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STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:      
Sales of natural gas, oil and NGLs $ 2,651,318 $ 1,594,997 $ 1,690,360
Pipeline, water and net marketing services 336,676 262,342 263,640
Gain (loss) on derivatives not designated as hedges 390,021 (248,991) 385,762
Total operating revenues 3,378,015 1,608,348 2,339,762
Operating expenses:      
Transportation and processing 559,839 365,817 275,348
Operation and maintenance 88,866 73,266 69,760
Production 182,737 174,826 177,935
Exploration 25,117 13,410 61,970
Selling, general and administrative 262,664 272,747 249,925
Depreciation, depletion and amortization 1,077,559 927,920 819,216
Impairment of long-lived assets 0 66,687 122,469
Acquisition costs 237,312 0 0
Amortization of intangible assets 10,940 0 0
Total operating expenses 2,445,034 1,894,673 1,776,623
Gain on sale / exchange of assets 0 8,025 0
Operating income (loss) 932,981 (278,300) 563,139
Other income 24,955 31,693 9,953
Loss on debt extinguishment 12,641 0 0
Interest expense 202,772 147,920 146,531
Income (loss) before income taxes 742,523 (394,527) 426,561
Income tax (benefit) expense (1,115,619) (263,464) 104,675
Net income (loss) 1,858,142 (131,063) 321,886
Less: Net income attributable to noncontrolling interests 349,613 321,920 236,715
Net income (loss) attributable to EQT Corporation $ 1,508,529 $ (452,983) $ 85,171
Basic:      
Weighted average common stock outstanding (in shares) 187,380 166,978 152,398
Net income (loss) (in dollars per share) $ 8.05 $ (2.71) $ 0.56
Diluted:      
Weighted average common stock outstanding (in shares) 187,727 166,978 152,939
Net income (loss) (in dollars per share) $ 8.04 $ (2.71) $ 0.56