EQT Corp
For the period ended Jun 30, 2024. Filed Jul 24, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 24, 2024
EQT$52.00+4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Condensed Consolidated Operations
STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED)
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Thousands, except per share amounts) | ||||
| Operating revenues: | ||||
| Sales of natural gas, natural gas liquids and oil | $889,517 | $848,325 | $2,193,422 | $2,678,683 |
| Gain on derivatives | 61,333 | 164,386 | 167,844 | 989,238 |
| Net marketing services and other | 1,662 | 6,040 | 3,514 | 11,901 |
| Total operating revenues | 952,512 | 1,018,751 | 2,364,780 | 3,679,822 |
| Operating expenses: | ||||
| Transportation and processing | 543,067 | 523,162 | 1,088,248 | 1,038,146 |
| Production | 102,187 | 55,038 | 204,506 | 102,978 |
| Exploration | 1,378 | 1,203 | 2,294 | 2,155 |
| Selling, general and administrative | 67,207 | 60,163 | 140,260 | 112,057 |
| Depreciation and depletion | 465,982 | 395,684 | 952,732 | 783,369 |
| (Gain) loss on sale/exchange of long-lived assets | (320,129) | (225) | (319,982) | 16,303 |
| Impairment and expiration of leases | 37,659 | 5,325 | 46,868 | 15,871 |
| Other operating expenses | 52,190 | 13,394 | 64,163 | 33,056 |
| Total operating expenses | 949,541 | 1,053,744 | 2,179,089 | 2,103,935 |
| Operating income (loss) | 2,971 | (34,993) | 185,691 | 1,575,887 |
| Income from investments | (172) | (1,092) | (2,432) | (5,856) |
| Other income | (19,431) | (562) | (19,636) | (737) |
| Loss (gain) on debt extinguishment | 1,837 | 5,462 | 5,286 | (1,144) |
| Interest expense, net | 55,720 | 39,883 | 110,091 | 86,429 |
| (Loss) income before income taxes | (34,983) | (78,684) | 92,382 | 1,497,195 |
| Income tax (benefit) expense | (44,222) | (11,818) | (19,920) | 344,828 |
| Net income (loss) | 9,239 | (66,866) | 112,302 | 1,152,367 |
| Less: Net (loss) income attributable to noncontrolling interests | (278) | (240) | (703) | 445 |
| Net income (loss) attributable to EQT Corporation | $9,517 | $(66,626) | $113,005 | $1,151,922 |
| Income (loss) per share of common stock attributable to EQT Corporation: | ||||
| Basic: | ||||
| Weighted average common stock outstanding | 441,968 | 361,982 | 440,714 | 361,721 |
| Net income (loss) attributable to EQT Corporation | $0.02 | $(0.18) | $0.26 | $3.18 |
| Diluted (Note 7): | ||||
| Weighted average common stock outstanding | 444,921 | 361,982 | 444,893 | 393,435 |
| Net income (loss) attributable to EQT Corporation | $0.02 | $(0.18) | $0.25 | $2.94 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.