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.

Analysis of Long-term (Investment) Activity Ratios 

Microsoft Excel

Long-term Activity Ratios (Summary)

EQT Corp., long-term (investment) activity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net fixed asset turnover 0.37 0.17 0.23 0.27 0.13
Net fixed asset turnover (including operating lease, right-of-use asset) 0.37 0.16 0.23 0.27 0.13
Total asset turnover 0.31 0.15 0.20 0.23 0.09
Equity turnover 0.68 0.29 0.39 0.43 0.20

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. EQT Corp. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). EQT Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. EQT Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. EQT Corp. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover

EQT Corp., net fixed asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Sales of natural gas, natural gas liquids and oil 6,804,020 2,650,299 3,791,414 4,695,519 2,651,318
Net property, plant and equipment 18,418,920 16,054,265 16,155,490 17,392,507 19,730,008
Long-term Activity Ratio
Net fixed asset turnover1 0.37 0.17 0.23 0.27 0.13
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.06 0.60 0.93
ConocoPhillips 0.71 0.47 0.77
Exxon Mobil Corp. 1.28 0.78 1.01
Marathon Petroleum Corp. 3.20 1.79 2.72
Occidental Petroleum Corp. 0.43 0.27 0.25
Valero Energy Corp. 3.69 2.14 3.70
Net Fixed Asset Turnover, Sector
Oil, Gas & Consumable Fuels 1.33 0.79 1.13
Net Fixed Asset Turnover, Industry
Energy 1.35 0.83 1.17

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).

1 2021 Calculation
Net fixed asset turnover = Sales of natural gas, natural gas liquids and oil ÷ Net property, plant and equipment
= 6,804,020 ÷ 18,418,920 = 0.37

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. EQT Corp. net fixed asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

EQT Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Sales of natural gas, natural gas liquids and oil 6,804,020 2,650,299 3,791,414 4,695,519 2,651,318
 
Net property, plant and equipment 18,418,920 16,054,265 16,155,490 17,392,507 19,730,008
Lease right-of-use assets (recorded in Other assets) 26,100 21,600 52,200
Net property, plant and equipment (including operating lease, right-of-use asset) 18,445,020 16,075,865 16,207,690 17,392,507 19,730,008
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 0.37 0.16 0.23 0.27 0.13
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Chevron Corp. 1.03 0.59 0.90
ConocoPhillips 0.70 0.46 0.75
Exxon Mobil Corp. 1.24 0.76 0.98
Marathon Petroleum Corp. 3.09 1.72 2.58
Occidental Petroleum Corp. 0.43 0.27 0.25
Valero Energy Corp. 3.55 2.05 3.54
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector
Oil, Gas & Consumable Fuels 1.29 0.77 1.10
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry
Energy 1.32 0.80 1.14

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).

1 2021 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Sales of natural gas, natural gas liquids and oil ÷ Net property, plant and equipment (including operating lease, right-of-use asset)
= 6,804,020 ÷ 18,445,020 = 0.37

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). EQT Corp. net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Total Asset Turnover

EQT Corp., total asset turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Sales of natural gas, natural gas liquids and oil 6,804,020 2,650,299 3,791,414 4,695,519 2,651,318
Total assets 21,607,388 18,113,469 18,809,227 20,721,344 29,522,604
Long-term Activity Ratio
Total asset turnover1 0.31 0.15 0.20 0.23 0.09
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.65 0.39 0.59
ConocoPhillips 0.51 0.30 0.46
Exxon Mobil Corp. 0.82 0.54 0.70
Marathon Petroleum Corp. 1.41 0.82 1.26
Occidental Petroleum Corp. 0.35 0.22 0.19
Valero Energy Corp. 1.97 1.25 2.01
Total Asset Turnover, Sector
Oil, Gas & Consumable Fuels 0.83 0.52 0.73
Total Asset Turnover, Industry
Energy 0.82 0.52 0.72

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).

1 2021 Calculation
Total asset turnover = Sales of natural gas, natural gas liquids and oil ÷ Total assets
= 6,804,020 ÷ 21,607,388 = 0.31

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. EQT Corp. total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Equity Turnover

EQT Corp., equity turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Sales of natural gas, natural gas liquids and oil 6,804,020 2,650,299 3,791,414 4,695,519 2,651,318
Common shareholders’ equity 10,029,527 9,255,240 9,803,588 10,958,229 13,319,618
Long-term Activity Ratio
Equity turnover1 0.68 0.29 0.39 0.43 0.20
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.12 0.72 0.97
ConocoPhillips 1.01 0.63 0.93
Exxon Mobil Corp. 1.64 1.14 1.33
Marathon Petroleum Corp. 4.58 3.14 3.68
Occidental Petroleum Corp. 1.28 0.96 0.60
Valero Energy Corp. 6.18 3.45 4.97
Equity Turnover, Sector
Oil, Gas & Consumable Fuels 1.77 1.17 1.48
Equity Turnover, Industry
Energy 1.76 1.20 1.47

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).

1 2021 Calculation
Equity turnover = Sales of natural gas, natural gas liquids and oil ÷ Common shareholders’ equity
= 6,804,020 ÷ 10,029,527 = 0.68

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. EQT Corp. equity turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.