XML 33 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Sales of natural gas, oil and NGLs $ 367,342 $ 485,181 $ 947,707 $ 1,070,373
Pipeline and marketing services 61,573 49,512 146,389 135,299
Gain (loss) on derivatives not designated as hedges 4,259 (8,525) 47,851 (17,879)
Total operating revenues 433,174 526,168 1,141,947 1,187,793
Operating expenses:        
Transportation and processing 62,942 51,723 122,676 96,898
Operation and maintenance 32,061 27,587 60,308 52,808
Production 31,492 31,882 62,848 63,822
Exploration 11,422 7,452 23,976 8,871
Selling, general and administrative 65,404 63,283 132,782 112,251
Depreciation, depletion and amortization 196,819 157,219 391,564 309,330
Total operating expenses 400,140 339,146 794,154 643,980
Gain on sale / exchange of assets 0 37,749 0 37,749
Operating income 33,034 224,771 347,793 581,562
Other income 2,689 2,579 3,628 5,130
Interest expense 36,833 31,873 74,049 63,841
(Loss) income before income taxes (1,110) 195,477 277,372 522,851
Income tax (benefit) expense (64,857) 59,089 (7,543) 175,424
Income from continuing operations 63,747 136,388 284,915 347,427
Income from discontinued operations, net of tax 0 1,876 0 1,772
Net income 63,747 138,264 284,915 349,199
Less: Net income attributable to noncontrolling interests 58,211 27,343 105,952 46,085
Net income 5,536 110,921 178,963 303,114
Amounts attributable to EQT Corporation:        
Income from continuing operations 5,536 109,045 178,963 301,342
Income from discontinued operations, net of tax 0 1,876 0 1,772
Net income $ 5,536 $ 110,921 $ 178,963 $ 303,114
Basic:        
Weighted average common stock outstanding (in shares) 152,454 151,744 152,220 151,522
Income from continuing operations (in dollars per share) $ 0.04 $ 0.72 $ 1.18 $ 1.99
Loss from discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
Net income (in dollars per share) $ 0.04 $ 0.73 $ 1.18 $ 2.00
Diluted:        
Weighted average common stock outstanding (in shares) 152,877 152,570 152,751 152,537
Income from continuing operations (in dollars per share) $ 0.04 $ 0.72 $ 1.17 $ 1.98
Loss from discontinued operations (in dollars per share) 0.00 0.01 0.00 0.01
Net income (in dollars per share) 0.04 0.73 1.17 1.99
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06