EQT Corporation (EQT) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,215,4922,127,2621,458,64487,54143,74516,913
Cash and cash equivalents1,215,4922,127,2621,458,64487,54143,74516,913
Receivables475,211628,1321,608,0891,938,7172,058,9531,212,596
Other undisclosed current assets734,8661,194,160947,7081,876,2091,982,9311,796,421
Total current assets:2,425,5693,949,5544,014,4413,902,4674,085,6293,025,930
Noncurrent Assets
Property, plant and equipment18,323,49918,233,70018,167,33318,132,18518,202,07118,295,889
Other noncurrent assets524,409507,200488,152477,235304,714463,542
Other undisclosed noncurrent assets    29,25029,25029,250
Total noncurrent assets:18,847,90818,740,90018,655,48518,638,67018,536,03518,788,681
TOTAL ASSETS:21,273,47722,690,45422,669,92622,541,13722,621,66421,814,611
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,049,8951,153,2581,574,6101,678,0831,700,4061,416,274
Accounts payable1,049,8951,153,2581,574,6101,678,0831,700,4061,416,274
Debt413,917413,244422,632421,987440,900493,815
Other liabilities233,790292,907341,491322,944480,438333,118
Other undisclosed current liabilities485,224805,0131,393,4874,214,8884,568,0035,362,080
Total current liabilities:2,182,8262,664,4223,732,2206,637,9027,189,7477,605,287
Noncurrent Liabilities
Long-term debt and lease obligation4,257,6365,058,563 4,347,3324,601,16926,000
Long-term debt, excluding current maturities4,257,6365,058,563 4,347,3324,601,16926,000
Liabilities, other than long-term debt2,787,9872,813,8812,468,0451,897,3021,740,6581,446,828
Deferred income tax liabilities1,877,5841,880,2751,442,406893,139742,670433,769
Other liabilities910,403933,6061,025,6391,004,163997,9881,013,059
Other undisclosed noncurrent liabilities   5,256,333  4,530,463
Total noncurrent liabilities:7,045,6237,872,4447,724,3786,244,6346,341,8276,003,291
Total liabilities:9,228,44910,536,86611,456,59812,882,53613,531,57413,608,578
Equity
Equity, attributable to parent, including:12,005,77212,112,13411,172,4749,618,9629,061,1878,188,673
Treasury stock, value    (579)(2,848)(2,848)
Accumulated other comprehensive loss(2,781)(2,830)(2,994)(4,421)(4,484)(4,548)
Retained earnings (accumulated deficit)2,217,6982,338,5721,283,578(299,577)(880,127)(1,725,279)
Other undisclosed equity, attributable to parent9,790,8559,776,3929,891,8909,923,5399,948,6469,921,348
Equity, attributable to noncontrolling interest39,25641,45440,85439,63928,90317,360
Total equity:12,045,02812,153,58811,213,3289,658,6019,090,0908,206,033
TOTAL LIABILITIES AND EQUITY:21,273,47722,690,45422,669,92622,541,13722,621,66421,814,611

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,018,7512,661,0713,479,8282,069,4632,527,508(579,110)
Cost of revenue(992,603)(980,817)(1,108,433)(1,077,554)(1,105,571)(1,240,497)
Cost of goods and services sold(523,162)(514,984)(520,076)(541,092)(539,704)(516,104)
Gross profit:26,1481,680,2542,371,395991,9091,421,937(1,819,607)
Operating expenses(61,141)(69,374)(51,619)(67,323)(60,036)(68,659)
Other operating expense, net(13,394)(19,662)(18,379)(15,485)(7,120)(16,347)
Other undisclosed operating income13,39419,66218,37915,4857,12016,347
Operating income (loss):(34,993)1,610,8802,319,776924,5861,361,901(1,888,266)
Nonoperating income
(Other Nonoperating income)
5621752141577,3133,596
Interest and debt expense(45,345)(39,940)(56,574)(87,952)(170,333)(74,825)
Income (loss) from continuing operations before equity method investments, income taxes:(79,776)1,571,1152,263,416836,7911,198,881(1,959,495)
Other undisclosed income (loss) from continuing operations before income taxes1,0924,7649,4002,8773,577(20,785)
Income (loss) from continuing operations before income taxes:(78,684)1,575,8792,272,816839,6681,202,458(1,980,280)
Income tax expense (benefit)11,818(356,646)(558,977)(152,206)(308,234)465,697
Income (loss) from continuing operations:(66,866)1,219,2331,713,839687,462894,224(1,514,583)
Income (loss) before gain (loss) on sale of properties:687,462894,224(1,514,583)
Net income (loss):(66,866)1,219,2331,713,839687,462894,224(1,514,583)
Net income (loss) attributable to noncontrolling interest240(685)(1,857)(3,792)(2,863)(1,465)
Net income (loss) available to common stockholders, basic:(66,626)1,218,5481,711,982683,670891,361(1,516,048)
Interest on convertible debt  1,854    
Other undisclosed net income available to common stockholders, diluted  8,019   
Net income (loss) available to common stockholders, diluted:(66,626)1,220,4021,720,001683,670891,361(1,516,048)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(66,866)1,219,2331,713,839687,462894,224(1,514,583)
Other comprehensive loss(14)(15)(427)(20)(21)(20)
Other undisclosed comprehensive income631791,854838583
Comprehensive income (loss):(66,817)1,219,3971,715,266687,525894,288(1,514,520)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest240(685)(1,857)(3,792)(2,863)(1,465)
Comprehensive income (loss), net of tax, attributable to parent:(66,577)1,218,7121,713,409683,733891,425(1,515,985)

Statements Sources

The financial statements are based on the Company's filings with 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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