EQT Corporation

Energy & Utilities drilling exploration natural gas pipelines

EQT Corporation is an integrated energy company with emphasis on Appalachian area natural gas production, gathering, and transmission. The Company conducts its business through three business segments: EQT Production, EQT Gathering, and EQT Transmission. The EQT Production segment includes the Company’s exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin. The EQT Production segment also includes the marketing activities of the Company. The operations of EQT Gathering include the natural gas gathering activities of the Company, consisting solely of assets that are owned and operated by EQM. The operations of EQT Transmission include the natural gas transmission and storage activities of the Company, consisting solely of assets that are owned and operated by EQM.

Revenue(FY, 2017)

$3.4 B

Market capitalization(2018-04-20)

$8.9 B

Type

Public

Pittsburgh, US

Founded

1888

Size (employees)

2,067 (est)+15%

Website

eqt.com

EQT Corporation was founded in 1888 and is headquartered in Pittsburgh, US

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Key People/Management at EQT Corporation

David Porges

Interim President and Chief Executive Officer

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EQT Corporation Office Locations

EQT Corporation has offices in Wayne, Pittsburgh, Weston, Washington and in 1 other location

Pittsburgh, US (HQ)

1700 625 Liberty Ave

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EQT Corporation Financials and Metrics

EQT Corporation Financials

EQT Corporation's revenue was reported to be $3.38 b in FY, 2017

Summary

USD
Revenue (FY, 2017)	3.4 b
Net income (FY, 2017)	1.9 b
EBIT (FY, 2017)	933 m
Market capitalization (20-Apr-2018)	8.9 b
Cash (31-Dec-2017)	147.3 m

EQT Corporation's current market capitalization is $8.9 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	1.9 b	2.5 b	2.3 b	1.6 b	3.4 b
Revenue growth, %		33%	(5%)	(31%)
General and administrative expense				272.7 m	262.7 m
R&D expense				13.4 m	25.1 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	506.6 m	661.6 m	526.2 m	578.7 m	708.8 m	433.2 m	577 m	545.1 m	556.7 m	897.5 m	690.9 m	660.3 m
General and administrative expense	52.9 m	49 m	63.3 m	57.1 m	67.4 m	65.4 m	60.6 m	57.9 m	61.4 m	72.1 m	57 m	77.2 m
R&D expense	5.3 m	1.4 m	7.5 m	3.6 m	12.6 m	11.4 m	8.2 m	3.1 m	2.7 m	3.1 m	3.5 m	2.4 m
Operating expense total	336.1 m	304.8 m	339.1 m	347.2 m	394 m	400.1 m	407 m	417.9 m	448.3 m	506.9 m	501.1 m	522.6 m

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	845.6 m	1.1 b	1.6 b	1.1 b	147.3 m
Accounts Receivable	235.8 m	306.1 m	177 m	341.6 m	725.2 m
Inventories	19.7 m	4.1 m
Current Assets	1.3 b	1.9 b	2.3 b	1.8 b	1.2 b

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	423.9 m	909.8 m	1.3 b	1.2 b	1.8 b	2 b	1.7 b	1.6 b	2.3 b	1.8 b	899.4 m	572.3 m	483.6 m
Accounts Receivable	186.1 m	329.4 m	235.3 m	199.6 m	237.1 m	150.4 m	147.2 m	149.5 m	170.3 m	189.4 m	279 m	311 m	279.2 m
Inventories	67.9 m	9.9 m	13.4 m
Current Assets	933.3 m	1.4 b	2 b	1.9 b	2.5 b	2.5 b	2.3 b	2.2 b	2.6 b	2.1 b	1.3 b	996.9 m	858.5 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	437.8 m	511 m	321.9 m	(131.1 m)	1.9 b
Depreciation and Amortization	653.1 m	679.3 m	819.2 m	927.9 m	1.1 b
Inventories	30.1 m	15.5 m
Accounts Payable	53.5 m	30.4 m			(16.7 m)

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	138.3 m	132.3 m	221.2 m	63.7 m	100.2 m	88.4 m	(180.8 m)	(50 )	950
Depreciation and Amortization	157.2 m	175.6 m	194.7 m	196.8 m	208.2 m	221.2 m		237.1 m	231.9 m
Inventories	13.4 m
Accounts Payable	381.3 m	370.3 m	326.1 m	287.3 m	265.4 m	223.3 m	251.7 m	264.8 m	318.1 m