XML 27 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Consolidated Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Statements of Consolidated Income        
Operating revenues $ 526,168 $ 473,093 $ 1,187,793 $ 888,976
Operating expenses:        
Transportation and processing 51,723 35,866 96,898 72,597
Operation and maintenance 27,587 24,067 52,808 47,300
Production 31,882 27,747 63,822 52,636
Exploration 7,452 6,138 8,871 9,868
Selling, general and administrative 63,283 54,822 112,251 94,607
Depreciation, depletion and amortization 157,219 162,473 309,330 305,509
Total operating expenses 339,146 311,113 643,980 582,517
Gain on sale / exchange of assets 37,749   37,749  
Operating income 224,771 161,980 581,562 306,459
Other income 2,579 2,041 5,130 4,322
Interest expense 31,873 37,384 63,841 75,136
Income before income taxes 195,477 126,637 522,851 235,645
Income taxes 59,089 38,078 175,424 72,846
Income from continuing operations 136,388 88,559 347,427 162,799
Income from discontinued operations, net of tax 1,876 5,559 1,772 40,600
Net income 138,264 94,118 349,199 203,399
Less: Net income attributable to noncontrolling interests 27,343 7,262 46,085 16,288
Net income attributable to EQT Corporation 110,921 86,856 303,114 187,111
Amounts attributable to EQT Corporation:        
Income from continuing operations 109,045 81,297 301,342 146,511
Income from discontinued operations 1,876 5,559 1,772 40,600
Net income attributable to EQT Corporation $ 110,921 $ 86,856 $ 303,114 $ 187,111
Basic:        
Weighted average common stock outstanding (in shares) 151,744 150,525 151,522 150,425
Income from continuing operations (in dollars per share) $ 0.72 $ 0.54 $ 1.99 $ 0.97
Income from discontinued operations (in dollars per share) $ 0.01 $ 0.04 $ 0.01 $ 0.27
Net income (in dollars per share) $ 0.73 $ 0.58 $ 2.00 $ 1.24
Diluted:        
Weighted average common stock outstanding (in shares) 152,570 151,393 152,537 151,191
Income from continuing operations (in dollars per share) $ 0.72 $ 0.54 $ 1.98 $ 0.97
Income from discontinued operations (in dollars per share) $ 0.01 $ 0.03 $ 0.01 $ 0.27
Net income (in dollars per share) $ 0.73 $ 0.57 $ 1.99 $ 1.24
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06