EQT CORPORATION EQT Income Statement

Eqt corporation (EQT)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Operating revenues:
Sales of natural gas, natural gas liquids and oil
3,235	3,791	4,372	4,652	4,752	4,709	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on derivatives not designated as hedges
1,138	616	271	88	-373	-178	172	211	311	390	6	63	-217	-248	144	212	451	385	306	146	133	80	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating revenues
4,380	4,416	4,650	4,748	4,389	4,557	4,161	3,770	3,508	3,091	2,400	2,297	1,736	1,387	1,830	1,857	2,170	2,339	2,441	2,436	2,522	2,469	2,259	2,160	2,107	1,862	1,593	1,478	1,343	1,377	1,272	1,271	1,301	1,323	1,626	1,520	1,410	1,374	1,337	1,298	1,278	1,311	1,223	1,339	0	0	0
Operating expenses:
Transportation and processing
1,753	1,752	1,745	1,728	1,719	1,697	2,025	1,740	1,447	1,164	1,033	987	936	880	319	301	286	275	263	240	222	202	186	173	157	148	85	83	87	134	96	96	96	127	303	278	254	252	242	247	265	360	339	444	0	0	0
Operation and maintenance
-	-	-	-	-	-	-	-	-	-	76	74	72	-	28	42	58	69	66	62	57	54	105	103	99	97	66	77	88	99	98	97	93	84	133	137	142	152	149	143	142	140	131	125	0	0	0
Production
150	153	164	169	180	195	201	197	194	181	177	177	178	174	208	202	187	177	184	186	186	187	125	119	115	108	104	99	94	96	92	94	91	80	79	70	66	67	66	66	64	62	68	73	0	0	0
Exploration
7	7	6	6	6	6	15	13	15	17	4	4	4	4	39	44	52	61	41	36	32	21	15	17	16	18	20	16	12	10	6	6	5	4	5	5	5	5	9	12	15	17	15	12	0	0	0
Selling, general and administrative
238	253	344	316	293	284	172	187	176	208	213	208	232	218	257	256	244	249	257	254	252	238	227	218	210	200	178	182	169	172	165	158	157	153	162	151	155	155	169	195	186	176	87	59	0	0	0
Depreciation and depletion
1,505	1,538	1,571	1,568	1,567	1,569	1,404	1,262	1,131	970	892	883	867	856	902	873	845	819	794	761	721	679	663	656	662	653	594	556	510	474	421	376	342	313	322	303	286	270	251	232	213	196	174	157	0	0	0
Loss on exchange of long-lived assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proxy and transaction costs
-	-	-	-	-	-	-	-	162	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
33	35	38	41	41	41	36	26	15	5	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
-	-	46	291	-	2,709	0	0	0	-	-	-	0	-	-	-	-	122	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of intangible assets
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment and expiration of leases
-532	-556	-179	-217	-246	-279	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proxy, transaction and reorganization
112	117	111	39	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
5,584	5,568	4,910	4,995	5,046	7,340	6,710	6,034	5,467	2,708	2,355	2,282	2,235	2,150	1,874	1,839	1,794	1,776	1,879	1,813	1,745	1,650	1,323	1,288	1,260	1,227	1,050	1,015	961	987	880	830	788	765	1,005	947	911	903	888	897	888	954	817	871	0	0	0
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	202	0	0	0	-	-	-	-	-	-	-	-	-	-
Operating income
-1,204	-1,152	-260	-246	-657	-2,783	-2,549	-2,263	-1,959	382	52	23	-491	-755	-43	18	375	563	558	619	811	853	994	929	866	654	543	462	381	389	392	621	692	761	823	596	521	470	449	400	389	356	406	467	0	0	0
Gain on Equitrans Share Exchange
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on investment in Equitrans Midstream Corporation
-816	-336	-349	-88	16	-72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend and other income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
205	199	212	221	227	228	202	196	183	167	159	145	137	131	144	144	145	146	147	146	141	136	131	131	136	142	173	178	181	184	160	152	144	136	124	126	126	128	135	134	126	111	91	73	0	0	0
Dividend and other income
-	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in earnings of nonconsolidated investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	6	5	0	0	0
Other income
-	-	-	-	-	-	-	-	-	-	24	28	29	-	26	18	13	9	7	5	5	6	8	10	9	9	8	8	12	15	21	21	34	33	32	32	16	12	12	10	8	8	2	3	0	0	0
Loss on debt extinguishment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income before income taxes
-1,960	-1,597	-751	-503	-840	-3,077	-2,778	-2,485	-2,161	198	-122	-133	-638	-894	-161	-108	243	426	417	478	674	723	871	808	739	521	378	293	212	220	251	488	580	658	730	502	411	355	323	276	273	253	323	403	0	0	0
Income tax expense
-381	-375	-109	-94	-228	-696	-1,904	-1,843	-1,718	-1,188	-91	-67	-269	-362	-75	-52	54	104	2	31	155	214	308	277	256	175	106	85	61	71	80	175	211	238	268	182	149	127	113	100	100	96	126	153	0	0	0
(Loss) income from continuing operations
-	-	-642	-409	-	-2,380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	509	562	530	482	345	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-163	26	-	373	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1	50	53	56	91	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-	-	-806	-382	-	-2,007	134	176	162	1,858	370	334	31	-131	-85	-55	189	321	414	446	521	510	613	583	539	437	362	296	233	196	319	0	0	-	0	-	-	-	-	0	0	-	197	250	0	0	0
Less: Net income from discontinued operations attributable to noncontrolling interests
-	-	-125	-22	-	237	461	440	403	349	333	329	325	321	310	291	271	236	209	183	153	124	96	77	56	47	35	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable to EQT Corporation:
(Loss) income from continuing operations
-	-	-642	-409	-	-2,380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	385	466	453	425	298	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-38	49	-	136	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-1,579	-1,221	-681	-360	-467	-2,244	-327	-264	-241	1,508	36	5	-294	-452	0	0	0	-	-	-	-	386	516	506	482	390	323	267	211	183	226	373	429	479	425	0	0	-	0	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-163	26	-	373	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1	50	53	56	91	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	205	262	368	386	516	506	482	390	323	267	211	183	226	373	429	479	425	0	0	-	0	-	-	-	-	-	-	-	-
Earnings per share of common stock:
Basic:
Weighted average common stock outstanding (in shares)
255	255	255	255	254	254	259	265	264	229	173	173	173	171	172	166	156	152	152	152	152	151	151	151	151	150	150	150	150	-	149	149	149	-	149	149	149	-	149	147	134	-	130	130	130	130	126
(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	254	255	255	255	254	259	265	264	230	173	173	173	171	172	166	157	153	152	152	152	152	152	152	152	153	151	151	150	-	150	150	150	-	150	150	150	-	149	148	135	-	131	131	131	131	127
(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
3,235	3,791	4,372	4,649	4,740	4,695	4,112	3,618	3,204	2,651	2,325	2,176	1,904	1,594	1,437	1,399	1,468	1,690	1,852	1,971	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on derivatives not designated as hedges
Net marketing services and other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net marketing services and other
-	-	5	10	-	40	-124	-59	-7	49	68	57	49	41	249	246	250	263	253	246	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-