Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Paying user area
Try for free
EQT Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to EQT Corp. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Profitability Ratios (Summary)
EQT Corp., profitability ratios (quarterly data)
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).
- Operating Profit Margin
- The operating profit margin exhibits a generally negative trend throughout the observed periods, starting from -59.27% in December 2018. It shows a fluctuating pattern with some temporary improvements, such as a recovery to -5.3% and -5.96% in mid to late 2019. However, this was followed by further declines reaching as low as -93.36% by December 2020. The margin reflects a gradual improvement starting from March 2022, turning positive to 23.11% by September 2022, indicating a significant turnaround in operational profitability during the latest quarters.
- Net Profit Margin
- The net profit margin follows a similar trajectory to the operating margin, maintaining negative values across most quarters. The margin starts at -47.8% in December 2018 and shows an overall downward trend, worsening to -82.92% by the end of 2020. Subsequent quarters indicate some recovery, with the margin improving to -7.69% by September 2022, eventually turning positive to 15.05%. This suggests enhanced bottom-line profitability alongside operational improvements.
- Return on Equity (ROE)
- ROE also remains negative during the period, indicating challenges in generating returns for shareholders. The figure declines from -20.48% in December 2018 to a trough of -35.08% in December 2021. After that, it shows signs of recovery, rising to positive territory at 19.34% by the last quarter in September 2022. This improvement aligns with the trends observed in profit margins, reflecting better utilization of equity capital in the recent period.
- Return on Assets (ROA)
- ROA values are consistently negative throughout the data, mirroring the overall profitability challenges. Beginning at -10.83% in December 2018, the ratio deteriorates further until the end of 2021, reaching as low as -12.57%. A positive trend emerges in 2022, with ROA improving from -12.06% in June 2022 to 8.25% by September 2022. This indicates an improvement in asset utilization efficiency, contributing to enhanced returns on the company’s assets.
Return on Sales
Return on Investment
Operating Profit Margin
EQT Corp., operating profit margin calculation (quarterly data)
| 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) | |||||||||||||||||||||||||
| Operating income (loss) | |||||||||||||||||||||||||
| Sales of natural gas, natural gas liquids and oil | |||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Operating profit margin1 | |||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||
| Occidental Petroleum Corp. | |||||||||||||||||||||||||
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
Operating profit margin = 100
× (Operating income (loss)Q3 2022
+ Operating income (loss)Q2 2022
+ Operating income (loss)Q1 2022
+ Operating income (loss)Q4 2021)
÷ (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)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income demonstrates high volatility across the quarters from March 2018 to September 2022. Initially, operating losses were substantial, notably -1,950,332 thousand USD in March 2018, followed by a sharp reduction in losses mid-2018. Positive operating income appeared intermittently, for example in the first half of 2019 and the final quarter of 2020, but losses resumed markedly in late 2019 and intensified dramatically in late 2021, reaching a loss of -2,609,526 thousand USD in the third quarter of 2021. By 2022, operating income rebounded with significant gains in the second and third quarters, achieving positive figures of 1,361,901 and 924,586 thousand USD respectively.
- Sales of Natural Gas, Natural Gas Liquids, and Oil
- Sales values show a general increasing trend over the observed period. Starting at 1,226,374 thousand USD in March 2018, sales dipped in several mid-period quarters, reaching lows around 498,772 thousand USD in June 2020. Subsequently, sales improved steadily from late 2020 onwards, with a pronounced rise in 2021 and continuing through 2022. The highest recorded sales appear in September 2022 and December 2022, at 3,365,211 and 3,694,194 thousand USD respectively, reflecting substantial growth in revenue from natural gas and oil products over the period.
- Operating Profit Margin
- The operating profit margin exhibits a predominantly negative trajectory, fluctuating from -59.27% in late 2018 to lows around -93.36% in late 2020. Following this, the margin shows signs of gradual improvement, reducing losses in late 2021 and early 2022, and ultimately turning positive by September 2022 with a margin of 23.11%. This indicates improved operational efficiency or favorable market conditions leading to profitability in the later periods despite the earlier persistence of negative margins.
- Overall Analysis
- The financial data reveals a cyclical pattern characterized by initial losses and lower sales figures, followed by a recovery phase marked by escalating sales and operating income in recent quarters. The positive operating profit margin in 2022 signifies a notable turnaround from previous years of operating losses. These trends suggest that while operational challenges and market fluctuations impacted performance earlier, recent quarters have demonstrated strengthened financial health and improved profitability prospects.
Net Profit Margin
EQT Corp., net profit margin calculation (quarterly data)
| 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) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | |||||||||||||||||||||||||
| Sales of natural gas, natural gas liquids and oil | |||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Net profit margin1 | |||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||
| Occidental Petroleum Corp. | |||||||||||||||||||||||||
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 profit margin = 100
× (Net income (loss) attributable to EQT CorporationQ3 2022
+ Net income (loss) attributable to EQT CorporationQ2 2022
+ Net income (loss) attributable to EQT CorporationQ1 2022
+ Net income (loss) attributable to EQT CorporationQ4 2021)
÷ (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)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The analysis of the financial data reveals significant volatility in key financial metrics over the periods presented.
- Net income (loss) attributable to the company (US$ thousands)
- Net income figures exhibit pronounced fluctuations, with notable losses recorded in several quarters, particularly during early 2018, late 2018, and late 2019. Periods of profitability appear intermittently, including the first quarter of 2019 and notably in the fourth quarter of 2021. The swings extend to early 2022 and the latest period in the dataset, which show substantial positive net income after previous considerable losses, indicating a highly variable profitability pattern.
