Interim Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2013

Interim Financial Information (Unaudited)

Interim Financial Information (Unaudited)

20.      Interim Financial Information (Unaudited)

The following quarterly summary of operating results reflects variations due primarily to the volatility of natural gas commodity prices and the seasonal nature of the Company’s storage business.

	Three Months Ended
	March 31		June 30		September 30		December 31
	(Thousands, except per share amounts)
2013 (a)
Operating revenues	$	415,883	$	473,093	$	479,606	$	493,429
Operating income	144,479		161,980		167,064		181,081
Amounts attributable to EQT Corporation:
Income from continuing operations	69,131		81,466		86,199		61,933
Income from discontinued operations	31,124		5,390		2,057		53,272
Net income attributable to EQT Corporation	$	100,255	$	86,856	$	88,256	$	115,205
Earnings per share of common stock attributable to EQT Corporation:
Basic:
Income from continuing operations	$	0.46	$	0.54	$	0.57	$	0.41
Income from discontinued operations	0.21		0.04		0.02		0.35
Net income	$	0.67	$	0.58	$	0.59	$	0.76
Diluted:
Income from continuing operations	$	0.46	$	0.54	$	0.57	$	0.40
Income from discontinued operations	0.20		0.03		0.01		0.35
Net income	$	0.66	$	0.57	$	0.58	$	0.75
2012 (a)
Operating revenues	$	334,291	$	298,742	$	337,916	$	406,273
Operating income	111,054		70,817		81,253		126,505
Amounts attributable to EQT Corporation:
Income from continuing operations	48,467		25,302		29,010		33,123
Income from discontinued operations	23,568		6,144		2,863		14,918
Net income attributable to EQT Corporation	$	72,035	$	31,446	$	31,873	$	48,041
Earnings per share of common stock attributable to EQT Corporation:
Basic:
Income from continuing operations	$	0.32	$	0.17	$	0.19	$	0.22
Income from discontinued operations	0.16		0.04		0.02		0.10
Net income	$	0.48	$	0.21	$	0.21	$	0.32
Diluted:
Income from continuing operations	$	0.32	$	0.17	$	0.19	$	0.22
Income from discontinued operations	0.16		0.04		0.02		0.10
Net income	$	0.48	$	0.21	$	0.21	$	0.32

(a) The sum of the quarterly data in some cases may not equal the yearly total due to rounding.

Differences between all amounts in the above table and those previously reported in the Company’s 2013 and 2012 Form 10-Qs are attributable to the Equitable Gas Transaction, as described in Note 2. All prior periods presented have been recast to reflect the presentation of discontinued operations.