Subscribe to Pro or Enterprise plans to unlock this feature.
Become a smarter investor today.
Become a smarter investor today.
This statistic highlights EQT Corp’s Revenue Breakdown, split between Sales of Natural gas, oil & natural gas liquids, Gain(loss) on derivatives not designated as hedges, and Net Marketing Services and other, reported on a quarterly basis from Q1 2016 onwards.
EQT Corporation is an American-origin energy company involved in hydrocarbon exploration as well as pipeline transportation. EQT is the largest natural gas producer in the United States. This company primarily focuses on upstream operations and an integrated commercial group. EQT is uniquely positioned to produce the United States region’s natural gas and efficiently deliver it to the market for end-users.
EQT Corp ‘s total revenue decreased sharply from $0.173 billion in Q3 2020 to a negative balance of $1.472 billion in Q3 2021, indicating a huge decline of 950.86% on a year-on-year basis. However, it declined by 512.28% between Q2 2021 and Q3 2021 as it reduced from a negative balance of $0.263 billion in Q2 2021 to a negative balance of $1.472 billion in Q3 2021.
EQT’s mission is to invest in leading companies around the world and help them grow into great and sustainable companies. By providing access to ownership skills and operational expertise, EQT can support the growth and prosperity of portfolio companies under EQT ownership.
EQT Corp’s revenue is bifurcated into the following segments:
|Segment||Q3 2020||Q2 2021||Q3 2021|
|Sales of Natural gas, oil, and natural gas liquids||$0.59||$1.08||$1.78|
|Gain(loss) on derivatives not designated as hedges||($0.42)||($1.35)||($3.26)|
|Net Marketing Services and other||$0.00||$0.01||$0.01|
(All figures are in billions, except percentages)
Sales of Natural gas, oil, and natural gas liquids
This category deals with sales generated from natural gas, oil, and natural gas liquids. This segment’s revenue witnessed an increase from $0.59 billion in Q3 2020 to $1.78 billion in Q3 2021 on an annual basis. This indicates a tremendous rise of 201.6% on a yearly basis. On a quarterly analysis, revenue rose from $1.08 billion in Q2 2021 to $1.78 billion in Q3 2021, registering an incline of 64.81%.
Gain(loss) on derivatives not designated as hedges
This category comprises of gain or loss on derivatives not designated as hedges. This segment of gain(loss) on derivatives not designated as hedges has witnessed minor fluctuations throughout all the quarters. This segment’s share of the revenue breakdown witnessed a decline from a negative balance of $0.42 billion in Q3 2020 to a negative balance of $3.26 billion in Q3 2021 on an annual basis. This indicates the huge downfall of 676.2% on a year-on-year basis. On a quarterly analysis, the revenue further slipped down, declining from negative $1.35 billion in Q2 2021 to negative $3.26 billion in Q3 2021, registering a decline of 341.48%.
Net Marketing Services and other
This category comprises of generating revenue from net marketing services. This segment’s revenue witnessed an increase from $0.003 billion in Q3 2020 to $0.008 billion in Q3 2021 on annual basis. This indicates a tremendous rise of 166.67% on a year-on-year basis. On a quarterly analysis, revenue rose from $0.007 billion in Q2 2021 to $0.008 billion in Q3 2021, registering a minor incline of 14.28%.
Founded in 1888, by Michael and Obediah Haymaker, EQT Corporation is an American energy firm that specializes in hydrocarbon exploration and pipeline transport. Headquartered in Pittsburgh, Pennsylvania, the company is the country’s largest producer of natural gas. On the Fortune 500, the company is rated 605th. The corporation owns a majority interest in EQM Midstream Partners, LP through its investment in EQGP Holdings, LP. EQM owns and operates midstream assets in the Appalachian Reserves, as well as provides water services to assist completion of activities, collects and recycles flow back and produced water, and disposes it off. In the Appalachian Basin, EQT has a world-class asset base.
Horizontal drilling is a technique used by this company. In the natural gas sector, this has become the norm. Horizontal drilling technology enables far more natural gas to be recovered from fewer wells. This saves time, energy, and money, as well as reduces any environmental repercussions. Once EQT’s wells have been drilled, completed, and lined up, the commercial department, also known as EQT Energy, is in charge of managing and optimizing commodity revenues. The company’s common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol EQT.
Did you like EQT Corp’s Revenue Breakdown statistic?
Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.
You can get started here.
Always know what you’ll pay. No hidden costs or surprises.
* Billed annually, local taxes extra.
* Local taxes extra.