EQT Corp
For the period ended Sep 30, 2024. Filed Oct 30, 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.
Sep 30, 2024 · Filed Oct 30, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statements of Condensed Consolidated Equity
STATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED)
| Common Stock | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Retained Earnings · Accumulated Other Comprehensive Loss (a) · Noncontrolling Interest inConsolidated Subsidiaries · Total Equity | |||||||||||
| (Thousands, except per share amounts) | |||||||||||
| Balance at July 1, 2023 | 361,654 | $9,790,855 | $2,217,698 | $(2,781) | $39,256 | $12,045,028 | |||||
| Comprehensive income, net of tax: | |||||||||||
| Net income (loss) | 81,255 | (525) | 80,730 | ||||||||
| Other postretirement benefits liability adjustment, net of tax: $15 | 57 | 57 | |||||||||
| Dividends ($0.15 per share) | (54,249) | (54,249) | |||||||||
| Share-based compensation plans | 56 | 14,939 | 14,939 | ||||||||
| Convertible Notes settlements | 1 | 16 | 16 | ||||||||
| Tug Hill and XcL Midstream Acquisition | 49,600 | 2,152,631 | 2,152,631 | ||||||||
| Distribution to noncontrolling interest | (5,279) | (5,279) | |||||||||
| Dissolution of consolidated variable interest entity | (25,227) | (25,227) | |||||||||
| Other | 911 | 911 | |||||||||
| Balance at September 30, 2023 | 411,311 | $11,958,441 | $2,245,615 | $(2,724) | $8,225 | $14,209,557 | |||||
| Balance at July 1, 2024 | 441,597 | $12,464,492 | $2,655,940 | $(2,598) | $6,914 | $15,124,748 | |||||
| Comprehensive loss, net of tax: | |||||||||||
| Net (loss) income | (300,823) | 3,391 | (297,432) | ||||||||
| Other postretirement benefits liability adjustment, net of tax: $13 | 28 | 28 | |||||||||
| Dividends ($0.1575 per share) | (94,031) | (94,031) | |||||||||
| Share-based compensation plans | 2,243 | 63,143 | 63,143 | ||||||||
| Equitrans Midstream Merger | 152,428 | 5,548,608 | 144,894 | 5,693,502 | |||||||
| Distribution to noncontrolling interest | (1,640) | (1,640) | |||||||||
| Balance at September 30, 2024 | 596,268 | $18,076,243 | $2,261,086 | $(2,570) | $153,559 | $20,488,318 | |||||
Common shares authorized (in thousands):640,000 and 1,280,000. Preferred shares authorized (in thousands):3,000. There wereno preferred shares issued or outstanding.
(a)Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.
STATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED)
| Common Stock | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Retained Earnings · Accumulated Other Comprehensive Loss (a) · Noncontrolling Interest inConsolidated Subsidiaries · Total Equity | ||||||||||||
| (Thousands, except per share amounts) | ||||||||||||
| Balance at January 1, 2023 | 365,363 | $9,891,890 | $1,283,578 | $(2,994) | $40,854 | $11,213,328 | ||||||
| Comprehensive income, net of tax: | ||||||||||||
| Net income (loss) | 1,233,177 | (80) | 1,233,097 | |||||||||
| Other postretirement benefits liability adjustment, net of tax: $44 | 270 | 270 | ||||||||||
| Dividends ($0.45 per share) | (162,567) | (162,567) | ||||||||||
| Share-based compensation plans | 2,247 | 5,367 | 5,367 | |||||||||
| Convertible Notes settlements | 7 | 98 | 98 | |||||||||
| Repurchase and retirement of common stock | (5,906) | (91,545) | (109,484) | (201,029) | ||||||||
| Tug Hill and XcL Midstream Acquisition | 49,600 | 2,152,631 | 2,152,631 | |||||||||
| Distribution to noncontrolling interest | (11,072) | (11,072) | ||||||||||
| Contribution from noncontrolling interest | 3,750 | 3,750 | ||||||||||
| Dissolution of consolidated variable interest entity | (25,227) | (25,227) | ||||||||||
| Other | 911 | 911 | ||||||||||
| Balance at September 30, 2023 | 411,311 | $11,958,441 | $2,245,615 | $(2,724) | $8,225 | $14,209,557 | ||||||
| Balance at January 1, 2024 | 419,896 | $12,093,986 | $2,681,898 | $(2,684) | $7,617 | $14,780,817 | ||||||
| Comprehensive loss, net of tax: | ||||||||||||
| Net (loss) income | (187,818) | 2,688 | (185,130) | |||||||||
| Other postretirement benefits liability adjustment, net of tax: $39 | 114 | 114 | ||||||||||
| Dividends ($0.4725 per share) | (232,994) | (232,994) | ||||||||||
| Share-based compensation plans | 3,952 | 54,751 | 54,751 | |||||||||
| Convertible Notes settlements | 19,992 | 285,608 | 285,608 | |||||||||
| Net settlement of Capped Call Transactions | 93,290 | 93,290 | ||||||||||
| Equitrans Midstream Merger | 152,428 | 5,548,608 | 144,894 | 5,693,502 | ||||||||
| Distribution to noncontrolling interest | (1,640) | (1,640) | ||||||||||
| Balance at September 30, 2024 | 596,268 | $18,076,243 | $2,261,086 | $(2,570) | $153,559 | $20,488,318 | ||||||
Common shares authorized (in thousands):640,000 and 1,280,000. Preferred shares authorized (in thousands):3,000. There wereno preferred shares issued or outstanding.
(a)Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.