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This statistic highlights EQT Corp’s revenue by segment, split across NGLs sales, Natural gas sale, Net marketing services and other, Oil and Natural gas combined sales, Oil sales segments, reported on a quarterly basis from 2018 onwards.
EQT Corporation is an American-origin energy company engaged in hydrocarbon exploration and pipeline transportation. EQT is the biggest producer of natural gas in the United States. The company mainly focuses on trading groups integrated with upstream businesses. EQT is in a unique position to produce natural gas in the United States and efficiently supply it to the end-user market.
EQT Corp’s Revenue by Segment
EQT corporation’s total revenue increased from $1159.92 million in Q3 2020 to $3424.40 million in Q3 2021, marking a huge growth of 195.23% ($2264.48 million) in a year. Compared quarterly, the company’s revenue increased from $2060.96 million in Q2 2021 to $3424.40 million in Q3 2021, setting an increment of 66.16% ($1363.44 million).
EQT Corporation revenue is further bifurcated into the following regions:
|Revenue by Segment||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Natural gas sale||$556.95||$953.39||$1605.58||46.89%|
|Net marketing services and other||$0.32||$7.51||$8.35||0.24%|
|Oil and natural gas combined sales||$560.61||$975.54||$1632.00||47.66%|
(All figures in millions, except percentage)
EQT corporation revenue from the NGLs sales segment increased from $38.38 million in Q3 2020 to $102.36 million in Q2 2021, setting an incline of 166.7% ($63.98 million). The revenue further witnessed an increase from $102.36 million in Q2 2021 to $152.05 million in Q3 2021, making a growth of 48.54% ($49.69 million). NGLs Sales accounts for 4.44% of the whole revenue generated in Q3 2021.
Natural Gas Sales
EQT corporation’s revenue from Natural Gas sales contributes 46.89% of the total revenue in Q3 2021. The revenue grew up from $556.95 million in Q3 2020 to $1605.58 million in Q3 2021, making a massive increment of 188.28% ($1048.63 million) in a year. Quarterly, the company achieved a growth of 68.41% from $953.39 million in Q2 2021 to $1605.58 million in Q3 2021.
Net Marketing Services and Other
The company’s revenue from net marketing service and other sectors generates only 0.24% of the whole revenue generated in Q3 2021. There is a constant increase from Q3 2020 to Q3 2021 making a huge growth of 2509.38% (8.03 million) in a year. Quarterly, this segment witnessed a rise of 11.19% from $7.51 million in Q2 2021 to $8.35 million in Q3 2021.
Oil and Natural gas Combined sales
The majority of EQT corporation revenue is generated through the Oil and natural gas combined sales accounting for 47.66% of the company’s revenue in Q3 2021, amounting to $1632 million. It grew by 191.11% compared to $560.61 million earned in Q3 2020 and 67.29% compared to $975.54 million in Q2 2021.
In Q3 2021, Oil sales revenue stood at $26.42 million. It increased by 621.86% ($22.76 million) compared to $3.66 million in Q3 2020 and 19.22% ($4.26 million) compared to $22.16 million in Q2 2021. This segment accounts for 0.77% of the company’s revenue in Q3 2021.
About the Company
Founded in 1888 by Michael and Obediah Haymaker, EQT Corporation is an American energy company specializing in hydrocarbon exploration and pipeline transportation. It is the largest producer of natural gas in Japan. Pittsburgh, PA is the company’s headquarters. EQT is ranked 605th on the Fortune 500. They own a controlling stake in EQT Midstream Partner LP through our investment in EQGP Holdings LP. EQM owns and operates midstream assets in the Appalachia Reserve, supporting the completion of wells and providing water services for collecting, recycling, and disposing of returned and produced water. Horizontal drilling is the technology used by this company. This is commonplace in the field of natural gas. Horizontal drilling technology helps more natural gas to be extracted from fewer wells. This saves time, energy, and money and reduces the impact on the environment. EQT is committed to operational transparency and was one of the first natural gas producers in Appalachia to voluntarily disclose the exact content of the hydraulic fracturing fluids used at each well site. The company is committed to the responsible development of a world-class asset base in the core of the Appalachian Basin, while it is currently the largest producer of natural gas in the United States, its mission is to give the best quality.
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