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.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

EQT Corp., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Sales of natural gas, natural gas liquids and oil 3,694,194 3,365,211 2,486,624 2,811,115 1,784,050 1,077,904 1,130,951 837,334 598,992 498,772 715,201 849,647 769,627 900,527 1,271,613 1,430,791 1,046,989 991,365 1,226,374
Gain (loss) on derivatives (1,627,296) (845,095) (3,077,637) 1,016,540 (3,257,237) (1,345,532) (188,813) 411,534 (427,182) 26,426 389,436 160,682 180,313 407,635 (131,996) (184,211) (3,075) (53,897) 62,592
Net marketing services and other 2,565 7,392 11,903 12,039 8,349 7,512 7,785 3,717 317 1,876 2,420 1,154 1,636 2,090 3,556 (1,442) 6,132 13,180 23,070
Operating revenues 2,069,463 2,527,508 (579,110) 3,839,694 (1,464,838) (260,116) 949,923 1,252,585 172,127 527,074 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
Transportation and processing (541,092) (539,704) (516,104) (537,468) (494,897) (464,016) (445,784) (437,573) (427,691) (405,636) (439,834) (438,580) (437,942) (436,984) (439,246) (431,528) (420,747) (428,069) (416,657)
Production (81,785) (82,556) (71,012) (72,680) (57,823) (47,546) (47,230) (37,024) (39,670) (38,329) (40,380) (36,240) (37,821) (36,316) (43,408) (46,544) (42,734) (47,863) (58,634)
Exploration (357) (1,741) (772) (1,180) (20,495) (1,779) (949) (525) (3,160) (876) (923) (867) (3,492) (1,857) (1,007) (291) (3,596) (1,653) (1,225)
Selling, general and administrative (67,231) (59,276) (69,096) (52,343) (49,113) (49,853) (45,006) (44,836) (51,654) (43,341) (34,938) (38,444) (79,376) (86,208) (48,978) (129,630) (51,816) (62,959) (39,815)
Depreciation and depletion (418,695) (429,143) (422,098) (476,422) (442,876) (380,288) (377,116) (371,816) (341,027) (323,096) (357,526) (384,226) (390,993) (372,413) (391,113) (416,620) (388,016) (371,709) (392,693)
Amortization of intangible assets (3,573) (7,478) (7,477) (7,478) (7,477) (7,755) (10,342) (10,342) (10,342) (10,341) (10,342) (10,342)
Gain (loss) on sale/exchange of long-lived assets 265 981 1,209 2,710 391 16,816 1,207 1,992 (4,662) (49,207) (48,852) (1,124,352) (13,935) (3,538) (259,279) (118,114) (2,329,045)
Impairment of contract asset (184,945)
Impairment of intangible and other assets (34,694) (15,411)
Impairment of goodwill (530,811)
Impairment and expiration of leases (20,497) (47,048) (29,991) (228,335) (41,109) (25,634) (16,757) (161,192) (50,449) (41,279) (53,768) (428,705) (49,601) (48,584) (29,534) (244,124) (12,176) (19,529) (3,879)
Other operating expenses (15,485) (7,120) (16,347) (16,629) (38,766) (5,225) (9,443) (17,261) (6,531) (4,745) (14,659) (76,779) (21,518) (4,089) (2,401) (8,792) (5,060) (10,078)
Operating expenses (1,144,877) (1,165,607) (1,309,156) (1,382,347) (1,144,688) (957,525) (941,078) (1,106,502) (932,322) (913,986) (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)
Operating income (loss) 924,586 1,361,901 (1,888,266) 2,457,347 (2,609,526) (1,217,641) 8,845 146,083 (760,195) (386,912) 123,358 (1,462,067) (161,529) 296,030 175,456 (570,691) (147,451) (114,650) (1,950,332)
Gain on Equitrans Share Exchange 187,223
Income (loss) from investments 2,877 3,577 (20,785) 4,980 43,184 11,829 11,848 (10,624) 3,801 82,983 (390,628) (60,214) (261,093) (104,741) 89,055 (72,366)
Dividend and other income (expense) 157 7,313 3,596 7,776 4,260 3,765 3,304 4,308 2,900 3,590 24,714 23,891 22,960 23,645 20,987 2,954 4,323 (130) (130)
Loss on debt extinguishment (27,814) (104,348) (6,923) (5,332) (4,424) (4,723) (3,749) (353) (16,610)
Interest expense (60,138) (65,985) (67,902) (76,469) (80,349) (76,986) (75,099) (74,286) (69,154) (65,386) (62,374) (45,066) (47,709) (50,503) (56,573) (57,747) (56,180) (57,120) (57,911)
Income (loss) from continuing operations before income taxes 839,668 1,202,458 (1,980,280) 2,393,634 (2,642,431) (1,284,365) (55,526) 60,758 (826,397) (366,078) (134,317) (1,543,456) (447,371) 164,431 228,925 (697,850) (199,308) (171,900) (2,008,373)
Income tax (expense) benefit (152,206) (308,234) 465,697 (591,080) 662,915 347,846 14,494 2,920 225,757 103,003 (32,822) 366,532 86,343 (38,865) (38,234) 99,788 71,961 94,922 429,840
Income (loss) from continuing operations 687,462 894,224 (1,514,583) 1,802,554 (1,979,516) (936,519) (41,032) 63,678 (600,640) (263,075) (167,139) (1,176,924) (361,028) 125,566 190,691 (598,062) (127,347) (76,978) (1,578,533)
Income from discontinued operations, net of tax (163,911) 190,795 213,324 133,554
Net income (loss) 687,462 894,224 (1,514,583) 1,802,554 (1,979,516) (936,519) (41,032) 63,678 (600,640) (263,075) (167,139) (1,176,924) (361,028) 125,566 190,691 (761,973) 63,448 136,346 (1,444,979)
Net (income) loss attributable to noncontrolling interests (3,792) (2,863) (1,465) (1,221) (601) 62 514 10 125,286 (103,141) (118,540) (141,015)
Net income (loss) attributable to EQT Corporation 683,670 891,361 (1,516,048) 1,801,333 (1,980,117) (936,457) (40,518) 63,688 (600,640) (263,075) (167,139) (1,176,924) (361,028) 125,566 190,691 (636,687) (39,693) 17,806 (1,585,994)

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Income statement item Description The company
Sales of natural gas, natural gas liquids and oil Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. EQT Corp. sales of natural gas, natural gas liquids and oil increased from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. EQT Corp. operating income (loss) increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022.
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 increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022.
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 increased from Q1 2022 to Q2 2022 but then slightly decreased from Q2 2022 to Q3 2022.