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Statements of Consolidated Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Sales of natural gas, oil and NGLs $ 1,158,418   $ 3,613,395  
(Loss) gain on derivatives not designated as hedges (3,075) $ 35,625 5,620 $ 222,693
Total operating revenues 1,158,870 659,413 3,647,124 2,242,324
Operating expenses:        
Transportation and processing 186,407 136,219 576,597 404,743
Operation and maintenance 29,892 19,589 82,218 54,721
Production 42,751 39,513 149,471 129,461
Exploration 15,772 2,436 42,058 9,039
Selling, general and administrative 65,400 66,263 195,828 190,891
Depreciation and depletion 435,311 246,560 1,290,876 719,295
Impairment/loss on sale of long-lived assets 259,279 0 2,706,438 0
Transaction costs 31,506 10,806 93,176 15,044
Amortization of intangible assets 20,728 0 62,185 0
Total operating expenses 1,087,046 521,386 5,198,847 1,523,194
Operating income (loss) 71,824 138,027 (1,551,723) 719,130
Other income 21,755 6,526 43,092 15,880
Interest expense 93,042 50,377 240,059 137,110
Income (loss) before income taxes 537 94,176 (1,748,690) 597,900
Income tax (benefit) expense (62,911) (11,281) (503,505) 119,093
Net income (loss) 63,448 105,457 (1,245,185) 478,807
Less: Net income attributable to noncontrolling interests 103,141 82,117 362,696 250,349
Net (loss) income attributable to EQT Corporation $ (39,693) $ 23,340 $ (1,607,881) $ 228,458
Basic:        
Weighted average common stock outstanding (in shares) 259,560 173,476 262,816 173,368
Net (loss) income (in dollars per share) $ (0.15) $ 0.13 $ (6.12) $ 1.32
Diluted:        
Weighted average common stock outstanding (in shares) 259,560 173,675 262,816 173,572
Net (loss) income (in dollars per share) $ (0.15) $ 0.13 $ (6.12) $ 1.32
Dividends declared per common share (in dollars per share) $ 0.03 $ 0.03 $ 0.09 $ 0.09
Sales of natural gas, oil and NGLs        
Revenues:        
Sales of natural gas, oil and NGLs $ 1,046,989 $ 552,953 $ 3,264,728 $ 1,803,132
Pipeline, water and net marketing services        
Revenues:        
Pipeline, water and net marketing services $ 114,956 $ 70,835 $ 376,776 $ 216,499