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STATEMENTS OF CONDENSED CONSOLIDATED OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 889,517 $ 848,325 $ 2,193,422 $ 2,678,683
Gain on derivatives 61,333 164,386 167,844 989,238
Total operating revenues 952,512 1,018,751 2,364,780 3,679,822
Operating expenses:        
Transportation and processing 543,067 523,162 1,088,248 1,038,146
Production 102,187 55,038 204,506 102,978
Exploration 1,378 1,203 2,294 2,155
Selling, general and administrative 67,207 60,163 140,260 112,057
Depreciation and depletion 465,982 395,684 952,732 783,369
(Gain) loss on sale/exchange of long-lived assets (320,129) (225) (319,982) 16,303
Impairment and expiration of leases 37,659 5,325 46,868 15,871
Other operating expenses 52,190 13,394 64,163 33,056
Total operating expenses 949,541 1,053,744 2,179,089 2,103,935
Operating income (loss) 2,971 (34,993) 185,691 1,575,887
Income from investments (172) (1,092) (2,432) (5,856)
Other income (19,431) (562) (19,636) (737)
Loss (gain) on debt extinguishment 1,837 5,462 5,286 (1,144)
Interest expense, net 55,720 39,883 110,091 86,429
(Loss) income before income taxes (34,983) (78,684) 92,382 1,497,195
Income tax (benefit) expense (44,222) (11,818) (19,920) 344,828
Net income (loss) 9,239 (66,866) 112,302 1,152,367
Less: Net (loss) income attributable to noncontrolling interests (278) (240) (703) 445
Net income (loss) attributable to EQT Corporation $ 9,517 $ (66,626) $ 113,005 $ 1,151,922
Income (loss) per share of common stock attributable to EQT Corporation:        
Weighted average common stock outstanding - Basic (in shares) 441,968 361,982 440,714 361,721
Net income (loss) attributable to EQT Corporation - Basic (in dollars per share) $ 0.02 $ (0.18) $ 0.26 $ 3.18
Weighted average common stock outstanding - Diluted (in shares) 444,921 361,982 444,893 393,435
Net income (loss) attributable to EQT Corporation - Diluted (in dollars per share) $ 0.02 $ (0.18) $ 0.25 $ 2.94
Sales of natural gas, natural gas liquids and oil        
Operating revenues:        
Sales of natural gas, natural gas liquids and oil $ 889,517 $ 848,325 $ 2,193,422 $ 2,678,683
Net marketing services and other        
Operating revenues:        
Net marketing services and other $ 1,662 $ 6,040 $ 3,514 $ 11,901