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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 1,001,883 $ 3,694,194 $ 3,680,566 $ 9,546,029
Gain (loss) on derivatives 177,906 (1,627,296) 1,167,144 (5,550,028)
Total operating revenues 1,186,102 2,069,463 4,865,924 4,017,861
Operating expenses:        
Transportation and processing 554,788 541,092 1,592,934 1,596,900
Production 67,093 81,785 170,071 235,353
Exploration 447 357 2,602 2,870
Selling, general and administrative 56,942 67,231 168,999 195,603
Depreciation and depletion 446,886 418,695 1,230,255 1,269,936
Loss (gain) on sale/exchange of long-lived assets 1,511 (265) 17,814 (2,455)
Impairment of contract asset 0 0 0 184,945
Impairment and expiration of leases 6,419 20,497 22,290 97,536
Other operating expenses 36,209 15,485 69,265 38,952
Total operating expenses 1,170,295 1,144,877 3,274,230 3,619,640
Operating income 15,807 924,586 1,591,694 398,221
Loss (income) from investments 546 (2,877) (5,310) 14,331
Dividend and other income (132) (157) (869) (11,066)
Loss (gain) on debt extinguishment 1,089 27,814 (55) 139,085
Interest expense, net 60,427 60,138 146,856 194,025
(Loss) income before income taxes (46,123) 839,668 1,451,072 61,846
Income tax (benefit) expense (126,853) 152,206 217,975 (5,257)
Net income 80,730 687,462 1,233,097 67,103
Less: Net (loss) income attributable to noncontrolling interests (525) 3,792 (80) 8,120
Net income attributable to EQT Corporation $ 81,255 $ 683,670 $ 1,233,177 $ 58,983
Income per share of common stock attributable to EQT Corporation:        
Weighted average common stock outstanding - Basic (in shares) 383,359 369,987 368,936 371,308
Net income attributable to EQT Corporation - Basic (in dollars per share) $ 0.21 $ 1.85 $ 3.34 $ 0.16
Weighted average common stock outstanding - Diluted (in shares) 416,190 403,889 401,859 377,028
Net income attributable to EQT Corporation - Diluted (in dollars per share) $ 0.20 $ 1.69 $ 3.08 $ 0.16
Sales of natural gas, natural gas liquids and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 1,001,883 $ 3,694,194 $ 3,680,566 $ 9,546,029
Net marketing services and other        
Operating revenues:        
Net marketing services and other $ 6,313 $ 2,565 $ 18,214 $ 21,860