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STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating revenues:      
Sales of natural gas, oil and NGLs $ 4,709,384    
(Loss) gain on derivatives not designated as hedges (178,591) $ 390,021 $ (248,991)
Total operating revenues 4,557,868 3,091,020 1,387,054
Operating expenses:      
Transportation and processing 1,697,001 1,164,783 880,191
Production 195,775 181,349 174,170
Exploration 6,765 17,565 4,663
Selling, general and administrative 284,220 208,986 218,946
Depreciation and depletion 1,569,038 970,985 856,451
Impairment/loss on sale of long-lived assets 2,709,976 0 0
Impairment of goodwill 530,811 0 0
Lease impairments and expirations 279,708 7,552 15,686
Transaction costs 26,331 152,188 0
Amortization of intangible assets 41,367 5,400 0
Total operating expenses 7,340,992 2,708,808 2,150,107
Gain on sale of assets 0 0 8,025
Operating (loss) income (2,783,124) 382,212 (755,028)
Other expense 65,349 2,987 8,075
Loss on debt extinguishment 0 12,641 0
Interest expense 228,958 167,971 131,159
(Loss) income from continuing operations before income taxes (3,077,431) 198,613 (894,262)
Income tax (benefit) (696,511) (1,188,416) (362,769)
(Loss) income from continuing operations (2,380,920) 1,387,029 (531,493)
Income from discontinued operations, net of tax (see Note 2) 373,762 471,113 400,430
Net (loss) income (2,007,158) 1,858,142 (131,063)
Less: Net income from discontinued operations attributable to noncontrolling interests 237,410 349,613 321,920
Amounts attributable to EQT Corporation:      
(Loss) income from continuing operations (2,380,920) 1,387,029 (531,493)
Income from discontinued operations, net of tax 136,352 121,500 78,510
Net (loss) income attributable to EQT Corporation $ (2,244,568) $ 1,508,529 $ (452,983)
Basic:      
Weighted average common stock outstanding (in shares) 260,932 187,380 166,978
(Loss) income from continuing operations (in dollars per share) $ (9.12) $ 7.40 $ (3.18)
Income from discontinued operations (in dollars per share) 0.52 0.65 0.47
Net (loss) income (in dollars per share) $ (8.60) $ 8.05 $ (2.71)
Diluted:      
Weighted average common stock outstanding (in shares) 260,932 187,727 166,978
(Loss) income from continuing operations (in dollars per share) $ (9.12) $ 7.39 $ (3.18)
Income from discontinued operations (in dollars per share) 0.52 0.65 0.47
Net (loss) income (in dollars per share) $ (8.60) $ 8.04 $ (2.71)
Sales of natural gas, oil and NGLs      
Operating revenues:      
Sales of natural gas, oil and NGLs $ 4,695,519 $ 2,651,318 $ 1,594,997
Net marketing services and other      
Operating revenues:      
Net marketing services and other $ 40,940 $ 49,681 $ 41,048