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Statements of Consolidated (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Sales of natural gas, oil and NGLs $ 304,532 $ 373,756 $ 668,959 $ 960,164
Pipeline and marketing services 57,692 61,573 129,339 146,389
(Loss) gain on derivatives not designated as hedges (234,693) 4,259 (125,698) 47,851
Total operating revenues 127,531 439,588 672,600 1,154,404
Operating expenses:        
Transportation and processing 84,207 69,356 161,400 135,133
Operation and maintenance 29,253 32,061 60,736 60,308
Production 33,044 31,492 59,940 62,848
Exploration 3,591 11,422 6,714 23,976
Selling, general and administrative 77,299 65,404 135,241 128,530
Depreciation, depletion and amortization 224,629 196,819 445,860 391,564
Impairment of long-lived assets 0 0 0 4,252
Total operating expenses 452,023 406,554 869,891 806,611
Operating (loss) income (324,492) 33,034 (197,291) 347,793
Other income 7,644 2,689 12,484 3,628
Interest expense 36,305 36,833 72,485 74,049
(Loss) income before income taxes (353,153) (1,110) (257,292) 277,372
Income tax (benefit) (172,346) (64,857) (164,910) (7,543)
Net (loss) income (180,807) 63,747 (92,382) 284,915
Less: Net income attributable to noncontrolling interests 77,838 58,211 160,627 105,952
Net (loss) income attributable to EQT Corporation $ (258,645) $ 5,536 $ (253,009) $ 178,963
Basic:        
Weighted average common stock outstanding (in shares) 166,801 152,454 161,909 152,220
Net (loss) income (in dollars per share) $ (1.55) $ 0.04 $ (1.56) $ 1.18
Diluted:        
Weighted average common stock outstanding (in shares) 166,801 152,877 161,909 152,751
Net (loss) income (in dollars per share) $ (1.55) $ 0.04 $ (1.56) $ 1.17
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.06 $ 0.06