$EQT
EQT Corp

2023 Q3 Form 10-Q Financial Statement

#000003321323000028 Filed on July 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $1.186B $1.019B
YoY Change -42.69% -59.69%
Cost Of Revenue $554.8M $578.2M
YoY Change 2.53% 7.13%
Gross Profit $631.3M $440.6M
YoY Change -58.69% -77.84%
Gross Profit Margin 53.23% 43.24%
Selling, General & Admin $56.94M $60.16M
YoY Change -15.3% 1.5%
% of Gross Profit 9.02% 13.66%
Research & Development $447.0K $1.203M
YoY Change 25.21% -30.9%
% of Gross Profit 0.07% 0.27%
Depreciation & Amortization $446.9M $395.7M
YoY Change 6.73% -7.8%
% of Gross Profit 70.79% 89.82%
Operating Expenses $56.94M $470.4M
YoY Change -15.3% 693.65%
Operating Profit $15.81M -$29.89M
YoY Change -98.29% -102.19%
Interest Expense $60.43M -$38.23M
YoY Change 0.48% -157.94%
% of Operating Profit 382.28%
Other Income/Expense, Net $132.0K $562.0K
YoY Change -15.92% -92.32%
Pretax Income -$46.12M -$78.68M
YoY Change -105.49% -106.54%
Income Tax -$126.9M -$11.82M
% Of Pretax Income
Net Earnings $81.26M -$66.63M
YoY Change -88.11% -107.47%
Net Earnings / Revenue 6.85% -6.54%
Basic Earnings Per Share $0.21 -$0.18
Diluted Earnings Per Share $0.20 -$0.18
COMMON SHARES
Basic Shares Outstanding 361.7M shares 361.6M shares
Diluted Shares Outstanding 416.2M shares 362.0M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.75M $1.215B
YoY Change -26.03% 2678.58%
Cash & Equivalents $64.75M $1.215B
Short-Term Investments
Other Short-Term Assets $623.1M $734.9M
YoY Change -66.79% -62.94%
Inventory
Prepaid Expenses
Receivables $559.3M $475.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.247B $2.426B
YoY Change -68.04% -40.63%
LONG-TERM ASSETS
Property, Plant & Equipment $22.92B $18.32B
YoY Change 26.42% 0.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $385.7M $524.4M
YoY Change -19.19% 72.1%
Total Long-Term Assets $23.31B $18.85B
YoY Change 25.05% 1.68%
TOTAL ASSETS
Total Short-Term Assets $1.247B $2.426B
Total Long-Term Assets $23.31B $18.85B
Total Assets $24.55B $21.27B
YoY Change 8.93% -5.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.160B $1.050B
YoY Change -30.89% -38.26%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $414.6M $413.9M
YoY Change -1.75% -6.12%
Total Short-Term Liabilities $2.119B $2.183B
YoY Change -68.08% -69.64%
LONG-TERM LIABILITIES
Long-Term Debt $5.501B $4.258B
YoY Change 26.54% -7.47%
Other Long-Term Liabilities $973.8M $910.4M
YoY Change -3.02% -8.78%
Total Long-Term Liabilities $6.475B $5.168B
YoY Change 21.0% -7.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.119B $2.183B
Total Long-Term Liabilities $6.475B $5.168B
Total Liabilities $10.35B $9.268B
YoY Change -19.69% -31.51%
SHAREHOLDERS EQUITY
Retained Earnings $2.246B $2.218B
YoY Change -849.6% -351.97%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.20B $12.01B
YoY Change
Total Liabilities & Shareholders Equity $24.55B $21.27B
YoY Change 8.93% -5.96%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $81.26M -$66.63M
YoY Change -88.11% -107.47%
Depreciation, Depletion And Amortization $446.9M $395.7M
YoY Change 6.73% -7.8%
Cash From Operating Activities $454.6M $437.1M
YoY Change -60.48% 89.7%
INVESTING ACTIVITIES
Capital Expenditures $504.1M $487.0M
YoY Change -239.06% -224.02%
Acquisitions
YoY Change
Other Investing Activities -$2.286B $1.506M
YoY Change 1455.75% -99.15%
Cash From Investing Activities -$2.790B -$485.5M
YoY Change 447.7% 124.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.185B -863.4M
YoY Change -298.53% -6780.42%
NET CHANGE
Cash From Operating Activities 454.6M 437.1M
Cash From Investing Activities -2.790B -485.5M
Cash From Financing Activities 1.185B -863.4M
Net Change In Cash -1.151B -911.8M
YoY Change -2727.5% -3498.07%
FREE CASH FLOW
Cash From Operating Activities $454.6M $437.1M
Capital Expenditures $504.1M $487.0M
Free Cash Flow -$49.52M -$49.90M
YoY Change -103.27% -108.01%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q2 us-gaap Senior Notes
SeniorNotes
4172232000 usd
CY2022Q4 us-gaap Senior Notes
SeniorNotes
5167849000 usd
CY2023Q2 us-gaap Other Notes Payable
OtherNotesPayable
85404000 usd
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
88484000 usd
CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1877584000 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1442406000 usd
CY2023Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
910403000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1025639000 usd
CY2023Q2 us-gaap Liabilities
Liabilities
9228449000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
11456598000 usd
CY2022Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2023Q2 us-gaap Common Stock No Par Value
CommonStockNoParValue
0
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
361654000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
365363000 shares
CY2023Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
9790855000 usd
CY2022Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
9891890000 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2217698000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1283578000 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2781000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2994000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
12005772000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11172474000 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
39256000 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
40854000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12045028000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11213328000 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21273477000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
22669926000 usd
us-gaap Profit Loss
ProfitLoss
1152367000 usd
us-gaap Profit Loss
ProfitLoss
-620359000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
353912000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-164677000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
783369000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
851241000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
32174000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
259794000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
5856000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
-17208000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
1144000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-111271000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
23333000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
21558000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
