Stock Analysis on Net
Stock Analysis on Net

EQT Corp. (NYSE:EQT)

This company has been moved to the archive! The financial data has not been updated since October 27, 2022.

Common-Size Income Statement 

EQT Corp., common-size consolidated income statement

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12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Sales of natural gas, natural gas liquids and oil 100.00 100.00 100.00 100.00 100.00
Gain (loss) on derivatives not designated as hedges -55.48 15.10 16.26 -3.80 14.71
Net marketing services and other 0.52 0.31 0.22 0.87 1.87
Operating revenues 45.04% 115.42% 116.49% 97.07% 116.58%
Transportation and processing -28.54 -64.55 -46.23 -36.14 -43.93
Production -3.31 -5.86 -4.06 -4.17 -6.84
Exploration -0.36 -0.21 -0.19 -0.14 -0.66
Selling, general and administrative -2.89 -6.59 -4.50 -4.95 -7.88
Depreciation and depletion -24.64 -52.58 -40.58 -33.42 -36.62
Amortization of intangible assets 0.00 -0.98 -0.95 -0.88 -0.20
Gain (loss) on sale/exchange of long-lived assets 0.31 -3.80 -30.02 -57.71 0.00
Impairment of intangible and other assets 0.00 -1.31 -0.41 0.00 0.00
Impairment of goodwill 0.00 0.00 0.00 -11.30 0.00
Impairment and expiration of leases -4.58 -11.57 -14.68 -5.96 -0.28
Transactions -0.84 -0.44 0.00 -0.56 -5.74
Reorganization, including severance and contract terminations -0.11 -0.21 -2.58 0.00 0.00
Changes in legal reserves, including settlements -0.08 -0.43 -2.17 -1.10 0.00
Proxy 0.00 0.00 -0.51 0.00 0.00
Other operating expenses -1.03% -1.08% -5.26% -1.66% -5.74%
Operating expenses -65.04% -148.53% -146.87% -156.34% -102.17%
Operating income (loss) -20.00% -33.12% -30.39% -59.27% 14.42%
Gain on Equitrans Share Exchange 0.00 7.06 0.00 0.00 0.00
Income (loss) from investments 1.06 -11.87 -8.89 -1.54 0.00
Dividend and other income (expense) 0.28 1.34 2.41 0.15 -0.11
Loss on debt extinguishment -0.14 -0.96 0.00 0.00 -0.48
Interest expense -4.54 -10.23 -5.27 -4.88 -6.34
Income (loss) from continuing operations before income taxes -23.35% -47.77% -42.13% -65.54% 7.49%
Income tax benefit 6.38 11.28 9.91 14.83 44.82
Income (loss) from continuing operations -16.97% -36.49% -32.22% -50.71% 52.31%
Income from discontinued operations, net of tax 0.00 0.00 0.00 7.96 17.77
Net income (loss) -16.97% -36.49% -32.22% -42.75% 70.08%
Net (income) loss attributable to noncontrolling interest -0.02 0.00 0.00 -5.06 -13.19
Net income (loss) attributable to EQT Corporation -16.99% -36.49% -32.22% -47.80% 56.90%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. EQT Corp. operating income (loss) as a percentage of sales of natural gas, natural gas liquids and oil decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Income (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. EQT Corp. income (loss) from continuing operations before income taxes as a percentage of sales of natural gas, natural gas liquids and oil decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Net income (loss) attributable to EQT Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. EQT Corp. net income (loss) attributable to EQT Corporation as a percentage of sales of natural gas, natural gas liquids and oil decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.