

42,655

22,690

35,984

36,305

36,180

35,935

36,547

36,833

37,216

36,979

35,717

31,873

31,968

31,998

35,554

37,384

37,752

62,445

40,460

40,629

41,252

37,686

32,503

33,287

32,852

26,082

33,861

34,080

34,134

33,683

32,393

26,460

19,243

13,012

14,327

Dividend and other income

-

-

22,960

23,645

-

-

4,323

-130

-130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in earnings of nonconsolidated investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,358

-

-

-

2,527

-

1,950

1,610

1,122

1,557

1,697

Other income

-

-

-

-

-

-

-

-

-

-

6,526

6,305

3,048

-

10,715

7,644

4,840

3,664

2,661

2,689

939

719

1,004

2,579

2,551

2,610

2,310

2,041

2,281

1,695

2,801

5,249

5,791

7,686

3,098

18,046

4,446

6,874

2,924

2,573

527

6,786

511

698

590

611

1,574

Loss on debt extinguishment

-16,610

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Loss) income before income taxes

-134,317

-1,543,456

-447,371

164,431

228,925

-697,850

-199,308

-171,900

-2,008,373

-399,287

94,176

152,354

351,370

-720,158

83,188

-353,153

95,861

13,020

136,169

-1,110

278,482

4,070

196,790

195,477

327,374

151,693

133,820

126,637

109,008

9,341

48,289

46,024

116,725

40,247

285,579

137,929

194,364

112,920

57,245

47,022

138,033

81,630

10,000

43,362

118,605

151,882

90,077

Income tax expense

32,822

-366,532

-86,343

38,865

38,234

-99,788

-71,961

-94,922

-429,840

-1,307,509

-11,281

29,709

100,665

-210,943

13,084

-172,346

7,436

76,282

35,936

-64,857

57,314

-25,828

64,496

59,089

116,335

68,839

33,501

38,078

34,768

608

11,585

14,578

44,690

9,588

106,665

50,175

72,109

39,807

20,723

17,022

49,968

26,248

7,091

16,717

46,612

55,684

34,686

(Loss) income from continuing operations

-

-

-361,028

125,566

-

-598,062

-127,347

-76,978

-1,578,533

-

-

-

-

-

-

-

-

-

-

-

-

29,898

132,294

136,388

211,039

82,854

100,319

88,559

74,240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

0

0

-

-163,911

190,795

213,324

133,554

-

-

-

-

-

-

-

-

-

-

-

-

-401

0

1,876

-104

48,952

2,291

5,559

35,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-

-

-361,028

125,566

-

-761,973

63,448

136,346

-1,444,979

1,379,335

105,457

122,645

250,705

-108,785

70,104

-180,807

88,425

-63,262

100,233

63,747

221,168

29,497

132,294

138,264

210,935

131,806

102,610

94,118

109,281

56,226

36,704

31,446

72,035

-

178,914

-

-

-

-

30,000

88,065

-

2,909

26,645

71,993

96,198

55,391

Less: Net income from discontinued operations attributable to noncontrolling interests

-

-

0

0

-

-125,286

103,141

118,540

141,015

99,264

82,117

81,519

86,713

83,173

78,120

77,838

82,789

71,317

59,446

58,211

47,741

44,201

33,739

27,343

18,742

16,601

14,354

7,262

9,026

-

4,831

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts attributable to EQT Corporation:
(Loss) income from continuing operations

-

-

-361,028

125,566

-

-598,062

-127,347

-76,978

-1,578,533

-

-

-

-

-

-

-

-

-

-

-

-

-14,303

98,555

109,045

192,297

66,253

85,965

81,297

65,214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

0

0

-

-38,625

87,654

94,784

-7,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-167,139

-1,176,924

-361,028

125,566

190,691

-636,687

-39,693

17,806

-1,585,994

1,280,071

23,340

41,126

163,992

-191,958

-8,016

-258,645

5,636

-

-

-

-

-14,704

98,555

110,921

192,193

115,205

88,256

86,856

100,255

48,041

31,873

31,446

72,035

90,846

178,914

87,754

122,255

-

36,522

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

0

0

-

-163,911

190,795

213,324

133,554

-

-

-

-

-

-

-

-

-

-

-

-

-401

0

1,876

-104

48,952

2,291

5,559

35,041

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,787

5,536

173,427

-14,704

98,555

110,921

192,193

115,205

88,256

86,856

100,255

48,041

31,873

31,446

72,035

90,846

178,914

87,754

122,255

-

36,522

-

-

-

-

-

-

-

-

Earnings per share of common stock:
Basic:
Weighted average common stock outstanding (in shares)

