EQT Corp

10-K & 10-Q Filings

EQT Corporation is a natural gas production company with operations primarily in the Appalachian Basin. The company's business strategy focuses on responsibly developing its world-class asset base, promoting a culture of operational efficiency, technology, sustainability, and safety. EQT aims to be the operator of choice for all stakeholders by continuously improving the way it produces environmentally responsible, reliable low-cost energy. The company's operational strategy includes the execution of combo-development projects, which maximize operational and capital efficiencies and foster a greater focus on safety, environmental protection, and social responsibility. EQT is committed to maintaining investment grade credit metrics and returning capital to shareholders through a combination of debt retirements, dividends, and strategic share repurchases. EQT's operations consist of one reportable segment, and substantially all of its assets and operations are located in the Appalachian Basin. The company's proved reserves were 25,795 Bcfe at the end of 2023, with 91% of proved reserves, 98% of proved undeveloped reserves, and 93% of total proved reserves located in the Marcellus Shale. Website: https://www.eqt.com/ Ticker: EQT [Note: This summary does not include information about risks and policies as per the instructions.]

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$1639.93
1641.61
1862.01
2469.71
2339.76
1608.35
3378.01
4557.87
4416.48
3058.84
3064.66
7497.69
6908.92
2661.07
1412.27
12.73%-46.93%Cost of Revenue (-)
$256.47
228.41
148.71
202.20
275.35
365.82
559.84
1697.00
1752.75
1710.73
1942.16
2116.98
2157.26
514.98
545.18
19.42%5.86%Gross Profit (+)
$1383.47
1413.20
1713.30
2267.51
2064.41
1242.53
2818.18
2860.87
2663.73
1348.11
1122.50
5380.71
4751.66
2146.09
867.09
10.83%-59.60%Selling, General & Administrative (-)
$172.29
195.10
200.85
238.13
249.93
272.75
262.66
284.22
253.01
174.77
196.31
252.65
236.17
51.89
73.05
2.66%40.77%Depreciation & Amortization (-)
$339.30
499.12
653.13
679.30
819.22
927.92
1088.50
1569.04
1538.74
1393.46
1676.70
1665.96
1732.14
387.69
486.75
14.55%25.55%Non-recurring Operating Expenses (-)
$
267.34
122.47
66.69
237.31
2736.31
1153.70
135.42
-21.12
214.19
Operating Expenses (-)
$522.15
942.67
1058.70
1414.11
1501.28
1528.86
1885.20
5643.99
3815.84
2225.78
2483.47
2662.72
2437.25
535.21
684.37
13.70%27.87%Costs & Expenses (Total) (-)
$778.62
1171.08
1207.41
1616.32
1776.62
1894.67
2445.03
7340.99
5568.59
3936.51
4425.64
4779.69
4594.51
1050.19
1229.55
15.94%17.08%Operating Income/Loss (+)
$861.32
470.53
654.60
853.39
563.14
-278.30
932.98
-2783.12
-1152.11
-877.67
-1360.97
2718.00
2314.41
1610.88
182.72
8.59%-88.66%Non-operating Income/Expense (+)
$34.14
15.96
9.24
6.85
395.71
-217.30
402.34
-243.94
708.12
410.29
-3765.69
-4771.68
1840.09
831.63
103.27
39.41%-87.58%Interest Expense (-)
$136.33
184.79
142.69
136.54
146.53
147.92
202.77
228.96
199.85
271.20
308.90
249.66
219.66
46.55
54.37
4.06%16.81%Earnings before Tax (+)
$759.13
301.71
521.16
