Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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

US$ in thousands

	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	421,987)	440,900)	493,815)	954,900)	12,441)	399,699)	29,291)	154,161)	33,363)	16,309)	16,256)	16,204)	4,916)	4,830)	704,677)	704,390)	699,527)	699,324)	—)
Accounts payable	1,678,083)	1,700,406)	1,416,274)	1,339,251)	1,183,194)	820,134)	812,273)	705,461)	693,141)	686,512)	692,268)	796,438)	755,102)	850,847)	877,498)	1,059,873)	978,757)	754,120)	699,520)
Derivative instruments, at fair value	4,214,888)	4,568,003)	5,362,080)	2,413,608)	5,715,608)	2,160,253)	651,058)	600,877)	894,618)	625,808)	526,601)	312,696)	339,995)	378,834)	308,607)	336,051)	183,677)	146,061)	59,198)
Other current liabilities	322,944)	480,438)	333,118)	372,412)	317,110)	299,115)	257,405)	301,911)	218,395)	231,957)	238,107)	220,564)	349,697)	298,777)	294,708)	254,687)	784,115)	756,738)	349,958)
Current liabilities	6,637,902)	7,189,747)	7,605,287)	5,080,171)	7,228,353)	3,679,201)	1,750,027)	1,762,410)	1,839,517)	1,560,586)	1,473,232)	1,345,902)	1,449,710)	1,533,288)	2,185,490)	2,355,001)	2,646,076)	2,356,243)	1,108,676)
Credit facility borrowings	—)	100,000)	26,000)	—)	704,000)	—)	300,000)	300,000)	244,500)	38,000)	—)	294,000)	161,000)	—)	350,000)	800,000)	472,000)	500,000)	1,892,000)
Term loan facility borrowings	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	799,574)	999,353)	999,239)	999,125)	—)	—)	—)	—)	—)
Senior notes	4,257,359)	4,409,727)	4,437,572)	4,435,782)	5,377,439)	4,999,502)	4,378,270)	4,371,467)	4,351,917)	4,463,548)	4,117,256)	3,878,366)	3,887,907)	3,886,249)	3,884,591)	3,882,932)	7,336,570)	7,333,587)	5,564,826)
Note payable to EQM Midstream Partners, LP	89,973)	91,442)	92,891)	94,320)	95,728)	97,117)	98,487)	99,838)	101,170)	102,483)	103,778)	105,056)	106,333)	107,592)	108,835)	110,059)	—)	—)	—)
Deferred income taxes	893,139)	742,670)	433,769)	938,612)	347,392)	1,009,721)	1,358,489)	1,371,967)	1,336,629)	1,550,249)	1,612,894)	1,485,814)	1,809,650)	1,897,455)	1,859,578)	1,823,381)	1,212,867)	1,324,352)	1,431,148)
Other liabilities and credits	1,004,163)	997,988)	1,013,059)	1,012,740)	999,083)	897,294)	923,765)	945,057)	855,193)	855,175)	893,905)	897,148)	848,985)	807,163)	811,603)	791,742)	776,424)	746,427)	771,934)
Noncurrent liabilities	6,244,634)	6,341,827)	6,003,291)	6,481,454)	7,523,642)	7,003,634)	7,059,011)	7,088,329)	6,889,409)	7,009,455)	7,527,407)	7,659,737)	7,813,114)	7,697,584)	7,014,607)	7,408,114)	9,797,861)	9,904,366)	9,659,908)
Total liabilities	12,882,536)	13,531,574)	13,608,578)	11,561,625)	14,751,995)	10,682,835)	8,809,038)	8,850,739)	8,728,926)	8,570,041)	9,000,639)	9,005,639)	9,262,824)	9,230,872)	9,200,097)	9,763,115)	12,443,937)	12,260,609)	10,768,584)
Common stock, no par value	9,923,539)	9,948,646)	9,921,348)	10,167,963)	10,180,652)	8,245,752)	8,238,643)	8,241,684)	7,895,628)	7,889,072)	7,821,631)	7,818,205)	7,818,683)	7,807,740)	7,817,227)	7,828,554)	8,684,169)	9,316,209)	9,363,289)
Treasury stock, shares at cost	(579)	(2,848)	(2,848)	(18,046)	(18,202)	(20,084)	(21,469)	(29,348)	(29,347)	(30,341)	(30,852)	(32,507)	(32,527)	(39,310)	(39,665)	(49,194)	(50,014)	(50,769)	(51,304)
Retained earnings (accumulated deficit)	(299,577)	(880,127)	(1,725,279)	(115,779)	(1,908,833)	71,284)	1,007,741)	1,048,259)	984,571)	1,585,211)	1,848,286)	2,023,089)	3,117,015)	3,485,711)	3,367,810)	3,184,275)	2,369,271)	2,416,802)	2,406,952)
Accumulated other comprehensive loss	(4,421)	(4,484)	(4,548)	(4,611)	(5,157)	(5,194)	(5,275)	(5,355)	(5,043)	(5,115)	(5,187)	(5,199)	(5,546)	(5,666)	(5,784)	(5,406)	(3,251)	(2,959)	(2,615)
Common shareholders’ equity	9,618,962)	9,061,187)	8,188,673)	10,029,527)	8,248,460)	8,291,758)	9,219,640)	9,255,240)	8,845,809)	9,438,827)	9,633,878)	9,803,588)	10,897,625)	11,248,475)	11,139,588)	10,958,229)	11,000,175)	11,679,283)	11,716,322)
Noncontrolling interest in consolidated subsidiaries	39,639)	28,903)	17,360)	16,236)	11,265)	10,664)	10,726)	7,490)	—)	—)	—)	—)	—)	—)	—)	—)	5,217,217)	5,023,336)	5,147,440)
Total equity	9,658,601)	9,090,090)	8,206,033)	10,045,763)	8,259,725)	8,302,422)	9,230,366)	9,262,730)	8,845,809)	9,438,827)	9,633,878)	9,803,588)	10,897,625)	11,248,475)	11,139,588)	10,958,229)	16,217,392)	16,702,619)	16,863,762)
Total liabilities and equity	22,541,137)	22,621,664)	21,814,611)	21,607,388)	23,011,720)	18,985,257)	18,039,404)	18,113,469)	17,574,735)	18,008,868)	18,634,517)	18,809,227)	20,160,449)	20,479,347)	20,339,685)	20,721,344)	28,661,329)	28,963,228)	27,632,346)

