XML 12 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Statements of Consolidated Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Sales of natural gas, oil and NGLs $ 403,939 $ 365,940 $ 1,072,898 $ 1,326,104
Pipeline and marketing services 59,431 56,775 188,770 203,164
Gain (loss) on derivatives not designated as hedges 93,356 161,263 (32,342) 209,114
Total operating revenues 556,726 583,978 1,229,326 1,738,382
Operating expenses:        
Transportation and processing 89,883 71,996 251,283 207,129
Operation and maintenance 31,185 32,385 91,921 92,693
Production 26,058 32,505 85,998 95,353
Exploration 2,671 8,177 9,385 32,153
Selling, general and administrative 61,384 60,633 196,625 189,163
Depreciation, depletion and amortization 237,088 208,227 682,948 599,791
Impairment of long-lived assets 0 0 0 4,252
Total operating expenses 448,269 413,923 1,318,160 1,220,534
Operating income (loss) 108,457 170,055 (88,834) 517,848
Other income 10,715 2,661 23,199 6,289
Interest expense 35,984 36,547 108,469 110,596
Income (loss) before income taxes 83,188 136,169 (174,104) 413,541
Income tax expense (benefit) 13,084 35,936 (151,826) 28,393
Net income (loss) 70,104 100,233 (22,278) 385,148
Less: Net income attributable to noncontrolling interests 78,120 59,446 238,747 165,398
Net (loss) income attributable to EQT Corporation $ (8,016) $ 40,787 $ (261,025) $ 219,750
Basic:        
Weighted average common stock outstanding (in shares) 172,867 152,551 165,197 152,326
Net (loss) income (in dollars per share) $ (0.05) $ 0.27 $ (1.58) $ 1.44
Diluted:        
Weighted average common stock outstanding (in shares) 172,867 152,854 165,197 152,789
Net (loss) income (in dollars per share) $ (0.05) $ 0.27 $ (1.58) $ 1.44
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.09 $ 0.09