Stock Analysis on Net
Stock Analysis on Net

EQT Corp. (NYSE:EQT)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 27, 2022.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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EQT Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Current portion of debt
Accounts payable
Derivative instruments, at fair value
Other current liabilities
Current liabilities
Credit facility borrowings
Term loan facility borrowings
Senior notes
Note payable to EQM Midstream Partners, LP
Deferred income taxes
Other liabilities and credits
Noncurrent liabilities
Total liabilities
Common stock, no par value
Treasury stock, shares at cost
Retained earnings (accumulated deficit)
Accumulated other comprehensive loss
Common shareholders’ equity
Noncontrolling interest in consolidated subsidiaries
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Current portion of debt
The current portion of debt as a percentage of total liabilities and equity shows a fluctuating pattern. Starting from minimal data in early 2018, it experienced low values around 0.02% in mid-2019, gradually increased to peak at 4.42% by the end of 2021, and then declined slightly but remained elevated around 1.87% in late 2022.
Accounts payable
Accounts payable relative to total liabilities and equity indicates a steady upward trend over the analyzed periods. Beginning near 2.5% in early 2018, it rose consistently, reaching above 7% by late 2022, suggesting growing short-term obligations to suppliers or vendors.
Derivative instruments, at fair value
This item shows significant volatility with marked increases. Initially under 1% in early 2018, it surged to nearly 25% in late 2021, followed by fluctuations around 18-24% through 2022. This suggests increasing exposure or valuation changes in derivative contracts, which substantially impact the liability profile.
Other current liabilities
Other current liabilities maintain relatively stable proportions throughout, hovering mostly between 1% and 2.1%. This stability indicates limited fluctuations in miscellaneous current obligations.
Current liabilities
Overall current liabilities as a percentage of liabilities and equity rose steadily from around 4% in early 2018 to over 31% by 2022, peaking at more than 34% in early 2022. This upward trend reflects increased short-term debt and obligations, likely influenced by spikes in derivative instruments and accounts payable.
Credit facility borrowings
Credit facility borrowings show intermittent values and generally low percentages, often below 2%, with frequent missing data points, indicating limited or variable reliance on this form of short-term financing.
Term loan facility borrowings
Data indicates moderate and somewhat stable levels of term loan borrowings around 4.9% to 5.3% during the second half of 2019, with no data in other periods, suggesting a focused borrowing period.
Senior notes
Senior notes comprise a consistent and substantial portion of total liabilities and equity, staying mostly in the range of 18% to 26%. Slight declines from mid-2021 towards late 2022 highlight a moderate reduction in long-term debt instruments.
Note payable to EQM Midstream Partners, LP
This liability item remains relatively stable around 0.4% to 0.6% across available data points, indicating a consistent but minor obligation.
Deferred income taxes
Deferred income taxes exhibit variability, initially around 4% to 5% in early 2018, increasing to over 9% by early 2019, then decreasing sharply to below 2% in early 2022, with slight rebounds later in 2022. Such fluctuations may reflect changes in tax liabilities or deferred tax asset valuations.
Other liabilities and credits
This category stays relatively constant, mostly around 4% to 5%, indicating stable other long-term obligations.
Noncurrent liabilities
Noncurrent liabilities as a percentage of total liabilities and equity show an initial increase from approximately 35% in early 2018 to around 40% by end-2019, followed by a gradual decline to about 27% by late 2022, suggesting a reduction in long-term debt or liabilities in recent periods.
Total liabilities
Total liabilities rose from about 39% in early 2018 to peaks exceeding 64% in early 2021, with subsequent declines into the high 50s by late 2022. This trajectory indicates an overall increase in the company's leverage, peaking around early 2021 before partial deleveraging.
Common stock, no par value
The representation of common stock in total liabilities and equity increased steadily from approximately 34% in early 2018 to around 45% by late 2020 and beyond, with minor fluctuations, reflecting possibly increased equity capitalization or market valuation.
Treasury stock, shares at cost
This item remains a small negative percentage, moving closer to zero by late 2022, indicating relatively consistent amounts of treasury stock held at cost with a slight decrease in magnitude over time.
Retained earnings (accumulated deficit)
Retained earnings show a marked decline over time. Starting above 8% in early 2018, they increased to over 17% in mid-2019, then declined sharply, turning negative around late 2021 and remaining below zero through 2022. This suggests losses or distributions exceeding accumulated profits in recent periods.
Accumulated other comprehensive loss
This figure remains marginal and consistently negative at around -0.02% to -0.03%, indicating small but persistent comprehensive losses.
Common shareholders’ equity
Shareholders’ equity as a percentage of total liabilities and equity decreased from over 52% in 2018 to a low near 36% in late 2021, with partial recovery toward 43% by late 2022. This reflects erosion and then partial restoration of equity value relative to total financing.
Noncontrolling interest in consolidated subsidiaries
Noncontrolling interest is mostly reported in later periods, starting near zero in 2020 and increasing slightly to about 0.18% by late 2022, indicating minor but growing interests held by outside parties.
Total equity
Total equity decreased from approximately 61% in early 2018 to a low near 36% at the end of 2021, followed by recovery to nearly 43% in late 2022. This aligns with noted trends in retained earnings and common shareholders’ equity, highlighting periods of equity reduction followed by stabilization.
Total liabilities and equity
Being the base percentage equaling 100%, total liabilities and equity remained constant by definition throughout the periods.