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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues:    
Sales of natural gas, natural gas liquids and oil $ 2,486,624 $ 1,130,951
Loss on derivatives not designated as hedges (3,077,637) (188,813)
Total operating revenues (579,110) 949,923
Operating expenses:    
Transportation and processing 516,104 445,784
Production 71,012 47,230
Exploration 772 949
Selling, general and administrative 69,096 45,006
Depreciation and depletion 422,098 377,116
Gain on sale/exchange of long-lived assets (1,209) (1,207)
Impairment of contract asset 184,945 0
Impairment and expiration of leases 29,991 16,757
Other operating expenses 16,347 9,443
Total operating expenses 1,309,156 941,078
Operating (loss) income (1,888,266) 8,845
Loss (income) from investments 20,785 (11,848)
Dividend and other income (3,596) (3,304)
Loss on debt extinguishment 6,923 4,424
Interest expense 67,902 70,473
Loss before income taxes (1,980,280) (50,900)
Income tax benefit (465,697) (12,959)
Net loss (1,514,583) (37,941)
Less: Net income (loss) attributable to noncontrolling interest 1,465 (514)
Net loss attributable to EQT Corporation $ (1,516,048) $ (37,427)
Basic and diluted:    
Weighted average common stock outstanding - Basic (in shares) 374,142 278,852
Weighted average common stock outstanding - Diluted (in shares) 374,142 278,852
Net loss - Basic (in dollars per share) $ (4.05) $ (0.13)
Net loss - Diluted (in dollars per share) $ (4.05) $ (0.13)
Sales of natural gas, natural gas liquids and oil    
Operating revenues:    
Sales of natural gas, natural gas liquids and oil $ 2,486,624 $ 1,130,951
Net marketing services and other    
Operating revenues:    
Net marketing services and other $ 11,903 $ 7,785