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Statements of Condensed Consolidated Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues:        
Sales of natural gas, oil and natural gas liquids $ 769,627 $ 1,049,594 $ 2,941,767 $ 3,279,001
Gain (loss) on derivatives not designated as hedges 180,313 (3,075) 455,952 5,620
Total operating revenues 951,576 1,050,046 3,405,001 3,312,730
Operating expenses:        
Transportation and processing 437,942 420,747 1,314,172 1,265,473
Production 37,821 42,734 117,545 149,231
Exploration 3,492 3,596 6,356 6,474
Selling, general and administrative 79,376 51,816 214,562 154,590
Depreciation and depletion 390,993 388,016 1,154,519 1,152,418
Impairment/loss on sale/exchange of long-lived assets 13,935 259,279 13,935 2,706,438
Impairment of intangible assets 15,411 0 15,411 0
Lease impairments and expirations 49,601 12,176 127,719 35,584
Amortization of intangible assets 7,755 10,341 28,439 31,025
Proxy, transaction and reorganization 76,779 8,792 102,386 23,930
Total operating expenses 1,113,105 1,197,497 3,095,044 5,525,163
Operating (loss) income (161,529) (147,451) 309,957 (2,212,433)
Unrealized loss on investment in Equitrans Midstream Corporation (261,093) 0 (276,779) 0
Dividend and other income 22,960 4,323 67,592 4,063
Interest expense 47,709 56,180 154,785 171,211
Loss from continuing operations before income taxes (447,371) (199,308) (54,015) (2,379,581)
Income tax benefit (86,343) (71,961) (9,244) (596,723)
Loss from continuing operations (361,028) (127,347) (44,771) (1,782,858)
Income from discontinued operations, net of tax 0 190,795 0 537,673
Net (loss) income (361,028) 63,448 (44,771) (1,245,185)
Less: Net income from discontinued operations attributable to noncontrolling interests 0 103,141 0 362,696
Amounts attributable to EQT Corporation:        
Loss from continuing operations (361,028) (127,347) (44,771) (1,782,858)
Income from discontinued operations, net of tax 0 87,654 0 174,977
Net loss attributable to EQT Corporation $ (361,028) $ (39,693) $ (44,771) $ (1,607,881)
Basic:        
Weighted average common stock outstanding (in shares) 255,235 259,560 255,069 262,816
Loss from continuing operations (in dollars per share) $ (1.41) $ (0.49) $ (0.18) $ (6.79)
Income from discontinued operations (in dollars per share) 0 0.34 0 0.67
Net loss (in dollars per share) $ (1.41) $ (0.15) $ (0.18) $ (6.12)
Diluted:        
Weighted average common stock outstanding (in shares) 255,235 259,560 255,069 262,816
Loss from continuing operations (in dollars per share) $ (1.41) $ (0.49) $ (0.18) $ (6.79)
Income from discontinued operations (in dollars per share) 0 0.34 0 0.67
Net loss (in dollars per share) $ (1.41) $ (0.15) $ (0.18) $ (6.12)
Sales of natural gas, oil and natural gas liquids        
Operating revenues:        
Sales of natural gas, oil and natural gas liquids $ 769,627 $ 1,046,989 $ 2,941,767 $ 3,264,728
Net marketing services and other        
Operating revenues:        
Net marketing services and other $ 1,636 $ 6,132 $ 7,282 $ 42,382