723.71
426.56
-394.53
742.52
-3077.43
-1597.47
-1266.03
-1588.69
2334.66
2103.50
1575.88
127.36
8.86%-91.92%Tax Expense (-)
$279.36
105.30
175.19
214.09
104.67
-263.46
-1115.62
-696.51
-375.78
-298.86
-434.18
553.72
368.95
356.65
24.30
2.35%-93.19%Income/Loss (Continuing Operations) (+)
$479.77
196.41
345.97
509.62
321.89
-131.06
1858.14
-2380.92
-1221.69
-967.18
-1154.51
1780.94
1734.54
1219.23
103.06
11.30%-91.55%Income/Loss (Discontinued Operations) (+)
$
91.84
1.37
373.76
Profit/Loss (+)
$
196.41
437.81
510.99
321.89
-131.06
1858.14
-2007.16
-1221.69
-967.18
-1154.51
1780.94
1734.54
1219.23
103.06
-91.55%Net Income/Loss (NCI) (-)
$
13.02
47.24
124.03
236.72
321.92
349.61
237.41
-0.01
1.25
9.98
-0.69
0.69
-0.42
-162.04%Net Income/Loss (+)
$479.77
183.40
390.57
386.96
85.17
-452.98
1508.53
-2244.57
-1221.69
-967.17
-1155.76
1770.96
1735.23
1218.55
103.49
11.31%-91.51%Net Income/Loss (Common) (+)
$479.77
183.40
390.57
386.96
85.17
-452.98
1508.53
-2244.57
-1221.69
-967.17
-1155.76
1770.96
1735.23
1218.55
103.49
11.31%-91.51%EPS (Basic)
$3.21
1.23
2.59
2.55
0.56
-2.71
8.05
-8.60
-4.79
-3.71
-3.58
4.79
4.56
3.37
0.24
2.97%-92.88%EPS (Diluted)
$3.19
1.22
2.57
2.54
0.56
-2.71
8.04
-8.60
-4.79
-3.58
4.38
4.22
3.10
0.23
2.36%-92.58%Weighted Avg Shares (Basic)
149.49
150.35
150.89
151.60
152.40
166.98
187.38
260.93
255.14
260.61
323.20
370.05
380.90
361.46
439.46
8.11%21.58%Weighted Avg Shares (Diluted)
152.94
166.98
187.73
260.93
255.14
260.61
323.20
406.50
413.22
393.88
444.97
12.97%Cash
$831.25
182.06
845.64
1077.43
1601.23
1103.54
147.31
3.49
4.60
18.21
113.96
1458.64
80.98
2127.26
648.05
-17.64%-69.54%Short-term Investments
$
286.40
Receivables
$183.58
233.18
235.78
306.08
176.96
341.63
725.24
1241.84
610.09
566.55
1438.03
1608.09
823.70
628.13
445.16
13.33%-29.13%Prepaid Expenses (Current)
$39.18
56.59
46.70
58.20
55.43
63.60
48.55
111.11
28.65
Other Assets (Current)
$636.12
381.02
127.30
462.60
417.40
33.05
241.95
613.23
1111.52
630.69
734.77
947.71
1108.30
1194.16
1002.57
4.74%-16.04%Assets (Current)
$1690.13
852.85
1255.42
1904.32
2251.02
1828.22
1163.06
1969.66
1754.86
1215.45
2286.77
4014.44
2012.97
3949.55
2095.78
1.47%-46.94%Securities & Long-term Investments
$136.97
130.37
128.98
259.56
460.55
Property, Plant & Equipment (Net)
$6806.31
7715.30
8333.76
10076.81
11472.02
13162.22
24885.01
17392.51
16155.49
16054.26
18418.92
18167.33
22950.17
18233.70
23022.58
10.66%26.26%Accumulated Depreciation
$1962.40
2424.61
2728.37
3531.34
4163.53
5054.56
6105.29
4755.51
5499.86
5940.98
7597.17
9226.59
10867.00
9598.10
11338.34
15.33%18.13%Goodwill & Intangibles
$
2735.09
77.33
26.01
Other Assets
$139.30
151.35
73.88
83.76
253.13
222.93
278.90
268.84
196.87
843.75
901.70
488.15
321.95
507.20
319.96
7.23%-36.92%Assets (Non-current)
$7082.59
7997.02
8536.63
10160.58
11725.15
13644.70
28359.55
18751.68
17054.37
16898.02
19320.62
18655.49
23272.12
18740.90
23342.54
10.42%24.55%Assets (Total)
$8772.72
8849.86
9792.05
12064.90
13976.17
15472.92
29522.60
20721.34
18809.23
18113.47
21607.39
22669.93
25285.10
22690.45
25438.32