Current Portion of Debt: The current portion of debt showed high values around the 2018 periods, peaking near 700 million. However, there was a sharp decrease starting in early 2019, dropping to the single-digit thousands before increasing again in late 2020 and early 2021. In 2022, the current portion of debt fluctuated, with levels around 400,000 to 950,000 thousand dollars, indicating some volatility.
Accounts Payable: Accounts payable generally increased over the period, starting from approximately 700 million in early 2018 and growing steadily, reaching its highest values in 2022 at around 1.7 billion. Some moderate fluctuations were observed but the overall trend was upward, signifying increasing trade payables or obligations.
Derivative Instruments, at Fair Value: Derivative instruments at fair value exhibited notable volatility and an overall increasing trend. There was a significant spike in mid-2021 reaching over 5.7 billion, followed by fluctuations but remaining at elevated levels through 2022, generally maintaining values above 4 billion. This indicates increased exposure or use of derivatives over time.
Other Current Liabilities: Other current liabilities fluctuated without a clear directional trend, with values generally between 200 to 500 million. Peaks were observed in mid-2018 and mid-2022, indicating variability in other short-term obligations.
Current Liabilities: Current liabilities displayed variability with peaks in mid-2018, late 2021, and mid-2022, surpassing 7 billion on multiple occasions. This suggests fluctuating short-term obligations but an upward pressure in the latter years.
Credit Facility Borrowings: Credit facility borrowings showed irregular reporting with many missing data points. Values fluctuated significantly, with peaks of 1.8 billion in early 2018 and smaller values or gaps thereafter, indicating changes in short-term borrowings usage.
Term Loan Facility Borrowings: Term loan facility borrowings appeared in late 2019 around 1 billion and remained stable through that period, then were not reported in subsequent quarters. This suggests repayment or refinancing outside the reporting period.
Senior Notes: Senior notes increased from approximately 5.6 billion in early 2018 to a peak near 5.4 billion in late 2021, followed by a gradual decrease through 2022. This reflects overall high and relatively stable long-term debt with some repayments towards the end.
Note Payable to EQM Midstream Partners, LP: This note payable demonstrated a steady decline over the entire period, dropping from about 110 million to under 90 million by late 2022, indicating regular repayments.
Deferred Income Taxes: Deferred income taxes fluctuated with values from about 1.4 billion down to a low of 347 million in late 2021, then moderately increasing again in 2022. This pattern reflects changes in tax liabilities or timing differences over time.
Other Liabilities and Credits: Other liabilities and credits were relatively stable, fluctuating close to 800 million to just over 1 billion, showing minor increases in the latter periods.
Noncurrent Liabilities: Noncurrent liabilities showed a declining trend overall, starting near 9.7 billion in early 2018, dropping to just over 6 billion by late 2022, indicating repayments or reductions in long-term obligations.
Total Liabilities: Total liabilities rose from about 10.7 billion in early 2018 to nearly 14.8 billion in late 2021, followed by a slight decline in 2022, maintaining levels above 12.8 billion. This pattern suggests an increasing overall leverage up to 2021 with some deleveraging in 2022.
Common Stock, No Par Value: Common stock values were relatively stable, hovering around 7.8 to 10.2 billion, with a noticeable increase in late 2021, suggesting either share issuances or adjustments in equity offerings.
Treasury Stock, Shares at Cost: Treasury stock steadily decreased in absolute value (i.e., becoming less negative), indicating the company reduced its treasury stock holdings over time, from around negative 51 million in early 2018 to under 1 million by late 2022.
Retained Earnings (Accumulated Deficit): Retained earnings showed a downward trend starting positive and substantial in early periods (over 3 billion), dipping to negative figures by late 2021, and recovering slightly but remaining negative or low in 2022. This shows accumulated losses or reduced earnings capacity in recent years.
Accumulated Other Comprehensive Loss: Accumulated other comprehensive loss remained relatively stable around negative 2.5 to 5.5 million, reflecting ongoing but minor adverse changes in comprehensive income components.
Common Shareholders’ Equity: Common shareholders' equity fluctuated, peaking near 11.7 billion in early 2018, declining to around 8.2 billion in 2021, then showing improvement toward 9.6 billion by late 2022. This pattern suggests equity erosion followed by partial recovery.
Noncontrolling Interest in Consolidated Subsidiaries: Noncontrolling interest data was sporadically reported but showed an increasing trend when available, from about 5.1 million in early periods to nearly 40 million by late 2022.
Total Equity: Total equity declined from approximately 16.9 billion in early 2018 to around 8.2 billion in 2021, with a rebound to about 9.6 billion by late 2022. This reflects a significant reduction in owner equity during the period with partial recovery later.
Total Liabilities and Equity: The total of liabilities and equity decreased notably from over 27.6 billion in early 2018 to just above 18 billion in 2020 and 2021, then increased again to approximately 22.5 billion by late 2022. This pattern suggests contractions and expansions in the overall balance sheet size.

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EQT Corp. (NYSE:EQT)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data