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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 848,325 $ 3,365,211 $ 2,678,683 $ 5,851,835
Gain (loss) on derivatives 164,386 (845,095) 989,238 (3,922,732)
Total operating revenues 1,018,751 2,527,508 3,679,822 1,948,398
Operating expenses:        
Transportation and processing 523,162 539,704 1,038,146 1,055,808
Production 55,038 82,556 102,978 153,568
Exploration 1,203 1,741 2,155 2,513
Selling, general and administrative 60,163 59,276 112,057 128,372
Depreciation and depletion 395,684 429,143 783,369 851,241
(Gain) loss on sale/exchange of long-lived assets (225) (981) 16,303 (2,190)
Impairment of contract asset 0 0 0 184,945
Impairment and expiration of leases 5,325 47,048 15,871 77,039
Other operating expenses 13,394 7,120 33,056 23,467
Total operating expenses 1,053,744 1,165,607 2,103,935 2,474,763
Operating (loss) income (34,993) 1,361,901 1,575,887 (526,365)
(Income) loss from investments (1,092) (3,577) (5,856) 17,208
Dividend and other income (562) (7,313) (737) (10,909)
Loss (gain) on debt extinguishment 5,462 104,348 (1,144) 111,271
Interest expense, net 39,883 65,985 86,429 133,887
(Loss) income before income taxes (78,684) 1,202,458 1,497,195 (777,822)
Income tax (benefit) expense (11,818) 308,234 344,828 (157,463)
Net (loss) income (66,866) 894,224 1,152,367 (620,359)
Less: Net (loss) income attributable to noncontrolling interests (240) 2,863 445 4,328
Net (loss) income attributable to EQT Corporation $ (66,626) $ 891,361 $ 1,151,922 $ (624,687)
(Loss) income per share of common stock attributable to EQT Corporation:        
Weighted average common stock outstanding - Basic (in shares) 361,982 369,866 361,721 372,023
Net (loss) income attributable to EQT Corporation - Basic (in dollars per share) $ (0.18) $ 2.41 $ 3.18 $ (1.68)
Weighted average common stock outstanding - Diluted (in shares) 361,982 407,303 393,435 372,023
Net (loss) income attributable to EQT Corporation - Diluted (in dollars per share) $ (0.18) $ 2.19 $ 2.94 $ (1.68)
Sales of natural gas, natural gas liquids and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 848,325 $ 3,365,211 $ 2,678,683 $ 5,851,835
Net marketing services and other        
Operating revenues:        
Net marketing services and other $ 6,040 $ 7,392 $ 11,901 $ 19,295