9.22%12.11%Accounts Payable
$256.76
289.03
330.33
444.08
291.55
309.98
654.62
1059.87
796.44
705.46
1339.25
1574.61
1272.52
1153.26
1124.92
14.27%-2.46%Debt (Current)
$219.31
23.20
11.16
166.01
299.00
8.00
704.39
16.20
154.16
954.90
422.63
292.43
413.24
606.97
2.43%46.88%Other Liabilities (Current)
$328.84
258.23
181.92
223.39
205.27
494.66
569.61
590.74
533.26
902.79
2786.02
1734.98
471.89
1097.92
641.75
3.06%-41.55%Liabilities (Current)
$804.91
570.47
523.41
833.48
795.82
804.64
1232.24
2355.00
1345.90
1762.41
5080.17
3732.22
2036.84
2664.42
2373.63
8.04%-10.91%Debt (Non-current)
$2527.63
2502.97
2490.35
2822.89
2793.34
3289.46
7323.56
4792.99
5276.77
4771.30
4530.10
5256.33
5502.68
5058.56
4897.77
6.70%-3.18%Other Liabilities
$1846.35
1887.63
1914.16
2035.47
2358.97
2259.58
2552.20
2615.12
2382.96
2317.02
1951.35
2468.05
2964.76
2813.88
2995.51
4.03%6.45%Liabilities (Non-current)
$4373.98
4390.60
4404.51
4858.36
5152.31
5549.03
9875.75
7408.11
7659.74
7088.33
6481.45
7724.38
8467.44
7872.44
7893.29
5.66%0.26%Liabilities (Total)
$5178.89
4961.06
4927.93
5691.84
5948.13
6353.68
11107.99
9763.11
9005.64
8850.74
11561.63
11456.60
10504.28
10536.87
10266.92
6.07%-2.56%Treasury Stock
$473.21
461.77
-447.74
429.44
104.08
91.02
63.60
49.19
32.51
29.35
18.05
Retained Earnings
$2143.91
2195.50
2567.98
2917.13
2982.21
2509.07
3996.78
3184.28
2023.09
1048.26
-115.78
1283.58
2681.90
2338.57
2715.97
1.88%16.14%AOCI
$188.14
99.55
44.70
199.49
46.38
2.04
-2.46
-5.41
-5.20
-5.36
-4.61
-2.99
-2.68
-2.83
-2.64
6.68%Shareholder's Equity
$3593.83
3888.80
4864.13
6373.06
8028.04
9119.25
18414.61
10958.23
9803.59
9262.73
10045.76
11213.33
14780.82
12153.59
15171.40
12.51%24.83%Liabilities & Equity
$8772.72
8849.86
9792.05
12064.90
13976.17
15472.92
29522.60
20721.34
18809.23
18113.47
21607.39
22669.93
25285.10
22690.45
25438.32
9.22%12.11%Net Income/Loss
$479.77
196.41
437.81
510.99
321.89
-131.06
1858.14
-2007.16
-1221.69
-967.18
-1154.51
1780.94
1734.54
1219.23
103.06
11.30%-91.55%Depreciation & Amortization
$339.30
499.12
10.94
77.37
35.92
26.01
1732.14
387.69
486.75
14.55%25.55%Increase/Decrease in Working Capital
$-60.68
0.33
-67.50
15.07
-93.41
124.96
25.66
99.14
-26.37
-188.65
342.01
-61.06
-555.35
-477.92
-200.00
58.15%Share-based Compensation
$20.08
40.23
52.62
42.12
58.63
54.01
94.59
25.19
31.23
19.55
28.17
45.20
49.83
11.28
10.55
7.87%-6.43%Adjustments to Reconcile Net Income
$435.50
624.46
762.58
903.75
895.05
1195.38
-220.44
4983.41
3073.40
2504.88
2816.96
1684.62
1444.31
443.54
1052.60
10.51%137.32%Net Cash (Operating)
$915.26
820.87
1200.40
1414.74
1216.94
1064.32
1637.70
2976.26
1851.70
1537.70
1662.45
3465.56
3178.85
1662.77
1155.66
10.93%-30.50%Capital Expenditure
$-1894.28
-1404.23
-740.59
166.74
2515.73
4314.86
2415.66
1602.45
1555.77
2058.55
1352.62
4290.92
494.78
564.52
14.09%Net Cash (Investing)
$-624.33
-1394.54
-1037.31
-2444.21
-2525.61
-2961.48
-4127.07
-3979.10
-1601.14
-1555.80
-2072.74
-1421.75
-4313.65
-498.33
-567.15
-13.81%Increase/Decrease in Debt
$680.89
-219.31
23.20
488.84
130.00
195.88
1986.50
2175.62
-210.66
