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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 3,694,194 $ 1,784,050 $ 9,546,029 $ 3,992,905
Loss on derivatives (1,627,296) (3,257,237) (5,550,028) (4,791,582)
Total operating revenues 2,069,463 (1,464,838) 4,017,861 (775,031)
Operating expenses:        
Transportation and processing 541,092 494,897 1,596,900 1,404,697
Production 81,785 57,823 235,353 152,599
Exploration 357 20,495 2,870 23,223
Selling, general and administrative 67,231 49,113 195,603 143,972
Depreciation and depletion 418,695 442,876 1,269,936 1,200,280
Gain on sale/exchange of long-lived assets (265) (391) (2,455) (18,414)
Impairment of contract asset 0 0 184,945 0
Impairment and expiration of leases 20,497 41,109 97,536 83,500
Other operating expenses 15,485 38,766 38,952 53,434
Total operating expenses 1,144,877 1,144,688 3,619,640 3,043,291
Operating income (loss) 924,586 (2,609,526) 398,221 (3,818,322)
(Income) loss from investments (2,877) (43,184) 14,331 (66,861)
Dividend and other income (157) (4,260) (11,066) (11,329)
Loss on debt extinguishment 27,814 0 139,085 9,756
Interest expense 60,138 75,509 194,025 218,236
Income (loss) before income taxes 839,668 (2,637,591) 61,846 (3,968,124)
Income tax expense (benefit) 152,206 (661,380) (5,257) (1,020,650)
Net income (loss) 687,462 (1,976,211) 67,103 (2,947,474)
Less: Net income attributable to noncontrolling interests 3,792 601 8,120 25
Net income (loss) attributable to EQT Corporation $ 683,670 $ (1,976,812) $ 58,983 $ (2,947,499)
Income (loss) per share of common stock attributable to EQT Corporation:        
Weighted average common stock outstanding - Basic (in shares) 369,987 356,792 371,308 304,961
Net income (loss) - Basic (in dollars per share) $ 1.85 $ (5.54) $ 0.16 $ (9.67)
Weighted average common stock outstanding - Diluted (in shares) 403,889 356,792 377,028 304,961
Net income (loss) - Diluted (in dollars per share) $ 1.69 $ (5.54) $ 0.16 $ (9.67)
Sales of natural gas, natural gas liquids and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 3,694,194 $ 1,784,050 $ 9,546,029 $ 3,992,905
Net marketing services and other        
Operating revenues:        
Net marketing services and other $ 2,565 $ 8,349 $ 21,860 $ 23,646