EQT Corp
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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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.
Sep 30, 2024 · Filed Oct 30, 2024
EQT$52.00+4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statements of Condensed Consolidated Cash Flows
STATEMENTS OF CONDENSED CONSOLIDATED CASH FLOWS (UNAUDITED)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (Thousands) | ||
| Cash flows from operating activities: | ||
| Net (loss) income | $(185,130) | $1,233,097 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Deferred income tax (benefit) expense | (123,725) | 227,701 |
| Depreciation, depletion and amortization | 1,542,031 | 1,230,255 |
| Gain/loss on sale/exchange of long-lived assets and impairments | (250,902) | 40,104 |
| Income from investments | (36,674) | (5,310) |
| Loss (gain) on debt extinguishment | 5,651 | (55) |
| Share-based compensation expense | 141,578 | 38,179 |
| Distributions from equity method investments | 11,187 | 18,073 |
| Other | 13,160 | 12,022 |
| Gain on derivatives | (234,660) | (1,167,144) |
| Net cash settlements received on derivatives | 1,037,321 | 625,051 |
| Net premiums paid on derivatives | (41,970) | (231,343) |
| Changes in other assets and liabilities: | ||
| Accounts receivable | 331,452 | 1,122,843 |
| Accounts payable | (122,252) | (515,879) |
| Other current assets | (10,150) | 91,946 |
| Other items, net | (6,220) | (165,076) |
| Net cash provided by operating activities | 2,070,697 | 2,554,464 |
| Cash flows from investing activities: | ||
| Capital expenditures | (1,662,112) | (1,485,898) |
| Cash paid for acquisitions | (864,242) | (2,288,201) |
| Proceeds from sale/exchange of assets | 451,906 | 4,831 |
| Capital contributions to equity method investments | (87,804) | (5,000) |
| Other investing activities | (80) | 159 |
| Net cash used in investing activities | (2,162,332) | (3,774,109) |
| Cash flows from financing activities: | ||
| Proceeds from revolving credit facility borrowings | 3,578,000 | 313,000 |
| Repayment of revolving credit facility borrowings | (2,316,000) | (313,000) |
| Proceeds from issuance of debt | 750,000 | 1,250,000 |
| Proceeds from net settlement of Capped Call Transactions (Note 7) | 93,290 | — |
| Debt issuance costs | (18,854) | (5,336) |
| Repayment and retirement of debt | (1,655,706) | (1,014,346) |
| (Premiums paid) discounts received on debt extinguishment | (1,543) | 5,313 |
| Dividends paid | (232,603) | (162,567) |
| Repurchase and retirement of common stock | — | (201,029) |
| Net distribution to noncontrolling interest | (1,640) | (7,322) |
| Cash paid for taxes to net settle share-based incentive awards | (92,492) | (41,238) |
| Other financing activities | (2,814) | 2,276 |
| Net cash provided by (used in) financing activities | 99,638 | (174,249) |
| Net change in cash and cash equivalents | 8,003 | (1,393,894) |
| Cash and cash equivalents at beginning of period | 80,977 | 1,458,644 |
| Cash and cash equivalents at end of period | $88,980 | $64,750 |
See Note 1 for supplemental cash flow information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.