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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating revenues:        
Gain (loss) on derivatives $ 135,784 $ 66,816 $ 176,829 $ 234,660
Total operating revenues 1,958,571 1,283,802 6,256,140 3,648,582
Operating expenses:        
Transportation and processing 377,133 440,845 1,144,458 1,529,093
Production 98,302 93,842 278,258 273,042
Operating and maintenance 60,302 40,518 161,582 65,824
Exploration 331 282 2,655 2,576
Selling, general and administrative 98,720 88,470 271,770 228,730
Depreciation, depletion and amortization 688,382 589,299 1,932,628 1,542,031
(Gain) loss on sale/exchange of long-lived assets (5,623) 10,117 (2,402) (309,865)
Impairment and expiration of leases 3,476 12,095 9,391 58,963
Other operating expenses 34,338 290,174 224,302 354,337
Total operating expenses 1,355,361 1,565,642 4,022,642 3,744,731
Operating income (loss) 603,210 (281,840) 2,233,498 (96,149)
Income from investments (44,638) (34,242) (138,274) (36,674)
Other income (472) (3,960) (3,711) (23,596)
Loss on debt extinguishment 1,909 365 19,478 5,651
Interest expense, net 109,929 158,299 333,166 268,390
Income (loss) before income taxes 536,482 (402,302) 2,022,839 (309,920)
Income tax expense (benefit) 129,266 (104,870) 443,549 (124,790)
Net income (loss) 407,216 (297,432) 1,579,290 (185,130)
Less: Net income attributable to noncontrolling interests 71,354 3,391 217,142 2,688
Net income (loss) attributable to EQT Corporation $ 335,862 $ (300,823) $ 1,362,148 $ (187,818)
Income (loss) per share of common stock attributable to EQT Corporation:        
Weighted average common stock outstanding - Basic (in shares) 624,532 559,603 607,245 480,354
Net income (loss) attributable to EQT Corporation - Basic (in dollars per share) $ 0.54 $ (0.54) $ 2.24 $ (0.39)
Weighted average common stock outstanding - Diluted (in shares) 628,324 559,603 611,427 480,354
Net income (loss) attributable to EQT Corporation - Diluted (in dollars per share) $ 0.53 $ (0.54) $ 2.23 $ (0.39)
Sales of natural gas, natural gas liquids and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 1,677,617 $ 1,099,752 $ 5,622,843 $ 3,293,174
Pipeline and other        
Operating revenues:        
Pipeline and other $ 145,170 $ 117,234 $ 456,468 $ 120,748