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 Operations
STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Thousands, except per share amounts) | ||||
| Operating revenues: | ||||
| Sales of natural gas, natural gas liquids and oil | $1,099,752 | $1,001,883 | $3,293,174 | $3,680,566 |
| Gain on derivatives | 66,816 | 177,906 | 234,660 | 1,167,144 |
| Pipeline, net marketing services and other | 117,234 | 6,313 | 120,748 | 18,214 |
| Total operating revenues | 1,283,802 | 1,186,102 | 3,648,582 | 4,865,924 |
| Operating expenses: | ||||
| Transportation and processing | 440,845 | 554,788 | 1,529,093 | 1,592,934 |
| Production | 93,842 | 62,858 | 273,042 | 163,963 |
| Operating and maintenance | 40,518 | 4,235 | 65,824 | 6,108 |
| Exploration | 282 | 447 | 2,576 | 2,602 |
| Selling, general and administrative | 88,470 | 56,942 | 228,730 | 168,999 |
| Depreciation, depletion and amortization | 589,299 | 446,886 | 1,542,031 | 1,230,255 |
| Loss (gain) on sale/exchange of long-lived assets | 10,117 | 1,511 | (309,865) | 17,814 |
| Impairment and expiration of leases | 12,095 | 6,419 | 58,963 | 22,290 |
| Other operating expenses | 290,174 | 36,209 | 354,337 | 69,265 |
| Total operating expenses | 1,565,642 | 1,170,295 | 3,744,731 | 3,274,230 |
| Operating (loss) income | (281,840) | 15,807 | (96,149) | 1,591,694 |
| (Income) loss from investments | (34,242) | 546 | (36,674) | (5,310) |
| Other income | (3,960) | (132) | (23,596) | (869) |
| Loss (gain) on debt extinguishment | 365 | 1,089 | 5,651 | (55) |
| Interest expense, net | 158,299 | 60,427 | 268,390 | 146,856 |
| (Loss) income before income taxes | (402,302) | (46,123) | (309,920) | 1,451,072 |
| Income tax (benefit) expense | (104,870) | (126,853) | (124,790) | 217,975 |
| Net (loss) income | (297,432) | 80,730 | (185,130) | 1,233,097 |
| Less: Net income (loss) attributable to noncontrolling interests | 3,391 | (525) | 2,688 | (80) |
| Net (loss) income attributable to EQT Corporation | $(300,823) | $81,255 | $(187,818) | $1,233,177 |
| (Loss) income per share of common stock attributable to EQT Corporation: | ||||
| Basic: | ||||
| Weighted average common stock outstanding | 559,603 | 383,359 | 480,354 | 368,936 |
| Net (loss) income attributable to EQT Corporation | $(0.54) | $0.21 | $(0.39) | $3.34 |
| Diluted (Note 9): | ||||
| Weighted average common stock outstanding | 559,603 | 416,190 | 480,354 | 401,859 |
| Net (loss) income attributable to EQT Corporation | $(0.54) | $0.20 | $(0.39) | $3.08 |
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