Interim Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Interim Financial Information (Unaudited)

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)
2014 (a)
Operating revenues	$	661,625		$	526,168	$	578,723	$	703,194
Operating income	356,791			224,771		231,503		40,330
Amounts attributable to EQT Corporation:
Income (loss) from continuing operations	192,297			109,045		98,555		(14,303		)
(Loss) income from discontinued operations	(104		)	1,876		—		(401		)
Net income (loss) attributable to EQT Corporation	$	192,193		$	110,921	$	98,555	$	(14,704	)
Earnings per share of common stock attributable to EQT Corporation:
Basic:
Income (loss) from continuing operations	$	1.27		$	0.72	$	0.65	$	(0.10	)
Income from discontinued operations	—			0.01		—		—
Net income (loss)	$	1.27		$	0.73	$	0.65	$	(0.10	)
Diluted:
Income (loss) from continuing operations	$	1.26		$	0.72	$	0.65	$	(0.10	)
Income from discontinued operations	—			0.01		—		—
Net income (loss)	$	1.26		$	0.73	$	0.65	$	(0.10	)
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

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

During the three months ended December 31, 2014, the Company recognized impairment charges on proved and unproved oil and gas properties of $267.3 million. Refer to Note 1 for additional information.

Differences between all amounts in the above table and those previously reported in the Company’s 2013 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.