XML 24 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating revenues:      
Sales of natural gas, natural gas liquids and oil $ 6,804,020 $ 2,650,299 $ 3,791,414
(Loss) gain on derivatives not designated as hedges (3,775,042) 400,214 616,634
Total operating revenues 3,064,663 3,058,843 4,416,484
Operating expenses:      
Transportation and processing 1,942,165 1,710,734 1,752,752
Production 225,279 155,403 153,785
Exploration 24,403 5,484 7,223
Selling, general and administrative 196,315 174,769 170,611
Depreciation and depletion 1,676,702 1,393,465 1,538,745
Amortization of intangible assets 0 26,006 35,916
(Gain) loss/impairment on sale/exchange of long-lived assets (21,124) 100,729 1,138,287
Impairment of intangible and other assets 0 34,694 15,411
Impairment and expiration of leases 311,835 306,688 556,424
Other operating expenses 70,063 28,537 199,440
Total operating expenses 4,425,638 3,936,509 5,568,594
Operating loss (1,360,975) (877,666) (1,152,110)
Gain on Equitrans Share Exchange (see Note 5) 0 (187,223) 0
(Income) loss from investments (71,841) 314,468 336,993
Dividend and other income (19,105) (35,512) (91,483)
Loss on debt extinguishment 9,756 25,435 0
Interest expense 308,903 271,200 199,851
Loss before income taxes (1,588,688) (1,266,034) (1,597,471)
Income tax benefit (434,175) (298,858) (375,776)
Net loss (1,154,513) (967,176) (1,221,695)
Less: Net income (loss) attributable to noncontrolling interest 1,246 (10) 0
Net loss attributable to EQT Corporation $ (1,155,759) $ (967,166) $ (1,221,695)
Basic and diluted:      
Weighted average common stock outstanding - Basic (in shares) 323,196 260,613 255,141
Weighted average common stock outstanding - Diluted (in shares) 323,196 260,613 255,141
Net loss attributable to EQT Corporation - Basic (in dollars per share) $ (3.58) $ (3.71) $ (4.79)
Net loss attributable to EQT Corporation - Diluted (in dollars per share) $ (3.58) $ (3.71) $ (4.79)
Sales of natural gas, natural gas liquids and oil      
Operating revenues:      
Sales of natural gas, natural gas liquids and oil $ 6,804,020 $ 2,650,299 $ 3,791,414
Net marketing services and other      
Operating revenues:      
Net marketing services and other $ 35,685 $ 8,330 $ 8,436