XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Statements of Consolidated Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Sales of natural gas, oil and NGLs $ 576,714 $ 304,532 $ 1,250,179 $ 668,959
Pipeline and net marketing services 67,853 57,692 151,169 129,339
Gain (loss) on derivatives not designated as hedges 46,326 (234,693) 187,068 (125,698)
Total operating revenues 690,893 127,531 1,588,416 672,600
Operating expenses:        
Transportation and processing 134,818 84,207 268,524 161,400
Operation and maintenance 20,581 16,353 40,867 33,489
Production 44,393 45,891 90,182 87,093
Exploration 3,481 3,591 6,603 6,714
Selling, general and administrative 57,009 77,352 129,067 135,335
Depreciation, depletion and amortization 240,817 224,629 472,735 445,860
Total operating expenses 501,099 452,023 1,007,978 869,891
Operating income (loss) 189,794 (324,492) 580,438 (197,291)
Other income 6,638 7,644 10,019 12,484
Interest expense 44,078 36,305 86,733 72,485
Income (loss) before income taxes 152,354 (353,153) 503,724 (257,292)
Income tax expense (benefit) 29,709 (172,346) 130,374 (164,910)
Net income (loss) 122,645 (180,807) 373,350 (92,382)
Less: Net income attributable to noncontrolling interests 81,519 77,838 168,232 160,627
Net income (loss) attributable to EQT Corporation $ 41,126 $ (258,645) $ 205,118 $ (253,009)
Basic:        
Weighted average common stock outstanding (in shares) 173,462 166,801 173,320 161,909
Net (loss) income (in dollars per share) $ 0.24 $ (1.55) $ 1.18 $ (1.56)
Diluted:        
Weighted average common stock outstanding (in shares) 173,582 166,801 173,525 161,909
Net (loss) income (in dollars per share) $ 0.24 $ (1.55) $ 1.18 $ (1.56)
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06