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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues:    
Sales of natural gas, natural gas liquids and oil $ 1,830,358 $ 2,486,624
Gain (loss) on derivatives 824,852 (3,077,637)
Total operating revenues 2,661,071 (579,110)
Operating expenses:    
Transportation and processing 514,984 516,104
Production 47,940 71,012
Exploration 952 772
Selling, general and administrative 51,894 69,096
Depreciation and depletion 387,685 422,098
Loss (gain) on sale/exchange of long-lived assets 16,528 (1,209)
Impairment of contract asset 0 184,945
Impairment and expiration of leases 10,546 29,991
Other operating expenses 19,662 16,347
Total operating expenses 1,050,191 1,309,156
Operating income (loss) 1,610,880 (1,888,266)
(Income) loss from investments (4,764) 20,785
Dividend and other income (175) (3,596)
(Gain) loss on debt extinguishment (6,606) 6,923
Interest expense, net 46,546 67,902
Income (loss) before income taxes 1,575,879 (1,980,280)
Income tax expense (benefit) 356,646 (465,697)
Net income (loss) 1,219,233 (1,514,583)
Less: Net income attributable to noncontrolling interests 685 1,465
Net income (loss) attributable to EQT Corporation $ 1,218,548 $ (1,516,048)
Income (loss) per share of common stock attributable to EQT Corporation:    
Weighted average common stock outstanding - Basic (in shares) 361,462 374,142
Net income (loss) attributable to EQT Corporation - Basic (in dollars per share) $ 3.37 $ (4.05)
Weighted average common stock outstanding - Diluted (in shares) 393,883 374,142
Net income (loss) attributable to EQT Corporation - Diluted (in dollars per share) $ 3.10 $ (4.05)
Sales of natural gas, natural gas liquids and oil    
Operating revenues:    
Sales of natural gas, natural gas liquids and oil $ 1,830,358 $ 2,486,624
Net marketing services and other    
Operating revenues:    
Net marketing services and other $ 5,861 $ 11,903