-216.26
545.66
82.96
234.16
-211.43
-2.11
-8.51%99.00%Increase/Decrease in Equity
$11.74
280.80
529.44
857.34
1852.59
1434.49
-41.91
-40.99
-0.91
269.87
-32.64
-435.99
-206.37
-201.03
-8.15
95.95%Interest Expenses
$130.72
187.88
143.19
128.57
147.55
144.66
189.37
260.96
Dividends Paid
$131.63
136.83
-50.88
86.03
140.07
210.14
256.95
412.03
30.66
7.66
203.63
228.34
54.07
69.41
4.70%28.37%Net Cash (Financing)
$540.32
-75.52
500.50
1261.26
1832.47
1399.47
1533.15
859.02
-249.45
31.71
506.05
-699.13
-242.86
-495.82
-21.44
95.68%Cash Taxes Paid
$47.24
27.61
163.70
204.82
95.71
-41.14
3.64
-3.67
Increase/Decrease in Cash
$831.25
-649.20
663.59
231.79
523.80
-497.69
-956.23
-143.83
1.11
13.61
95.75
1344.68
-1377.67
668.62
567.07
-15.19%Cash (Beginning)
$
831.25
182.06
845.64
1077.43
1601.23
1103.54
147.31
3.49
4.60
18.21
113.96
1458.64
1458.64
80.98
-94.45%Cash (Ending)
$831.25
182.06
845.64
1077.43
1601.23
1103.54
147.31
3.49
4.60
18.21
113.96
1458.64
80.98
2127.26
648.05
-17.64%-69.54%NOPAT
$807.72
427.48
448.98
611.88
436.79
-249.28
2334.76
-2786.45
-1423.12
-1084.85
-1732.92
2073.36
1908.46
1246.31
147.86
7.43%-88.14%Gross Margin %
84.36%
86.09%
92.01%
91.81%
88.23%
77.26%
83.43%
62.77%
60.31%
44.07%
36.63%
71.76%
68.78%
80.65%
61.40%
Operating Margin %
52.52%
28.66%
35.16%
34.55%
24.07%
-17.30%
27.62%
-61.06%
-26.09%
-28.69%
-44.41%
36.25%
33.50%
60.54%
12.94%
NOPAT Margin %
49.25%
26.04%
24.11%
24.78%
18.67%
-15.50%
69.12%
-61.13%
-32.22%
-35.47%
-56.55%
27.65%
27.62%
46.84%
10.47%
Net Margin %
29.26%
11.17%
20.98%
15.67%
3.64%
-28.16%
44.66%
-49.25%
-27.66%
-31.62%
-37.71%
23.62%
25.12%
45.79%
7.33%
Tax Rate %
6.22%
9.15%
31.41%
28.30%
22.44%
10.43%
-150.25%
-0.12%
-23.52%
-23.61%
-27.33%
23.72%
17.54%
22.63%
19.08%
ROA
9.21%
4.83%
4.59%
5.07%
3.13%
-1.61%
7.91%
-13.45%
-7.57%
-5.99%
-8.02%
9.15%
7.55%
5.49%
0.58%
ROE
22.48%
10.99%
9.23%
9.60%
5.44%
-2.73%
12.68%
-25.43%
-14.52%
-11.71%
-17.25%
18.49%
12.91%
10.25%
0.97%
ROIC
11.93%
5.52%
5.36%
6.04%
3.78%
-1.89%
8.46%
-15.95%
-9.03%
-7.01%
-10.05%
11.47%
8.54%
7.15%
0.67%
Asset Turnover
0.19
0.19
0.19
0.20
0.17
0.10
0.11
0.22
0.23
0.17
0.14
0.33
0.27
0.12
0.06
Equity Multiplier
2.44
2.28
2.01
1.89
1.74
1.70
1.60
1.89
1.92
1.96
2.15
2.02
1.71
1.87
1.68
Current Ratio
2.10
1.49
2.40
2.28
2.83
2.27
0.94
0.84
1.30
0.69
0.45
1.08
0.99
1.48
0.88
Quick Ratio
1.26
0.73
2.07
1.66
2.23
2.15
0.71
0.53
0.46
0.33
0.31
0.82
0.44
1.03
0.46
Debt/Equity Ratio
0.76
0.65
0.51
0.47
0.39
0.36
0.40
0.50
0.54
0.53
0.55
0.51
0.39
0.45
0.36
Interest Coverage Ratio
6.59
2.50
4.57
6.64
3.82
-1.92
4.93
-10.66
Working Capital/Sales
-0.02
0.02
0.03
0.02
0.03
0.01
-0.01
0.00
-0.10
-0.19
-0.39
-0.01
-0.09
-0.30
-0.61
Dividend Payout Ratio %
16.30%
32.01%
-11.33%
14.06%
32.07%
84.30%
11.01%
14.79%
2.15%
0.71%
9.82%
11.96%
4.34%
46.95%
Total Payout
$-430.29
263.23
-460.33
-1131.58
-1694.97
-1275.58
-1498.27
-1461.65
242.23
-45.94
-513.03
556.66
200.54
466.53
79.67
-82.92%Payout Ratio %
-53.27%
61.58%
-102.53%
-184.94%
-388.05%
-511.71%
-64.17%
-52.46%
17.02%
-4.23%
-29.60%
26.85%
10.51%
37.43%
53.88%