16616000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
13640000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7941000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-17616000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
989238000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3922732000 usd
eqt Gain Loss On Cash Settlements On Derivatives Not Designated As Hedges
GainLossOnCashSettlementsOnDerivativesNotDesignatedAsHedges
-369247000 usd
eqt Gain Loss On Cash Settlements On Derivatives Not Designated As Hedges
GainLossOnCashSettlementsOnDerivativesNotDesignatedAsHedges
2639271000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
164843000 usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
-14073000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1128033000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
626620000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-532223000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
360208000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-84082000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
190358000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-157889000 usd
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-96416000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2099881000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1251640000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
981795000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
684972000 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
0 usd
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
189249000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2036000 usd
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
11962000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-983831000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-507685000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
0 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
6237000000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
6137000000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3557000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9154000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1012877000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
576640000 usd
eqt Payment For Proceeds From Debt Extinguishment Or Debt Prepayment Cost
PaymentForProceedsFromDebtExtinguishmentOrDebtPrepaymentCost
-6402000 usd
eqt Payment For Proceeds From Debt Extinguishment Or Debt Prepayment Cost
PaymentForProceedsFromDebtExtinguishmentOrDebtPrepaymentCost
15128000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
108318000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
93272000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
201029000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
216491000 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2043000 usd
us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-2894000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-37780000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-594000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1359202000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-814173000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-243152000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-70218000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1458644000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113963000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1215492000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43745000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8206033000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
894224000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-21000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-64000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.125
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
46209000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27268000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
30000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2553000 usd
CY2022Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
-11233000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9090090000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12153588000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-66866000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-14000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-49000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.15
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
54248000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
14451000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
12000 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1958000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12045028000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9970999000 usd
us-gaap Profit Loss
ProfitLoss
-620359000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-41000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-127000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.25
us-gaap Dividends Common Stock
DividendsCommonStock
93272000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
24246000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
38000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
200028000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2894000 usd
us-gaap Stockholders Equity Other
StockholdersEquityOther
-11233000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11213328000 usd
us-gaap Profit Loss
ProfitLoss
1152367000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-29000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-213000 usd
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.30
us-gaap Dividends Common Stock
DividendsCommonStock
108318000 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-9572000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
82000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
201029000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
5793000 usd
eqt Noncontrolling Interest Increase From Contributions From Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsFromNoncontrollingInterestHolders
3750000 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12045028000 usd
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
640000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2023Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
us-gaap Interest Paid Net
InterestPaidNet
95316000 usd
us-gaap Interest Paid Net
InterestPaidNet
