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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule Of Prepaid Expense And Other Current Assets The following table summarizes the Company's prepaid expenses and other current assets.
 December 31,
 20242023
 (Thousands)
Margin requirements with counterparties (see Note 4)
$86,975 $13,017 
Prepaid expenses and other current assets52,044 25,238 
Total prepaid expenses and other$139,019 $38,255 
Schedule of Property, Plant and Equipment The following table summarizes the Company's property, plant and equipment.
 December 31,
 20242023
 (Thousands)
Oil and gas producing properties$33,549,913 $32,510,595 
Less: Accumulated depletion12,489,317 10,734,099 
Net oil and gas producing properties21,060,596 21,776,496 
Other production assets, at cost less accumulated depreciation20,434 21,679 
Net production assets21,081,030 21,798,175 
Gathering assets8,067,556 1,153,049 
Less: Accumulated depreciation131,546 41,793 
Net gathering assets7,936,010 1,111,256 
Transmission and storage assets2,667,352 — 
Less: Accumulated depreciation30,027 — 
Net transmission and storage assets2,637,325 — 
Other property, plant and equipment, at cost less accumulated depreciation93,453 40,739 
Net property, plant and equipment$31,747,818 $22,950,170 
Summary of Other Current Liabilities The following table summarizes the Company's other current liabilities.
 December 31,
 20242023
 (Thousands)
Accrued taxes other than income$114,700 62,391 
Accrued incentive compensation53,138 24,542 
Current portion of long-term capacity contracts43,697 43,233 
Current portion of lease liabilities41,878 46,380 
Deferred revenue24,187 2,890 
Accrued payroll12,115 8,870 
Other accrued liabilities59,702 16,697 
Total other current liabilities$349,417 $205,003 
Reconciliation of Asset Retirement Obligations
The following table presents a reconciliation of the beginning and ending carrying amounts of the Company's asset retirement obligations included in other liabilities and credits in the Consolidated Balance Sheets.
 December 31,
 20242023
 (Thousands)
Balance at January 1$911,057 $732,803 
Accretion expense68,501 47,700 
Liabilities incurred21,587 10,515 
Liabilities settled(66,729)(33,938)
Liabilities assumed in acquisitions45,847 64,424 
Liabilities removed in divestitures(28,701)(6,480)
Change in estimates (a)52,008 96,033 
Balance at December 31$1,003,570 $911,057 

(a)During 2024, the Company recorded changes in estimates attributable primarily to increased plugging costs. During 2023, the Company recorded changes in estimates attributable primarily to inflation on estimated plugging costs.
Summary of Other Operating Expenses The following table summarizes the Company's other operating expenses.
Years Ended December 31,
202420232022
(Thousands)
Transaction costs$309,419 $56,263 $14,185 
Changes in legal and environmental reserves, including settlements16,271 9,342 $30,394 
Other24,174 18,438 12,752 
Total other operating expenses$349,864 $84,043 $57,331 
Schedule of Regulatory Assets The following table summarizes Equitrans, L.P.'s regulated assets and liabilities as of December 31, 2024.
 December 31, 2024
 (Thousands)
Regulated assets:
Deferred taxes (a)$142,757 
Other recoverable costs (b)23,182 
Total regulated assets$165,939 
Regulated liabilities:
Deferred taxes (a)$8,534 
Ongoing postretirement benefits other than pension and other reimbursable costs (c)20,158 
Total regulated liabilities$28,692 

(a)The regulated asset from deferred taxes is related primarily to a historical deferred income tax position as well as taxes on the equity component of allowance for funds used during construction (AFUDC). The regulated liability from deferred taxes is related to the revaluation of a historical difference between the regulatory and tax bases of regulated property, plant and equipment. Equitrans, L.P. expects to recover the amortization of the deferred income tax positions ratably over the depreciable lives of the underlying assets. In addition, Equitrans, L.P. expects to recover the taxes on the equity component of AFUDC through future rates over the depreciable lives of the underlying long-lived assets.
(b)The regulated asset from other recoverable costs is related primarily to costs associated with Equitrans, L.P.'s asset retirement obligations, which Equitrans, L.P. expects to continue to recover over the next 9.5 years, and costs associated with a legacy postretirement benefits plan, which Equitrans, L.P. expects to continue to recover over the next 7.5 years.
(c)Equitrans, L.P. defers costs for other postretirement benefits plans, which are subject to recovery in approved rates. The related regulated liability reflects lower cumulative actuarial expenses than the amounts recovered through rates. Equitrans, L.P. expects to continue to recover costs as long as the existing recourse rates provide for recovery.
Schedule of Regulatory Liabilities The following table summarizes Equitrans, L.P.'s regulated assets and liabilities as of December 31, 2024.
 December 31, 2024
 (Thousands)
Regulated assets:
Deferred taxes (a)$142,757 
Other recoverable costs (b)23,182 
Total regulated assets$165,939 
Regulated liabilities:
Deferred taxes (a)$8,534 
Ongoing postretirement benefits other than pension and other reimbursable costs (c)20,158 
Total regulated liabilities$28,692 

(a)The regulated asset from deferred taxes is related primarily to a historical deferred income tax position as well as taxes on the equity component of allowance for funds used during construction (AFUDC). The regulated liability from deferred taxes is related to the revaluation of a historical difference between the regulatory and tax bases of regulated property, plant and equipment. Equitrans, L.P. expects to recover the amortization of the deferred income tax positions ratably over the depreciable lives of the underlying assets. In addition, Equitrans, L.P. expects to recover the taxes on the equity component of AFUDC through future rates over the depreciable lives of the underlying long-lived assets.
(b)The regulated asset from other recoverable costs is related primarily to costs associated with Equitrans, L.P.'s asset retirement obligations, which Equitrans, L.P. expects to continue to recover over the next 9.5 years, and costs associated with a legacy postretirement benefits plan, which Equitrans, L.P. expects to continue to recover over the next 7.5 years.
(c)Equitrans, L.P. defers costs for other postretirement benefits plans, which are subject to recovery in approved rates. The related regulated liability reflects lower cumulative actuarial expenses than the amounts recovered through rates. Equitrans, L.P. expects to continue to recover costs as long as the existing recourse rates provide for recovery.
Schedule of Regulated Operating Revenues, Expenses, Property, Plant and Equipment
The following table presents Equitrans, L.P.'s regulated operating revenues and expenses included in the Company's Consolidated Statement of Operations for the period from July 22, 2024 to December 31, 2024.
 July 22, 2024 to December 31, 2024
 (Thousands)
Operating revenues$218,569 
Operating expenses$78,908 

The following table presents Equitrans, L.P.'s regulated property, plant and equipment included in the Company's Consolidated Balance Sheet as of December 31, 2024.
 December 31, 2024
 (Thousands)
Property, plant and equipment$2,667,352 
Less: Accumulated depreciation30,027 
Net property, plant and equipment$2,637,325 
Schedule of Earnings Per Share, Basic and Diluted
The table below provides the computation for basic and diluted income per share.
Years Ended December 31,
202420232022
(Thousands, except per share amounts)
Net income attributable to EQT Corporation – Basic income available to shareholders$230,577 $1,735,232 $1,770,965 
Add back: Interest expense on Convertible Notes, net of tax86 7,551 8,019 
Diluted income available to shareholders$230,663 $1,742,783 $1,778,984 
Weighted average common stock outstanding – Basic509,597 380,902 370,048 
Options, restricted stock, performance awards and stock appreciation rights
4,625 5,232 5,731 
Convertible Notes371 27,090 30,716 
Weighted average common stock outstanding – Diluted514,593 413,224 406,495 
Income per share of common stock attributable to EQT Corporation:
Basic$0.45 $4.56 $4.79 
Diluted$0.45 $4.22 $4.38 
Supplemental Cash Flow Information The following table summarizes net cash paid for interest and income taxes and non-cash activity included in the Statements of Consolidated Cash Flows.
Years Ended December 31,
202420232022
(Thousands)
Cash paid during the year for:
Interest, net of amount capitalized$401,768 $213,141 $236,797 
Income taxes, net7,960 13,350 20,773 
Non-cash activity during the period for:
Equity issued as consideration for acquisitions (Note 6)$5,548,608 $2,152,631 $— 
Issuance of EQT common stock for Convertible Notes settlement (Note 10)285,608 122,830 63 
First NEPA Non-Operated Asset Divestiture (Note 7)
155,318 — — 
Increase in asset retirement costs and obligations73,576 106,548 54,608 
Increase in right-of-use assets and lease liabilities, net29,568 45,774 23,356 
Capitalization of non-cash equity share-based compensation10,095 6,287 5,406 
Investments in nonconsolidated entities3,428 — — 
Accrued transaction costs related to the sale of units of the Midstream Joint Venture (Note 8)1,135 — — 
Dissolution of consolidated variable interest entity— 25,227 —