Stock Analysis on Net

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 
Quarterly Data

Microsoft Excel

Long-term Activity Ratios (Summary)

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

Microsoft Excel
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
Net fixed asset turnover 0.68 0.57 0.45 0.37 0.26 0.23 0.19 0.17 0.17 0.18 0.20 0.23 0.25 0.27 0.27 0.27
Total asset turnover 0.55 0.46 0.37 0.31 0.21 0.19 0.17 0.15 0.15 0.16 0.17 0.20 0.22 0.23 0.23 0.23
Equity turnover 1.28 1.15 1.00 0.68 0.59 0.44 0.33 0.29 0.30 0.30 0.34 0.39 0.40 0.41 0.43 0.43

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).

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. EQT Corp. total asset turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. EQT Corp. equity turnover ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Net Fixed Asset Turnover

EQT Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in thousands)
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
Net property, plant and equipment 18,132,185 18,202,071 18,295,889 18,418,920 18,781,110 15,819,071 15,898,016 16,054,265 15,557,417 15,704,073 15,965,542 16,155,490 17,569,994 17,505,652 17,453,212 17,392,507 23,129,894 23,164,666 22,875,840
Long-term Activity Ratio
Net fixed asset turnover1 0.68 0.57 0.45 0.37 0.26 0.23 0.19 0.17 0.17 0.18 0.20 0.23 0.25 0.27 0.27 0.27
Benchmarks
Net Fixed Asset Turnover, Competitors2
Chevron Corp. 1.58 1.43 1.22 1.06 0.91 0.77 0.62 0.60 0.73 0.80 0.91 0.93
ConocoPhillips 1.18 1.02 0.83 0.71 0.64 0.51 0.39 0.47 0.51 0.59 0.73 0.77
Exxon Mobil Corp. 1.90 1.68 1.44 1.28 1.10 0.96 0.81 0.78 0.78 0.85 1.00 1.01
Marathon Petroleum Corp. 4.89 4.30 3.64 3.20 2.73 2.31 1.83 1.79 2.09 2.14 2.60 2.72
Occidental Petroleum Corp. 0.62 0.58 0.49 0.43 0.37 0.32 0.26 0.27 0.29 0.30 0.29 0.25
Valero Energy Corp. 5.59 5.06 4.27 3.69 3.11 2.66 2.09 2.14 2.48 2.86 3.48 3.70

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).

1 Q3 2022 Calculation
Net fixed asset turnover = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ Net property, plant and equipment
= (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115) ÷ 18,132,185 = 0.68

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Total Asset Turnover

EQT Corp., total asset turnover calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in thousands)
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
Total assets 22,541,137 22,621,664 21,814,611 21,607,388 23,011,720 18,985,257 18,039,404 18,113,469 17,574,735 18,008,868 18,634,517 18,809,227 20,160,449 20,479,347 20,339,685 20,721,344 28,661,329 28,963,228 27,632,346
Long-term Activity Ratio
Total asset turnover1 0.55 0.46 0.37 0.31 0.21 0.19 0.17 0.15 0.15 0.16 0.17 0.20 0.22 0.23 0.23 0.23
Benchmarks
Total Asset Turnover, Competitors2
Chevron Corp. 0.87 0.80 0.71 0.65 0.56 0.48 0.40 0.39 0.47 0.51 0.57 0.59
ConocoPhillips 0.79 0.70 0.58 0.51 0.41 0.34 0.27 0.30 0.33 0.39 0.45 0.46
Exxon Mobil Corp. 1.05 0.96 0.86 0.82 0.72 0.64 0.54 0.54 0.55 0.59 0.70 0.70
Marathon Petroleum Corp. 1.93 1.65 1.49 1.41 1.15 0.93 0.81 0.82 0.99 1.14 1.37 1.26
Occidental Petroleum Corp. 0.50 0.45 0.39 0.35 0.29 0.24 0.21 0.22 0.24 0.24 0.23 0.19
Valero Energy Corp. 2.87 2.42 2.18 1.97 1.73 1.46 1.19 1.25 1.47 1.78 2.22 2.01

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).

1 Q3 2022 Calculation
Total asset turnover = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ Total assets
= (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115) ÷ 22,541,137 = 0.55

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.

Equity Turnover

EQT Corp., equity turnover calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in thousands)
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
Common shareholders’ equity 9,618,962 9,061,187 8,188,673 10,029,527 8,248,460 8,291,758 9,219,640 9,255,240 8,845,809 9,438,827 9,633,878 9,803,588 10,897,625 11,248,475 11,139,588 10,958,229 11,000,175 11,679,283 11,716,322
Long-term Activity Ratio
Equity turnover1 1.28 1.15 1.00 0.68 0.59 0.44 0.33 0.29 0.30 0.30 0.34 0.39 0.40 0.41 0.43 0.43
Benchmarks
Equity Turnover, Competitors2
Chevron Corp. 1.43 1.34 1.21 1.12 0.99 0.87 0.73 0.72 0.79 0.86 0.94 0.97
ConocoPhillips 1.53 1.30 1.09 1.01 0.82 0.66 0.52 0.63 0.68 0.77 0.94 0.93
Exxon Mobil Corp. 2.08 1.99 1.81 1.64 1.50 1.35 1.15 1.14 1.10 1.19 1.37 1.33
Marathon Petroleum Corp. 6.58 6.06 5.65 4.58 3.63 3.03 3.26 3.14 3.69 4.07 4.89 3.68
Occidental Petroleum Corp. 1.26 1.21 1.16 1.28 1.18 1.07 0.90 0.96 1.00 0.92 0.74 0.60
Valero Energy Corp. 7.78 7.42 7.00 6.18 5.42 4.59 3.57 3.45 3.96 4.42 5.63 4.97

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).

1 Q3 2022 Calculation
Equity turnover = (Sales of natural gas, natural gas liquids and oilQ3 2022 + Sales of natural gas, natural gas liquids and oilQ2 2022 + Sales of natural gas, natural gas liquids and oilQ1 2022 + Sales of natural gas, natural gas liquids and oilQ4 2021) ÷ Common shareholders’ equity
= (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115) ÷ 9,618,962 = 1.28

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 improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022.