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Statements of Consolidated Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Sales of natural gas, oil and NGLs $ 1,104,779   $ 2,454,977  
(Loss) gain on derivatives not designated as hedges (53,897) $ 46,326 8,695 $ 187,068
Total operating revenues 1,054,671 688,742 2,488,254 1,582,911
Operating expenses:        
Transportation and processing 200,050 134,818 390,190 268,524
Operation and maintenance 25,302 18,315 52,326 35,132
Production 47,881 44,276 106,720 89,948
Exploration 21,182 3,481 26,286 6,603
Selling, general and administrative 77,813 52,670 130,428 124,628
Depreciation and depletion 417,672 240,817 855,565 472,735
Impairment/loss on sale of long-lived assets 118,114 0 2,447,159 0
Transaction costs 25,959 4,238 61,670 4,238
Amortization of intangible assets 20,729 0 41,457 0
Total operating expenses 954,702 498,615 4,111,801 1,001,808
Operating income (loss) 99,969 190,127 (1,623,547) 581,103
Other income 11,752 6,305 21,337 9,354
Interest expense 77,004 44,078 147,017 86,733
Income (loss) before income taxes 34,717 152,354 (1,749,227) 503,724
Income tax (benefit) expense (101,629) 29,709 (440,594) 130,374
Net income (loss) 136,346 122,645 (1,308,633) 373,350
Less: Net income attributable to noncontrolling interests 118,540 81,519 259,555 168,232
Net income (loss) attributable to EQT Corporation $ 17,806 $ 41,126 $ (1,568,188) $ 205,118
Basic:        
Weighted average common stock outstanding (in shares) 265,030 173,462 264,920 173,320
Net income (loss) (in dollars per share) $ 0.07 $ 0.24 $ (5.92) $ 1.18
Diluted:        
Weighted average common stock outstanding (in shares) 265,154 173,582 264,920 173,525
Net income (loss) (in dollars per share) $ 0.07 $ 0.24 $ (5.92) $ 1.18
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06
Sales of natural gas, oil and NGLs        
Revenues:        
Sales of natural gas, oil and NGLs $ 991,365 $ 576,714 $ 2,217,739 $ 1,250,179
Pipeline, water and net marketing services        
Revenues:        
Pipeline, water and net marketing services $ 117,203 $ 65,702 $ 261,820 $ 145,664