EQT CorpChange company Symbol lookupSelect an option...EQT EQT CorpNIO NIO IncEWA iShares MSCI Australia ETFWDAY Workday IncBNOX Bionomics LtdNRDY Nerdy IncKEY KeyCorpAMPX Amprius Technologies IncTPC Tutor Perini CorpLTRN Lantern Pharma IncGo
EQT Corporation is a natural gas producer with operations focused on the Marcellus and Utica Shales of the Appalachian Basin. It has approximately 25.0 trillion cubic feet equivalents (Tcfe) of proved natural gas, natural gas liquids (NGLs), and crude oil reserves across approximately 2.0 million gross acres, including approximately 1.8 million gross acres in the Marcellus play. The Company is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. It owns or leases approximately 610,000 net acres in Pennsylvania. The Company owns or leases approximately 405,000 net acres in West Virginia. It also owns or leases approximately 65,000 net acres in eastern Ohio. It primarily contracts with MarkWest Energy Partners, L.P. (MarkWest) to process its natural gas and extract from the produced natural gas heavier hydrocarbon streams consisting of ethane, propane, isobutane, normal butane and natural gasoline.
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Values displayed are in millions.
| 2018 12/31/18 | 2019 12/31/19 | 2020 12/31/20 | 2021 12/31/21 | 2022 12/31/22 | |
|---|---|---|---|---|---|
| Cash and Short Term Invs | 3 | 5 | 18 | 114 | 1,459 |
| Trade Accts Recvble, Gross | 1,250 | 617 | 573 | -- | 1,609 |
| Prov. for Doubtful Accts | (9) | (7) | (6) | -- | (1) |
| Trade Accts Recvble, Net | 1,242 | 610 | 567 | 1,438 | 1,608 |
| Other Receivables | 132 | 299 | 0 | -- | -- |
| Total Receivables, Net | 1,373 | 909 | 567 | 1,438 | 1,608 |
| Prepaid Expenses | 111 | 29 | 104 | 191 | 135 |
| Discont. Ops.-Curr. Assets | 0 | -- | -- | -- | -- |
| Other Current Assets | 482 | 813 | 527 | 543 | 812 |
| Other Curr. Assets, Total | 482 | 813 | 527 | 543 | 812 |
| Total Current Assets | 1,970 | 1,755 | 1,215 | 2,287 | 4,014 |
| Prop./Plant/Equip. - Gross | 22,148 | 21,655 | 21,995 | 26,016 | 27,394 |
| Accumulated Depreciation | (4,756) | (5,500) | (5,941) | (7,597) | (9,227) |
| Prop./Plant/Equip. - Net | 17,393 | 16,208 | 16,076 | 18,445 | 18,197 |
| Goodwill, Net | 0 | -- | -- | -- | -- |
| Intangibles - Gross | 124 | 124 | -- | -- | -- |
| Accum. Intangible Amort. | (47) | (98) | -- | -- | -- |
| Intangibles - Net | 77 | 26 | -- | -- | -- |
| Long Term Investments | 1,013 | 676 | 203 | -- | -- |
| Note Rcvble - Long Term | -- | -- | 410 | 410 | 0 |
| Other Long Term Assets | 269 | 145 | 209 | 466 | 459 |
| Total Assets | 20,721 | 18,809 | 18,113 | 21,607 | 22,670 |
Values displayed are in millions.
| 2018 12/31/18 | 2019 12/31/19 | 2020 12/31/20 | 2021 12/31/21 | 2022 12/31/22 | |
|---|---|---|---|---|---|
| Accounts Payable | 1,060 | 796 | 705 | 1,339 | 1,575 |
| Accrued Expenses | 201 | 199 | 198 | 315 | 302 |
| Notes Payable/ST Debt | 0 | 0 | 0 | 0 | 0 |
| Curr. Port. LT Dbt/Cap Ls. | 704 | 16 | 154 | 1,061 | 423 |
| Income Taxes Payable | -- | -- | 24 | -- | -- |
| Discontinued Operations | 0 | -- | -- | -- | -- |
| Other Current Liabilities | 390 | 334 | 681 | 2,471 | 1,433 |
| Other Curr. Lblts, Total | 390 | 334 | 705 | 2,471 | 1,433 |
| Total Current Liabilities | 2,355 | 1,346 | 1,762 | 5,186 | 3,732 |
| Total Long Term Debt | 4,793 | 5,277 | 4,771 | 4,530 | 5,256 |
| Total Debt | 5,497 | 5,293 | 4,925 | 5,591 | 5,679 |
| Deferred Income Tax | 1,823 | 1,486 | 1,372 | 907 | 1,442 |
| Minority Interest | 0 | -- | 7 | 16 | 41 |
| Other LT Liabilities | 792 | 897 | 945 | 1,013 | 1,026 |
| Discont. Ops. - Lblts | 0 | -- | -- | -- | -- |
| Other Liabilities, Total | 792 | 897 | 945 | 1,013 | 1,026 |
| Total Liabilities | 9,763 | 9,006 | 8,858 | 11,653 | 11,497 |
Values displayed are in millions.
| 2018 12/31/18 | 2019 12/31/19 | 2020 12/31/20 | 2021 12/31/21 | 2022 12/31/22 | |
|---|---|---|---|---|---|
| Common Stock | 7,829 | 7,818 | 8,242 | 10,072 | 9,892 |
| Ret. Earn.(Accum. Deficit) | 3,184 | 2,023 | 1,048 | (94) | 1,284 |
| Treasury Stock - Common | (49) | (33) | (29) | (18) | 0 |
| Min. Pension Lblty Adj. | (6) | (5) | (5) | (5) | (3) |
| Other Comprehensive Income | 1 | 0 | 0 | -- | -- |
| Other Equity, Total | (5) | (5) | (5) | (5) | (3) |
| Total Equity | 10,958 | 9,804 | 9,255 | 9,955 | 11,172 |
| Total Liabilities & Shareholders’ Equity | 20,721 | 18,809 | 18,113 | 21,607 | 22,670 |
| Ttl Comm. Shares Outs. | 254 | 255 | 278 | 376 | 365 |
| Trsy. Shrs-Comm. Primary Iss. | 3 | 2 | 2 | 1 | 0 |
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