XML 24 R3.htm IDEA: XBRL DOCUMENT v3.25.4
STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues:      
Gain (loss) on derivatives $ 290,994 $ 51,117 $ 1,838,941
Total operating revenues 8,644,211 5,273,309 6,908,923
Operating expenses:      
Transportation and processing 1,532,090 1,915,616 2,157,260
Production 388,696 377,007 239,001
Operating and maintenance 225,131 110,393 15,699
Exploration 3,601 2,735 3,330
Selling, general and administrative 380,066 336,724 236,171
Depreciation, depletion and amortization 2,600,390 2,162,350 1,732,142
(Gain) loss on sale/exchange of long-lived assets (31,214) (764,044) 17,445
Impairment and expiration of leases 51,152 97,368 109,421
Other operating expenses 244,680 349,864 84,043
Total operating expenses 5,394,592 4,588,013 4,594,512
Operating income 3,249,619 685,296 2,314,411
Income from investments (184,444) (76,039) (7,596)
Other income (4,826) (25,983) (1,231)
Loss on debt extinguishment 22,652 68,299 80
Interest expense, net 438,695 454,825 219,660
Income before income taxes 2,977,542 264,194 2,103,498
Income tax expense 651,884 22,079 368,954
Net income 2,325,658 242,115 1,734,544
Less: Net income (loss) attributable to noncontrolling interests 286,411 11,538 (688)
Net income attributable to EQT Corporation $ 2,039,247 $ 230,577 $ 1,735,232
Income per share of common stock attributable to EQT Corporation:      
Weighted average common stock outstanding - Basic (in shares) 611,571 509,597 380,902
Net income attributable to EQT Corporation - Basic (in dollars per share) $ 3.33 $ 0.45 $ 4.56
Weighted average common stock outstanding - Diluted (in shares) 615,717 514,593 413,224
Net income attributable to EQT Corporation - Diluted (in dollars per share) $ 3.31 $ 0.45 $ 4.22
Sales of natural gas, natural gas liquids and oil      
Operating revenues:      
Sales of natural gas, natural gas liquids and oil $ 7,726,712 $ 4,934,366 $ 5,044,768
Pipeline and other      
Operating revenues:      
Pipeline and other $ 626,505 $ 287,826 $ 25,214