EQT Corporation (EQT) financial statements (2022 and earlier)

Company profile

Business Address 625 LIBERTY AVENUE
PITTSBURGH, PA 15222
State of Incorp. PA
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments114233314118143
Cash and cash equivalents114233314118143
Receivables1,4381,132652682567479543
Contract with customer, asset    394  
Other undisclosed current assets7352,1861,186591237849995
Total current assets:2,2873,3412,1691,3141,2151,3421,542
Noncurrent Assets
Operating lease, right-of-use asset26   22  
Property, plant and equipment18,41918,78115,81915,89816,05415,55715,704
Intangible assets, net (including goodwill)     411
Intangible assets, net (excluding goodwill)     411
Other noncurrent assets492480588438230132186
Other undisclosed noncurrent assets384410410390592540566
Total noncurrent assets:19,32119,67116,81716,72616,89816,23316,467
TOTAL ASSETS:21,60723,01218,98518,03918,11317,57518,009
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3391,183820812705693687
Accounts payable1,3391,183820812705693687
Debt95512400291543316
Other liabilities372317299257302218232
Other undisclosed current liabilities2,4145,7162,160651601895626
Total current liabilities:5,0807,2283,6791,7501,7621,8401,561
Noncurrent Liabilities
Long-term debt and lease obligation4,530704 3004,77124538
Long-term debt, excluding current maturities4,530704 3004,77124538
Liabilities, other than long-term debt1,9511,3461,9072,2822,3172,1922,405
Deferred income tax liabilities9393471,0101,3581,3721,3371,550
Other liabilities1,013999897924945855855
Other undisclosed noncurrent liabilities 5,4735,0974,477 4,4534,566
Total noncurrent liabilities:6,4817,5247,0047,0597,0886,8897,009
Total liabilities:11,56214,75210,6838,8098,8518,7298,570
Stockholders' equity
Stockholders' equity attributable to parent, including:10,0308,2488,2929,2209,2558,8469,439
Treasury stock, value(18)(18)(20)(21)(29)(29)(30)
Accumulated other comprehensive loss(5)(5)(5)(5)(5)(5)(5)
Retained earnings (accumulated deficit)(116)(1,909)711,0081,0489851,585
Other undisclosed stockholders' equity attributable to parent10,16810,1818,2468,2398,2427,8967,889
Stockholders' equity attributable to noncontrolling interest161111117  
Total stockholders' equity:10,0468,2608,3029,2309,2638,8469,439
TOTAL LIABILITIES AND EQUITY:21,60723,01218,98518,03918,11317,57518,009

Income statement (P&L) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues3,840(1,465)(260)9501,253172527
Cost of revenue(1,447)(1,036)(901)(870)(1,336)(865)(862)
Cost of goods and services sold(537)(495)(464)(446)(438)(428)(406)
Gross profit:2,392(2,501)(1,161)80(84)(693)(335)
Operating expenses65(108)(57)(71)230(67)(52)
Operating income (loss):2,457(2,610)(1,218)9146(760)(387)
Nonoperating income (expense)(59)471615434
Investment income, nonoperating(67)431212   
Other nonoperating income8443434
Interest and debt expense(76)(80)(82)(80)(79)(73)(66)
Income (loss) from continuing operations before equity method investments, income taxes:2,322(2,642)(1,284)(56)71(830)(449)
Other undisclosed income (loss) from continuing operations before income taxes72   (11)483
Income (loss) from continuing operations before income taxes:2,394(2,642)(1,284)(56)61(826)(366)
Income tax expense (benefit)(591)663348143226103
Net income (loss):1,803(1,980)(937)(41)64(601)(263)
Net income (loss) attributable to noncontrolling interest(1)(1)01   
Other undisclosed net income attributable to parent    0  
Net income (loss) available to common stockholders, diluted:1,801(1,980)(936)(41)64(601)(263)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):1,803(1,980)(937)(41)64(601)(263)
Other comprehensive income (loss)1(0)(0)(0)(0)00
Other undisclosed comprehensive income (loss)(0)000   
Comprehensive income (loss):1,803(1,979)(936)(41)63(601)(263)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(1)01   
Other undisclosed comprehensive income, net of tax, attributable to parent    0  
Comprehensive income (loss), net of tax, attributable to parent:1,802(1,980)(936)(40)63(601)(263)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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