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Interim Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Interim Financial Information (Unaudited)
The following quarterly summary of operating results reflects variations due to various factors including: the volatility of natural gas commodity prices, impairments, the Separation and Distribution, the impact of the Tax Cuts and Jobs Act and the inclusion of Rice operations beginning November 13, 2017. All prior periods presented have been recast to reflect the presentation of discontinued operations as described in Note 2.
 
 
Three Months Ended
 
 
March 31
 
June 30
 
September 30
 
December 31
 
 
(Thousands, except per share amounts)
2018
 
 

 
 

 
 

 
 

Total operating revenues
 
$
1,312,036

 
$
950,648

 
$
1,050,046

 
$
1,245,138

Operating (loss)
 
(1,950,332
)
 
(114,650
)
 
(147,451
)
 
(570,691
)
Amounts attributable to EQT Corporation:
 
 
 
 
 
 
 
 
(Loss) from continuing operations
 
(1,578,533
)
 
(76,978
)
 
(127,347
)
 
(598,062
)
(Loss) income from discontinued operations, net of tax
 
(7,461
)
 
94,784

 
87,654

 
(38,625
)
Net (loss) income attributable to EQT Corporation
 
$
(1,585,994
)
 
$
17,806

 
$
(39,693
)
 
$
(636,687
)
 
 
 
 
 
 
 
 
 
Earnings per share of common stock attributable to EQT Corporation:
 
 

 
 

 
 

 
 

Basic:
 
 

 
 

 
 

 
 

(Loss) from continuing operations
 
$
(5.96
)
 
$
(0.29
)
 
$
(0.49
)
 
$
(2.35
)
Income from discontinued operations
 
(0.03
)
 
0.36

 
0.34

 
(0.15
)
Net (loss) income
 
$
(5.99
)
 
$
0.07

 
$
(0.15
)
 
$
(2.50
)
Diluted:
 
 
 
 
 
 
 
 

(Loss) from continuing operations
 
$
(5.96
)
 
$
(0.29
)
 
$
(0.49
)
 
$
(2.35
)
Income from discontinued operations
 
(0.03
)
 
0.36

 
0.34

 
(0.15
)
Net (loss) income
 
$
(5.99
)
 
$
0.07

 
$
(0.15
)
 
$
(2.50
)
2017
 
 

 
 

 
 

 
 

Total operating revenues
 
$
828,662

 
$
631,101

 
$
597,718

 
$
1,033,539

Operating income (loss)
 
243,572

 
47,763

 
(6,380
)
 
97,257

Amounts attributable to EQT Corporation:
 
 
 
 
 
 
 
 
(Loss) income from continuing operations
 
113,190

 
3,387

 
(6,238
)
 
1,276,690

Income from discontinued operations, net of tax
 
50,802

 
37,739

 
29,578

 
3,381

Net income attributable to EQT Corporation
 
$
163,992

 
$
41,126

 
$
23,340

 
$
1,280,071

 
 
 
 
 
 
 
 
 
Earnings per share of common stock attributable to EQT Corporation:
 
 

 
 

 
 

 
 

Basic:
 
 

 
 

 
 

 
 

(Loss) income from continuing operations
 
$
0.66

 
$
0.02

 
$
(0.04
)
 
$
5.83

Income from discontinued operations
 
0.29

 
0.22

 
0.17

 
0.02

Net income
 
$
0.95

 
$
0.24

 
$
0.13

 
$
5.85

Diluted:
 
 

 
 

 
 

 
 

(Loss) income from continuing operations
 
$
0.66

 
$
0.02

 
$
(0.04
)
 
$
5.81

Income from discontinued operations
 
0.29

 
0.22

 
0.17

 
0.02

Net income
 
$
0.95

 
$
0.24

 
$
0.13

 
$
5.83