133269000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13619000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6415000 usd
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
3631000 usd
us-gaap Asset Retirement Obligation Period Increase Decrease
AssetRetirementObligationPeriodIncreaseDecrease
10245000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2997000 usd
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2550000 usd
eqt Increase Decrease In Right Of Use Lease Assets And Lease Liabilities
IncreaseDecreaseInRightOfUseLeaseAssetsAndLeaseLiabilities
507000 usd
eqt Increase Decrease In Right Of Use Lease Assets And Lease Liabilities
IncreaseDecreaseInRightOfUseLeaseAssetsAndLeaseLiabilities
819000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
82000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
38000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
376900000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
1171900000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
848325000 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3365211000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2678683000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5851835000 usd
CY2023Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
164386000 usd
CY2022Q2 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-845095000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
989238000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3922732000 usd
CY2023Q2 us-gaap Revenues
Revenues
1018751000 usd
CY2022Q2 us-gaap Revenues
Revenues
2527508000 usd
us-gaap Revenues
Revenues
3679822000 usd
us-gaap Revenues
Revenues
1948398000 usd
eqt Maximum Additional Collateral As Percentage Of Derivative Liability
MaximumAdditionalCollateralAsPercentageOfDerivativeLiability
1
CY2023Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
30300000 usd
CY2022Q4 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
347600000 usd
CY2023Q2 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
0 usd
CY2022Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
0 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.230
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.202
CY2023Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
4713589000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
4671553000 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
5726550000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
5678965000 usd
CY2023Q2 eqt Debt Instrument Face Amount Current
DebtInstrumentFaceAmountCurrent
420787000 usd
CY2023Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
413917000 usd
CY2022Q4 eqt Debt Instrument Face Amount Current
DebtInstrumentFaceAmountCurrent
430668000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
422632000 usd
CY2023Q2 eqt Debt Instrument Face Amount Noncurrent
DebtInstrumentFaceAmountNoncurrent
4292802000 usd
CY2023Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4257636000 usd
CY2022Q4 eqt Debt Instrument Face Amount Noncurrent
DebtInstrumentFaceAmountNoncurrent
5295882000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5256333000 usd
CY2020Q2 eqt Debt Instrument Convertible Threshold Trading Days Measurement Period
DebtInstrumentConvertibleThresholdTradingDaysMeasurementPeriod
5 d
CY2020Q2 eqt Debt Instrument Convertible Consecutive Trading Days Measurement Period
DebtInstrumentConvertibleConsecutiveTradingDaysMeasurementPeriod
5 d
CY2020Q2 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1
CY2020Q2 eqt Debt Instrument Conversion Strike Price
DebtInstrumentConversionStrikePrice
15.00
CY2020Q2 eqt Debt Instrument Conversion Cap Price
DebtInstrumentConversionCapPrice
18.75
CY2023Q2 us-gaap Share Price
SharePrice
41.13
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-66626000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
891361000 usd
us-gaap Net Income Loss
NetIncomeLoss
1151922000 usd
us-gaap Net Income Loss
NetIncomeLoss
-624687000 usd
CY2023Q2 eqt Interest Expense On Convertible Debt Addback Adjustments
InterestExpenseOnConvertibleDebtAddbackAdjustments
0 usd
CY2022Q2 eqt Interest Expense On Convertible Debt Addback Adjustments
InterestExpenseOnConvertibleDebtAddbackAdjustments
2279000 usd
eqt Interest Expense On Convertible Debt Addback Adjustments
InterestExpenseOnConvertibleDebtAddbackAdjustments
3691000 usd
eqt Interest Expense On Convertible Debt Addback Adjustments
InterestExpenseOnConvertibleDebtAddbackAdjustments
0 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-66626000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
893640000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1155613000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-624687000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
361982000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
369866000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
361721000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
372023000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
361982000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
407303000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
393435000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
372023000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.68
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.94
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.68
CY2020Q1 eqt Contract Asset Noncurrent
ContractAssetNoncurrent
410000000 usd
CY2022Q1 eqt Contract Asset Cash Payment Option Amount
ContractAssetCashPaymentOptionAmount
196000000 usd
CY2022Q1 eqt Impairment Of Contract Asset
ImpairmentOfContractAsset
184900000 usd
CY2022Q4 eqt Impairment Of Contract Asset
ImpairmentOfContractAsset
29300000 usd
CY2022Q4 eqt Contract Asset Noncurrent
ContractAssetNoncurrent
0 usd
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0000033213-23-000028-index-headers.html Edgar Link pending
0000033213-23-000028-index.html Edgar Link pending
0000033213-23-000028.txt Edgar Link pending
0000033213-23-000028-xbrl.zip Edgar Link pending
eqt-20230630.htm Edgar Link pending
eqt-20230630.xsd Edgar Link pending
ex10026302023eqt.htm Edgar Link pending
ex31016302023.htm Edgar Link pending
ex31026302023.htm Edgar Link pending
ex326302023.htm Edgar Link pending
exhibit1003bimage.jpg Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
eqt-20230630_cal.xml Edgar Link unprocessable
eqt-20230630_def.xml Edgar Link unprocessable
eqt-20230630_lab.xml Edgar Link unprocessable
eqt-20230630_pre.xml Edgar Link unprocessable
eqt-20230630_htm.xml Edgar Link completed
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable