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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues:    
(Loss) gain on derivatives $ (678,919) $ 106,511
Total operating revenues 1,739,850 1,412,268
Operating expenses:    
Transportation and processing 378,209 545,181
Production 88,438 90,649
Operating and maintenance 47,297 11,670
Exploration 1,051 916
Selling, general and administrative 91,464 73,053
Depreciation, depletion and amortization 620,775 486,750
Loss on sale/exchange of long-lived assets 231 147
Impairment and expiration of leases 2,661 9,209
Other operating expenses 13,474 11,973
Total operating expenses 1,243,600 1,229,548
Operating income 496,250 182,720
Income from investments (26,462) (2,260)
Other income (623) (205)
Loss on debt extinguishment 11,680 3,449
Interest expense, net 117,569 54,371
Income before income taxes 394,086 127,365
Income tax expense 78,668 24,302
Net income 315,418 103,063
Less: Net income (loss) attributable to noncontrolling interests 73,279 (425)
Net income attributable to EQT Corporation $ 242,139 $ 103,488
Income per share of common stock attributable to EQT Corporation:    
Weighted average common stock outstanding - Basic (in shares) 597,976 439,459
Net income attributable to EQT Corporation - Basic (in dollars per share) $ 0.40 $ 0.24
Weighted average common stock outstanding - Diluted (in shares) 602,838 444,967
Net income attributable to EQT Corporation - Diluted (in dollars per share) $ 0.40 $ 0.23
Sales of natural gas, natural gas liquids and oil    
Operating revenues:    
Sales of natural gas, natural gas liquids and oil $ 2,244,727 $ 1,303,905
Pipeline, net marketing services and other    
Operating revenues:    
Pipeline, net marketing services and other $ 174,042 $ 1,852