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Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Sales of natural gas, oil and NGLs $ 358,977 $ 526,521 $ 1,306,684 $ 1,596,894
Pipeline and marketing services 56,775 50,381 203,164 185,680
Gain (loss) on derivatives not designated as hedges 161,263 1,821 209,114 (16,058)
Total operating revenues 577,015 578,723 1,718,962 1,766,516
Operating expenses:        
Transportation and processing 65,033 49,121 187,709 146,019
Operation and maintenance 32,385 27,944 92,693 80,752
Production 32,505 33,840 95,353 97,662
Exploration 8,177 3,606 32,153 12,477
Selling, general and administrative 60,633 57,131 193,415 169,382
Depreciation, depletion and amortization 208,227 175,578 599,791 484,908
Total operating expenses 406,960 347,220 1,201,114 991,200
Gain on sale / exchange of assets 0 0 0 37,749
Operating income 170,055 231,503 517,848 813,065
Other income 2,661 1,004 6,289 6,134
Interest expense 36,547 35,717 110,596 99,558
Income before income taxes 136,169 196,790 413,541 719,641
Income tax expense 35,936 64,496 28,393 239,920
Income from continuing operations 100,233 132,294 385,148 479,721
Income from discontinued operations, net of tax 0 0 0 1,772
Net income 100,233 132,294 385,148 481,493
Less: Net income attributable to noncontrolling interests 59,446 33,739 165,398 79,824
Net income 40,787 98,555 219,750 401,669
Amounts attributable to EQT Corporation:        
Income from continuing operations 40,787 98,555 219,750 399,897
Income from discontinued operations, net of tax 0 0 0 1,772
Net income $ 40,787 $ 98,555 $ 219,750 $ 401,669
Basic:        
Weighted average common stock outstanding (in shares) 152,551 151,557 152,326 151,533
Income from continuing operations (in dollars per share) $ 0.27 $ 0.65 $ 1.44 $ 2.64
Income from discontinued operations, net of tax (in dollars per share) 0.00 0.00 0.00 0.01
Net income (in dollars per share) $ 0.27 $ 0.65 $ 1.44 $ 2.65
Diluted:        
Weighted average common stock outstanding (in shares) 152,854 152,330 152,789 152,468
Income from continuing operations (in dollars per share) $ 0.27 $ 0.65 $ 1.44 $ 2.62
Income from discontinued operations, net of tax (in dollars per share) 0.00 0.00 0.00 0.01
Net income (in dollars per share) 0.27 0.65 1.44 2.63
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.09 $ 0.09