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STATEMENTS OF CONSOLIDATED OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating revenues:      
Sales of natural gas, natural gas liquids and oil $ 3,791,414 $ 4,709,384  
Gain (loss) on derivatives not designated as hedges 616,634 (178,591) $ 390,021
Total operating revenues 4,416,484 4,557,868 3,091,020
Operating expenses:      
Transportation and processing 1,752,752 1,697,001 1,164,783
Production 153,785 195,775 181,349
Exploration 7,223 6,765 17,565
Selling, general and administrative 253,006 284,220 208,986
Depreciation and depletion 1,538,745 1,569,038 970,985
Amortization of intangible assets 35,916 41,367 5,400
Impairment/loss on sale/exchange of long-lived assets 1,138,287 2,709,976 0
Impairment of intangible assets 15,411 0 0
Impairment of goodwill 0 530,811 0
Impairment and expiration of leases 556,424 279,708 7,552
Proxy, transaction and reorganization 117,045 26,331 152,188
Total operating expenses 5,568,594 7,340,992 2,708,808
Operating (loss) income (1,152,110) (2,783,124) 382,212
Unrealized loss on investment in Equitrans Midstream Corporation 336,993 72,366 0
Dividend and other (income) expense (91,483) (7,017) 2,987
Loss on debt extinguishment 0 0 12,641
Interest expense 199,851 228,958 167,971
(Loss) income from continuing operations before income taxes (1,597,471) (3,077,431) 198,613
Income tax benefit (375,776) (696,511) (1,188,416)
(Loss) income from continuing operations (1,221,695) (2,380,920) 1,387,029
Income from discontinued operations, net of tax 0 373,762 471,113
Net (loss) income (1,221,695) (2,007,158) 1,858,142
Less: Net income from discontinued operations attributable to noncontrolling interests 0 237,410 349,613
Amounts attributable to EQT Corporation:      
(Loss) income from continuing operations (1,221,695) (2,380,920) 1,387,029
Income from discontinued operations, net of tax 0 136,352 121,500
Net (loss) income attributable to EQT Corporation $ (1,221,695) $ (2,244,568) $ 1,508,529
Basic:      
Weighted average common stock outstanding (in shares) 255,141 260,932 187,380
(Loss) income from continuing operations (in dollars per share) $ (4.79) $ (9.12) $ 7.40
Income from discontinued operations (in dollars per share) 0 0.52 0.65
Net (loss) income (in dollars per share) $ (4.79) $ (8.60) $ 8.05
Diluted:      
Weighted average common stock outstanding (in shares) 255,141 260,932 187,727
(Loss) income from continuing operations (in dollars per share) $ (4.79) $ (9.12) $ 7.39
Income from discontinued operations (in dollars per share) 0 0.52 0.65
Net (loss) income (in dollars per share) $ (4.79) $ (8.60) $ 8.04
Sales of natural gas, natural gas liquids and oil      
Operating revenues:      
Sales of natural gas, natural gas liquids and oil $ 3,791,414 $ 4,695,519 $ 2,651,318
Gain (loss) on derivatives not designated as hedges      
Operating revenues:      
Net marketing services and other $ 8,436 $ 40,940 $ 49,681