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Debt (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
December 31, 2021December 31, 2020
 Principal ValueCarrying Value (a)Fair Value (b)Principal ValueCarrying Value (a)Fair Value (b)
 (Thousands)
Credit Facility expires July 31, 2023$— $— $— $300,000 $300,000 $300,000 
Senior notes:
8.81% to 9.00% series A notes due 2020 – 2021
— — — 24,000 24,000 25,232 
4.875% notes due November 15, 2021
— — — 125,118 124,943 128,231 
3.00% notes due October 1, 2022
568,823 567,909 576,969 568,823 566,689 578,055 
7.42% series B notes due 2023
10,000 10,000 10,327 10,000 10,000 10,038 
6.625% notes due February 1, 2025 (c)
1,000,000 994,643 1,133,000 1,000,000 992,905 1,146,250 
1.75% convertible notes due May 1, 2026
499,991 487,543 854,985 500,000 484,857 587,385 
3.125% notes due May 15, 2026
500,000 493,157 516,265 — — — 
7.75% debentures due July 15, 2026
115,000 112,721 138,504 115,000 112,224 137,025 
3.90% notes due October 1, 2027
1,250,000 1,243,340 1,344,688 1,250,000 1,242,182 1,249,400 
5.00% notes due January 15, 2029
350,000 344,835 389,428 350,000 344,106 371,469 
7.500% notes due February 1, 2030 (c)
750,000 744,417 966,983 750,000 743,726 924,510 
3.625% notes due May 15, 2031
500,000 492,669 523,620 — — — 
Note payable to EQM99,838 99,838 117,837 105,056 105,056 130,464 
Total debt5,643,652 5,591,072 6,572,606 5,097,997 5,050,688 5,588,059 
Less: Current portion of debt1,074,332 1,060,970 1,439,165 154,336 154,161 159,943 
Long-term debt$4,569,320 $4,530,102 $5,133,441 $4,943,661 $4,896,527 $5,428,116 
 
(a)For the Company's credit facility and note payable to EQM, the principal value represents the carrying value. For all other debt, the principal value less the unamortized debt issuance costs and debt discounts represents the carrying value.
(b)The carrying value of borrowings under the Company's credit facility approximates fair value as the interest rate is based on prevailing market rates; therefore, it is a Level 1 fair value measurement. For the Company's note payable to EQM, fair value is measured using Level 3 inputs. For all other debt, fair value is measured using Level 2 inputs. See Note 4 for a description of the fair value hierarchy.
(c)Interest rates for the Adjustable Rate Notes (defined below) are as of December 31, 2021. For the notes due February 1, 2025 and the notes due February 1, 2030, the interest rates were 7.875% and 8.750%, respectively, as of December 31, 2020.
Convertible Debt
The table below summarizes the net carrying amount of the Convertible Notes, including the unamortized debt issuance costs.
December 31,
20212020
(Thousands)
Principal$499,991 $500,000 
Less: Unamortized debt issuance costs12,448 15,143 
Net carrying value of Convertible Notes$487,543 $484,857 
The table below summarizes the components of interest expense related to the Convertible Notes.
 Years Ended December 31,
20212020
 (Thousands)
Contractual interest expense$8,750 $5,906 
Amortization of issuance costs2,695 1,777 
Total Convertible Notes interest expense$11,445 $7,683 
Schedule of Financial Statement Line Item The following tables present the impact of the adoption of this ASU on the Company's previously reported historical results for the periods presented.
Year Ended December 31, 2021
As ReportedASU 2020-06 Adoption AdjustmentAs Adjusted
(Thousands, except per share amounts)
Interest expense$308,903 $(19,150)$289,753 
Income tax benefit(434,175)6,138 (428,037)
Net loss(1,154,513)13,012 (1,141,501)
Less: Net income (loss) attributable to noncontrolling interest1,246 — 1,246 
Net loss attributable to EQT Corporation$(1,155,759)$13,012 $(1,142,747)
Basic and diluted:
Weighted average common stock outstanding (a)323,196 — 323,196 
Net loss per share of common stock attributable to EQT Corporation$(3.58)$0.04 $(3.54)
(a)For the year ended December 31, 2021, diluted weighted average common stock outstanding did not change because the potentially dilutive securities had an anti-dilutive effect on loss per share.

Year Ended December 31, 2020
As ReportedASU 2020-06 Adoption AdjustmentAs Adjusted
(Thousands, except per share amounts)
Interest expense$271,200 $(11,932)$259,268 
Income tax benefit(298,858)3,565 (295,293)
Net loss(967,176)8,367 (958,809)
Less: Net income (loss) attributable to noncontrolling interest(10)— (10)
Net loss attributable to EQT Corporation$(967,166)$8,367 $(958,799)
Basic and diluted:
Weighted average common stock outstanding (a)260,613 — 260,613 
Net loss per share of common stock attributable to EQT Corporation$(3.71)$0.03 $(3.68)
(a)For the year ended December 31, 2020, diluted weighted average common stock outstanding did not change because the potentially dilutive securities had an anti-dilutive effect on loss per share.
December 31, 2021
As ReportedASU 2020-06 Adoption AdjustmentAs Adjusted
(Thousands)
Current portion of debt (a)$954,900 $106,070 $1,060,970 
Deferred income taxes938,612 (31,306)907,306 
Common stock, no par value10,167,963 (96,143)10,071,820 
Accumulated deficit(115,779)21,379 (94,400)
(a)Pursuant to the terms of the Company's convertible senior notes indenture, a sale price condition for conversion of the convertible notes was satisfied as of December 31, 2021, and, accordingly, holders of convertible notes were permitted to convert any of their convertible notes, at their option, at any time during the three months ended March 31, 2022, subject to all terms and conditions set forth in the convertible notes indenture. Therefore, as of December 31, 2021, the net carrying value of the Company's convertible notes was included in current portion of debt in the Consolidated Balance Sheet.

December 31, 2020
As ReportedASU 2020-06 Adoption AdjustmentAs Adjusted
(Thousands)
Senior notes$4,371,467 $125,222 $4,496,689 
Deferred income taxes1,371,967 (37,444)1,334,523 
Common stock, no par value8,241,684 (96,145)8,145,539 
Retained earnings1,048,259 8,367 1,056,626