- Sales of natural gas, natural gas liquids, and oil (US$ thousands)
- Sales revenue demonstrates an increasing trend over the analyzed timeframe. Initial quarters show values around 1.2 million dollars, dipping lower in mid to late 2019. However, beginning in 2021, there is a significant and sustained rise, culminating in sales figures surpassing 3 million dollars by the third quarter of 2022. This upward trajectory suggests an expansion in sales volume, pricing, or both.
- Net profit margin (%)
- The net profit margin remains mostly negative throughout, indicating that the company often operated at a loss relative to sales revenue. The margins show deep negative values especially in 2019 and 2020, with the worst margin nearing -83%. However, the margin begins to improve substantially towards the end of the data set, turning positive by the third quarter of 2022 at approximately 15%. This shift points to improving cost management, enhanced pricing strategies, or other operational efficiencies contributing to profitability.
Overall, the company experiences a recovery in profitability and margin expansion following periods of significant financial strain. The strong sales growth in the most recent quarters seems to correlate with the improved net income and margins, indicating a positive turnaround in financial performance.
Return on Equity (ROE)
EQT Corp., ROE calculation (quarterly data)
| 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) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | |||||||||||||||||||||||||
| Common shareholders’ equity | |||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROE1 | |||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||
| Occidental Petroleum Corp. | |||||||||||||||||||||||||
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
ROE = 100
× (Net income (loss) attributable to EQT CorporationQ3 2022
+ Net income (loss) attributable to EQT CorporationQ2 2022
+ Net income (loss) attributable to EQT CorporationQ1 2022
+ Net income (loss) attributable to EQT CorporationQ4 2021)
÷ Common shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
- Net Income (Loss) Attributable to EQT Corporation
- The net income shows significant volatility across the observed periods. There were substantial losses at various points, notably in March 31, 2018 (-1,585,994 thousand USD), December 31, 2018 (-636,687 thousand USD), and December 31, 2019 (-1,176,924 thousand USD). Noteworthy positive income spikes occurred on March 31, 2019 (190,691 thousand USD) and December 31, 2021 (1,801,333 thousand USD). The trend suggests instability with alternating profits and losses, without a clear sustained improvement or deterioration.
- Common Shareholders’ Equity
- Common shareholders’ equity displayed a gradual decline from March 31, 2018 (11,716,322 thousand USD) to December 31, 2020 (around 9,255,240 thousand USD), indicating a reduction in net asset value over this period. Starting in 2021, the equity fluctuated within a narrower range, with a slight recovery observable by December 31, 2022 (9,618,962 thousand USD). The general pattern illustrates a contraction in equity over the medium term, followed by some stabilization toward the end.
- Return on Equity (ROE) %
- ROE percentages reveal considerable instability and predominantly negative returns throughout the timeline. Beginning with negative values (e.g., -20.48% at September 30, 2018), the metric worsened substantially during several periods, reaching a low of -35.08% by September 30, 2021. There are intermittent improvements, but the majority of ROE figures indicate that shareholders experienced consistent negative profitability. The most recent period shows a positive ROE of 19.34%, signifying a potential turnaround in performance and efficiency in generating returns from equity.
Return on Assets (ROA)
EQT Corp., ROA calculation (quarterly data)
| 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) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | |||||||||||||||||||||||||
| Total assets | |||||||||||||||||||||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROA1 | |||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | |||||||||||||||||||||||||
| ConocoPhillips | |||||||||||||||||||||||||
| Exxon Mobil Corp. | |||||||||||||||||||||||||
| Occidental Petroleum Corp. | |||||||||||||||||||||||||
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
ROA = 100
× (Net income (loss) attributable to EQT CorporationQ3 2022
+ Net income (loss) attributable to EQT CorporationQ2 2022
+ Net income (loss) attributable to EQT CorporationQ1 2022
+ Net income (loss) attributable to EQT CorporationQ4 2021)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial performance exhibits significant volatility over the analyzed quarters, with fluctuations in net income and total assets reflecting a challenging operating environment. The net income attributable to the company shows a pattern of alternating losses and profits, with some quarters experiencing substantial negative results and others registering positive rebounds. Notably, the company faced sharp net losses during specific quarters such as March 31, 2018, December 31, 2019, and September 30, 2021, whereas positive net income was recorded in quarters like June 30, 2018, and December 31, 2021.
Total assets demonstrate relative stability with a general declining trend from early 2018 toward 2020, followed by a gradual recovery and subsequent increase throughout 2021 and into 2022. This pattern suggests possible asset disposals or write-downs initially, succeeded by asset replenishment or acquisition activities in later periods. Despite some fluctuations, total assets remain within a narrow range around twenty to twenty-three billion US dollars during the recent quarters.
The return on assets (ROA) metric corroborates the irregular profitability trend. It registers negative values for the majority of the observed quarters, indicating that the company struggled to generate profit from its asset base consistently. The ROA reached its lowest points around late 2018 and 2019, reflecting deep operational or market challenges. However, there is a positive turnaround visible in the most recent quarter analyzed, with ROA moving into positive territory, suggesting an improvement in asset utilization efficacy.
- Net Income Patterns
- Exhibits substantial variability, with severe losses interspersed with recovery periods. Sharp declines were observed in early 2018, late 2019, and late 2021, while positive income occurred sporadically, signaling episodic profitability challenges.
- Total Assets Trends
- Show a declining trajectory through 2018 and 2019, possibly due to strategic asset adjustments or market conditions, followed by a moderate resurgence from 2020 into 2022, indicating asset base stabilization and growth.
- Return on Assets (ROA) Analysis
- Consistently negative for most of the timeframe, reflecting operational inefficiencies or adverse market impacts, with recent quarters indicating a notable improvement as ROA transitions into positive values.