EQT Corp
For the period ended Jun 30, 2025. Filed Jul 23, 2025.
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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.
Jun 30, 2025 · Filed Jul 23, 2025
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 EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (Thousands, except per share amounts) | ||||
| Operating revenues: | ||||
| Sales of natural gas, natural gas liquids and oil | $1,700,499 | $889,517 | $3,945,226 | $2,193,422 |
| Gain on derivatives | 719,964 | 61,333 | 41,045 | 167,844 |
| Pipeline and other | 137,256 | 1,662 | 311,298 | 3,514 |
| Total operating revenues | 2,557,719 | 952,512 | 4,297,569 | 2,364,780 |
| Operating expenses: | ||||
| Transportation and processing | 389,116 | 543,067 | 767,325 | 1,088,248 |
| Production | 91,518 | 88,551 | 179,956 | 179,200 |
| Operating and maintenance | 53,983 | 13,636 | 101,280 | 25,306 |
| Exploration | 1,273 | 1,378 | 2,324 | 2,294 |
| Selling, general and administrative | 81,586 | 67,207 | 173,050 | 140,260 |
| Depreciation, depletion and amortization | 623,471 | 465,982 | 1,244,246 | 952,732 |
| Loss (gain) on sale/exchange of long-lived assets | 2,990 | (320,129) | 3,221 | (319,982) |
| Impairment and expiration of leases | 3,254 | 37,659 | 5,915 | 46,868 |
| Other operating expenses | 176,490 | 52,190 | 189,964 | 64,163 |
| Total operating expenses | 1,423,681 | 949,541 | 2,667,281 | 2,179,089 |
| Operating income | 1,134,038 | 2,971 | 1,630,288 | 185,691 |
| Income from investments | (67,174) | (172) | (93,636) | (2,432) |
| Other income | (2,616) | (19,431) | (3,239) | (19,636) |
| Loss on debt extinguishment | 5,889 | 1,837 | 17,569 | 5,286 |
| Interest expense, net | 105,668 | 55,720 | 223,237 | 110,091 |
| Income (loss) before income taxes | 1,092,271 | (34,983) | 1,486,357 | 92,382 |
| Income tax expense (benefit) | 235,615 | (44,222) | 314,283 | (19,920) |
| Net income | 856,656 | 9,239 | 1,172,074 | 112,302 |
| Less: Net income (loss) attributable to noncontrolling interests | 72,509 | (278) | 145,788 | (703) |
| Net income attributable to EQT Corporation | $784,147 | $9,517 | $1,026,286 | $113,005 |
| Income per share of common stock attributable to EQT Corporation: | ||||
| Basic: | ||||
| Weighted average common stock outstanding | 599,221 | 441,968 | 598,574 | 440,714 |
| Net income attributable to EQT Corporation | $1.31 | $0.02 | $1.71 | $0.26 |
| Diluted (Note 10): | ||||
| Weighted average common stock outstanding | 602,924 | 444,921 | 602,896 | 444,893 |
| Net income attributable to EQT Corporation | $1.30 | $0.02 | $1.70 | $0.25 |
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