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Interim Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
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.