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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues:        
Gain on derivatives $ 66,816 $ 177,906 $ 234,660 $ 1,167,144
Total operating revenues 1,283,802 1,186,102 3,648,582 4,865,924
Operating expenses:        
Transportation and processing 440,845 554,788 1,529,093 1,592,934
Production 93,842 62,858 273,042 163,963
Operating and maintenance 40,518 4,235 65,824 6,108
Exploration 282 447 2,576 2,602
Selling, general and administrative 88,470 56,942 228,730 168,999
Depreciation, depletion and amortization 589,299 446,886 1,542,031 1,230,255
Loss (gain) on sale/exchange of long-lived assets 10,117 1,511 (309,865) 17,814
Impairment and expiration of leases 12,095 6,419 58,963 22,290
Other operating expenses 290,174 36,209 354,337 69,265
Total operating expenses 1,565,642 1,170,295 3,744,731 3,274,230
Operating (loss) income (281,840) 15,807 (96,149) 1,591,694
(Income) loss from investments (34,242) 546 (36,674) (5,310)
Other income (3,960) (132) (23,596) (869)
Loss (gain) on debt extinguishment 365 1,089 5,651 (55)
Interest expense, net 158,299 60,427 268,390 146,856
(Loss) income before income taxes (402,302) (46,123) (309,920) 1,451,072
Income tax (benefit) expense (104,870) (126,853) (124,790) 217,975
Net (loss) income (297,432) 80,730 (185,130) 1,233,097
Less: Net income (loss) attributable to noncontrolling interests 3,391 (525) 2,688 (80)
Net (loss) income attributable to EQT Corporation $ (300,823) $ 81,255 $ (187,818) $ 1,233,177
(Loss) income per share of common stock attributable to EQT Corporation:        
Weighted average common stock outstanding - Basic (in shares) 559,603 383,359 480,354 368,936
Net (loss) income attributable to EQT Corporation - Basic (in dollars per share) $ (0.54) $ 0.21 $ (0.39) $ 3.34
Weighted average common stock outstanding - Diluted (in shares) 559,603 416,190 480,354 401,859
Net (loss) income attributable to EQT Corporation - Diluted (in dollars per share) $ (0.54) $ 0.20 $ (0.39) $ 3.08
Sales of natural gas, NGLs and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 1,099,752 $ 1,001,883 $ 3,293,174 $ 3,680,566
Pipeline, net marketing services and other        
Operating revenues:        
Pipeline, net marketing services and other $ 117,234 $ 6,313 $ 120,748 $ 18,214