255,435

255,351

255,235

255,099

254,879

254,261

259,560

265,030

264,877

229,369

173,476

173,462

173,213

171,524

172,867

166,801

156,720

152,551

152,551

152,454

152,036

151,540

151,557

151,744

151,371

150,765

150,679

150,525

150,327

-

149,604

149,582

149,494

-

149,441

149,444

149,271

-

149,133

147,575

134,084

-

130,850

130,830

130,743

130,540

126,243

(Loss) income from continuing operations (in dollars per share)

-

-

-1.41

0.49

-

-2.38

-0.49

-0.29

-5.96

-

-

-

-

-

-

-

-

-

-

-

-

-0.10

0.65

0.72

1.27

0.43

0.57

0.54

0.44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

-

-

0.00

0.00

-

-0.15

0.34

0.36

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.01

0.00

0.32

0.02

0.04

0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income (in dollars per share)

-0.65

-4.62

-1.41

0.49

0.75

-2.53

-0.15

0.07

-5.99

6.73

0.13

0.24

0.95

-1.15

-0.05

-1.55

0.04

-0.89

0.27

0.04

1.14

-0.10

0.65

0.73

1.27

0.75

0.59

0.58

0.67

0.33

0.21

0.21

0.48

0.60

1.20

0.59

0.82

0.48

0.24

0.20

0.66

0.43

0.02

0.20

0.55

0.74

0.44

Diluted:
Weighted average common stock outstanding (in shares)

255,435

254,880

255,235

255,223

255,226

254,137

259,560

265,154

264,877

230,140

173,675

173,582

173,511

171,049

172,867

166,801

157,195

153,269

152,854

152,877

152,756

152,393

152,330

152,570

152,759

153,143

151,663

151,393

150,949

-

150,388

150,149

150,216

-

150,301

150,111

150,002

-

149,775

148,289

135,009

-

131,505

131,443

131,400

131,558

127,321

(Loss) income from continuing operations (in dollars per share)

-

-

-1.41

0.49

-

-2.38

-0.49

-0.29

-5.96

-

-

-

-

-

-

-

-

-

-

-

-

-0.10

0.65

0.72

1.26

0.43

0.57

0.54

0.43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations (in dollars per share)

-

-

0.00

0.00

-

-0.15

0.34

0.36

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.01

0.00

0.33

0.01

0.03

0.23

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income (in dollars per share)

-0.65

-4.62

-1.41

0.49

0.75

-2.53

-0.15

0.07

-5.99

6.72

0.13

0.24

0.95

-1.15

-0.05

-1.55

0.04

-0.89

0.27

0.04

1.14

-0.10

0.65

0.73

1.26

0.76

0.58

0.57

0.66

0.32

0.21

0.21

0.48

0.60

1.19

0.58

0.82

0.48

0.24

0.20

0.65

0.42

0.02

0.20

0.55

0.73

0.44

Dividends declared per common share (in dollars per share)

-

-

-

-

-

-

-

-

0.03

-

0.03

0.03

0.03

-

0.03

0.03

0.03

-

0.03

0.03

0.03

-

0.03

0.03

0.03

-

0.03

0.03

0.03

-

0.22

0.22

0.22

-

0.22

0.22

0.22

-

0.22

0.22

0.22

-

0.22

0.22

0.22

0.22

0.22

Sales of natural gas, natural gas liquids and oil
Sales of natural gas, natural gas liquids and oil

715,201

849,647

769,627

900,527

1,271,613

1,430,791

1,046,989

991,365

1,226,374

848,186

552,953

576,714

673,465

522,099

403,939

304,532

364,427

364,256

365,940

373,756

586,408

-

526,521

485,181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on derivatives not designated as hedges
Net marketing services and other

2,420

-

-

-

3,556

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net marketing services and other

-

-

1,636

2,090

-

-1,442

6,132

13,180

23,070

-166,818

70,835

65,702

79,962

-147,722

59,431

57,692

71,647

60,477

56,775

61,573

84,815

-

50,381

49,512

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-