Natural Gas Sales was Eqt’s largest product and service line in fiscal 2022, bringing in $11.45B of $12.11B (95%).
| Product and Service | FY 2016 | FY 2018 | FY 2021 | FY 2022 |
|---|---|---|---|---|
| Natural Gas Sales | $6.18B | $11.45B | ||
| Sales Of Natural Gas, Oil & Ngls | — | — | ||
| Ngls Sales | $531.51M | $586.72M | ||
| Oil Sales | $92.33M | $79.16M | ||
| Net Marketing Services & Other | — | — | ||
| Total | $6.80B | $12.11B |
Eqt brought in $12.11B from its three product and service lines in fiscal 2022, the year ended December 31, 2022. That was up 78.0% from $6.80B in fiscal 2021. Natural Gas Sales was the largest at $11.45B (94.5%), ahead of Ngls Sales at $586.72M (4.8%) and Oil Sales at $79.16M (0.7%).
Compared with fiscal 2021, Natural Gas Sales grew 85.2% to $11.45B and Ngls Sales grew 10.4% to $586.72M.
Distribution was Eqt’s largest segment in fiscal 2008, bringing in $698.39M of $1.58B (44%).
| Segment Reporting Information By Segment | FY 2008 |
|---|---|
| Distribution | $698.39M |
| Eqtmidstream | $597.07M |
| Eqtproduction | $472.96M |
| Business Intersegment Eliminations | -$191.93M |
| Total | $1.58B |
Eqt brought in $1.58B from its four segments in fiscal 2008, the year ended December 31, 2008. Distribution was the largest at $698.39M (44.3%), ahead of Eqtmidstream at $597.07M (37.9%) and Eqtproduction at $472.96M (30.0%).
The total is net of Business Intersegment Eliminations, which took $191.93M off revenue in fiscal 2008.
Upstream was Eqt’s largest segment in fiscal 2023, bringing in $6.90B of $6.91B (100%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Production | $12.11B | — | |||||||||
| Upstream | — | $6.90B | |||||||||
| Eqt Production | — | — | |||||||||
| Eqt | — | — | |||||||||
| Eqtproduction | — | — | |||||||||
| Eqt Midstream | — | — | |||||||||
| Eqtmidstream | — | — | |||||||||
| Distribution | — | — | |||||||||
| Eqt Gathering | — | — | |||||||||
| Eqt Transmission & Storage | — | — | |||||||||
| Gathering | — | $161.40M | |||||||||
| Rmp Gathering | — | — | |||||||||
| Intersegment Eliminations & Other | — | -$148.83M | |||||||||
| Third-Party Transportation Costs | — | — | |||||||||
| Material Reconciling Items | — | — | |||||||||
| Rmp Water | — | — | |||||||||
| Intersegment Eliminations | — | — | |||||||||
| Less Intersegment Revenues, Net | — | — | |||||||||
| Intersegment Elimination | — | — | |||||||||
| Total | $12.11B | $6.91B |
Eqt brought in $6.91B from its three segments in fiscal 2023, the year ended December 31, 2023. Eqt regrouped these segments after fiscal 2022, so the total does not compare directly with that year's $12.11B. Upstream was the largest at $6.90B (99.8%), ahead of Gathering at $161.40M (2.3%).
Eqt began breaking out Upstream in fiscal 2023, Gathering in fiscal 2023 and Intersegment Eliminations & Other in fiscal 2023. Eqt stopped reporting Production as a separate segment after fiscal 2022, when it brought in $12.11B. The total is net of Intersegment Eliminations & Other, which took $148.83M off revenue in fiscal 2023.
Eqt (EQT) reports its revenue by product and service, by segment reporting information by segment and by segment. In fiscal 2022, Natural Gas Sales was its largest product and service line, bringing in $11.45B (94.5% of the total), followed by Ngls Sales at $586.72M (4.8%).
Natural Gas Sales was Eqt's largest product and service line in fiscal 2022, bringing in $11.45B, or 94.5% of the $12.11B total across its three product and service lines.
Distribution was Eqt's largest segment in fiscal 2008, bringing in $698.39M, or 44.3% of the $1.58B total across its four segments.
Natural Gas Sales grew faster than Ngls Sales in fiscal 2022, up 85.2% from $6.18B to $11.45B. Ngls Sales grew 10.4% to $586.72M.
Every figure comes from Eqt's annual financial filings, as reported. Each line keeps the name Eqt gives it, and years follow its fiscal calendar.
Eqt's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.