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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Sales of natural gas, oil and NGLs $ 1,690,360 $ 2,132,409 $ 1,710,245
Pipeline and marketing services 263,640 256,359 148,932
Gain on derivatives not designated as hedges 385,762 80,942 2,834
Total operating revenues 2,339,762 2,469,710 1,862,011
Operating expenses:      
Transportation and processing 275,348 202,203 148,708
Operation and maintenance 124,030 108,283 97,762
Production 123,665 133,488 108,091
Exploration 61,970 21,716 18,483
Selling, general and administrative 249,925 238,134 200,849
Depreciation, depletion and amortization 819,216 679,298 653,132
Impairment of long-lived assets 122,469 267,339 0
Total operating expenses 1,776,623 1,650,461 1,227,025
Gain on sale / exchange of assets 0 34,146 19,618
Operating income 563,139 853,395 654,604
Other income 9,953 6,853 9,242
Interest expense 146,531 136,537 142,688
Income before income taxes 426,561 723,711 521,158
Income tax expense 104,675 214,092 175,186
Income from continuing operations 321,886 509,619 345,972
Income from discontinued operations, net of tax 0 1,371 91,843
Net income 321,886 510,990 437,815
Less: Net income attributable to noncontrolling interests 236,715 124,025 47,243
Net income attributable to EQT Corporation 85,171 386,965 390,572
Amounts attributable to EQT Corporation:      
Income from continuing operations 85,171 385,594 298,729
Income from discontinued operations, net of tax 0 1,371 91,843
Net income $ 85,171 $ 386,965 $ 390,572
Basic:      
Average common shares outstanding 152,398 151,553 150,574
Income from continuing operations (in dollars per share) $ 0.56 $ 2.54 $ 1.98
Income from discontinued operations, net of tax (in dollars per share) 0.00 0.01 0.61
Net income (in dollars per share) $ 0.56 $ 2.55 $ 2.59
Diluted:      
Average common shares outstanding 152,939 152,513 151,787
Income from continuing operations (in dollars per share) $ 0.56 $ 2.53 $ 1.97
Income from discontinued operations, net of tax (in dollars per share) 0.00 0.01 0.60
Net income (in dollars per share) $ 0.56 $ 2.54 $ 2.57