STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Operating revenues: | ||||
| Gain (loss) on derivatives | $ 44,640 | $ 719,964 | $ (193,629) | $ 41,045 |
| Total operating revenues | 1,809,940 | 2,557,719 | 5,188,676 | 4,297,569 |
| Operating expenses: | ||||
| Transportation and processing | 385,017 | 389,116 | 785,356 | 767,325 |
| Production | 100,316 | 91,518 | 215,494 | 179,956 |
| Operating and maintenance | 60,220 | 53,983 | 115,088 | 101,280 |
| Selling, general and administrative | 106,438 | 81,586 | 202,189 | 173,050 |
| Depreciation, depletion and amortization | 689,592 | 623,471 | 1,344,384 | 1,244,246 |
| Loss on sale/exchange of long-lived assets | 3,577 | 2,990 | 3,552 | 3,221 |
| Impairment and expiration of leases | 6,232 | 3,254 | 10,055 | 5,915 |
| Other operating expenses | 64,510 | 177,763 | 82,560 | 192,288 |
| Total operating expenses | 1,415,902 | 1,423,681 | 2,758,678 | 2,667,281 |
| Operating income | 394,038 | 1,134,038 | 2,429,998 | 1,630,288 |
| Income from investments | (44,732) | (67,174) | (122,241) | (93,636) |
| Other income | (3,404) | (2,616) | (3,522) | (3,239) |
| Loss on debt extinguishment | 341 | 5,889 | 29,869 | 17,569 |
| Interest expense, net | 75,452 | 105,668 | 172,229 | 223,237 |
| Income before income taxes | 366,381 | 1,092,271 | 2,353,663 | 1,486,357 |
| Income tax expense | 84,933 | 235,615 | 518,285 | 314,283 |
| Net income | 281,448 | 856,656 | 1,835,378 | 1,172,074 |
| Less: Net income attributable to noncontrolling interests | 70,023 | 72,509 | 136,724 | 145,788 |
| Net income attributable to EQT Corporation | $ 211,425 | $ 784,147 | $ 1,698,654 | $ 1,026,286 |
| Basic | ||||
| Weighted average common stock outstanding - Basic (in shares) | 625,962 | 599,221 | 625,549 | 598,574 |
| Net income (loss) attributable to EQT Corporation - Basic (in dollars per share) | $ 0.34 | $ 1.31 | $ 2.72 | $ 1.71 |
| Diluted | ||||
| Weighted average common stock outstanding - Diluted (in shares) | 629,049 | 602,924 | 629,070 | 602,896 |
| Net income (loss) attributable to EQT Corporation - Diluted (in dollars per share) | $ 0.34 | $ 1.30 | $ 2.70 | $ 1.70 |
| Sales of natural gas, natural gas liquids and oil | ||||
| Operating revenues: | ||||
| Sales of natural gas, natural gas liquids and oil | $ 1,610,014 | $ 1,700,499 | $ 5,049,949 | $ 3,945,226 |
| Pipeline and other | ||||
| Operating revenues: | ||||
| Pipeline and other | $ 155,286 | $ 137,256 | $ 332,356 | $ 311,298 |
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- Definition Gain (Loss) On Expiration And Impairment Of Lease No definition available.
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- Definition Pipeline And Other Revenue No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of production (lifting) cost charged to expense in oil- and gas-producing activities. Includes, but is not limited to, depreciation of support equipment and facility, cost of labor, material, supply, and fuel consumed and service utilized to operate oil and gas well, its equipment and facility, cost of repair and maintenance, property tax and insurance for proved property, well, and equipment and facility, and severance tax. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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