# EQT CORPORATION (EQT) FY2025 Q1 P&L / Income Statement

- Company: EQT CORPORATION (EQT)
- Period: 2025-01-01 to 2025-03-31
- Filing: Q1 FY2025 10-Q, filed 2025-04-23, accession number 0000033213-25-000023
- Page: https://plicit.ai/financials/eqt/fy2025-q1-income-statement
- Chart image: https://plicit.ai/charts/eqt-fy2025-q1-income-statement-sankey.png

## Chart details: Revenue by Product and Service

Income statement for 2025-01-01 through 2025-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total operating revenues**: 1,739,850,000 US dollars
- **Transportation and processing**: 378,209,000 US dollars
- **Gross profit (calculated)**: 1,361,641,000 US dollars
- **Operating expenses (calculated)**: 865,391,000 US dollars
- **Operating income**: 496,250,000 US dollars
- **Other income (expense), net (calculated)**: negative 102,164,000 US dollars
- **Income before income taxes**: 394,086,000 US dollars
- **Income tax expense**: 78,668,000 US dollars
- **Net income**: 315,418,000 US dollars
- **Pipeline, net marketing services and other**: 174,042,000 US dollars
- **Sales of natural gas, natural gas liquids and oil**: 2,244,727,000 US dollars
- **Exploration**: 1,051,000 US dollars
- **Depreciation, depletion and amortization**: 620,775,000 US dollars
- **Other operating expenses**: 13,474,000 US dollars
- **Loss on sale/exchange of long-lived assets**: 231,000 US dollars
- **Selling, general and administrative**: 91,464,000 US dollars
- **Impairment and expiration of leases**: 2,661,000 US dollars
- **Production**: 88,438,000 US dollars
- **Operating and maintenance**: 47,297,000 US dollars
- **Revenue before reconciliation (calculated)**: 2,418,769,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **(Loss) gain on derivatives**: negative 678,919,000 US dollars. Reported reconciliation to consolidated revenue.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to EQT CORPORATION: $242.14 M; to noncontrolling interests: $73.28 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/eqt/fy2025-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/eqt-fy2025-q1-revenue-by-business-segment-sankey.png

Income statement for 2025-01-01 through 2025-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Total operating revenues**: 1,739,850,000 US dollars
- **Transportation and processing**: 378,209,000 US dollars
- **Gross profit (calculated)**: 1,361,641,000 US dollars
- **Operating expenses (calculated)**: 865,391,000 US dollars
- **Operating income**: 496,250,000 US dollars
- **Other income (expense), net (calculated)**: negative 102,164,000 US dollars
- **Income before income taxes**: 394,086,000 US dollars
- **Income tax expense**: 78,668,000 US dollars
- **Net income**: 315,418,000 US dollars
- **Production revenue**: 1,569,283,000 US dollars
- **Gathering**: 335,313,000 US dollars
- **Transmission**: 146,271,000 US dollars
- **Exploration**: 1,051,000 US dollars
- **Depreciation, depletion and amortization**: 620,775,000 US dollars
- **Other operating expenses**: 13,474,000 US dollars
- **Loss on sale/exchange of long-lived assets**: 231,000 US dollars
- **Selling, general and administrative**: 91,464,000 US dollars
- **Impairment and expiration of leases**: 2,661,000 US dollars
- **Production expense**: 88,438,000 US dollars
- **Operating and maintenance**: 47,297,000 US dollars
- **Revenue before reconciliation (calculated)**: 2,050,867,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Intersegment Eliminations and Other**: negative 311,017,000 US dollars. Reported reconciliation to consolidated revenue.
- **Production costs**: 1,377,497,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Gathering costs**: 104,112,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Transmission costs**: 43,121,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.
- **Reconciling items (calculated)**: negative 281,130,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to EQT CORPORATION: $242.14 M; to noncontrolling interests: $73.28 M.