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.

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

EQT Corp., net profit margin, long-term trends, calculation

Microsoft Excel
Net profit margin = 100 × Net income (loss) attributable to EQT Corporation1 ÷ Sales of natural gas, natural gas liquids and oil1
Dec 31, 2021 = 100 × ÷
Dec 31, 2020 = 100 × ÷
Dec 31, 2019 = 100 × ÷
Dec 31, 2018 = 100 × ÷
Dec 31, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 31, 2013 = 100 × ÷
Dec 31, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 31, 2007 = 100 × ÷
Dec 31, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in thousands

Net Income (Loss) Attributable to EQT Corporation
The net income exhibited considerable fluctuation over the observed period. Initially, from 2005 to 2007, net income values ranged between approximately $220 million and $260 million, demonstrating relative stability with moderate growth. In 2008, net income remained consistent with prior years but began a declining trend in 2009, decreasing to about $157 million. This was followed by a recovery phase, with a peak in 2011 reaching nearly $480 million. However, from 2012 onwards, the figures fluctuated notably, marked by a significant loss exceeding $450 million in 2016. The company experienced a remarkable upswing in 2017, achieving its highest net income of approximately $1.5 billion. Post-2017, the trend reversed sharply with substantial losses recorded consecutively through 2021, implying elevated volatility and financial challenges in recent years.
Sales of Natural Gas, Natural Gas Liquids, and Oil
Sales revenue showed a general upward trajectory over the years, starting at roughly $1.25 billion in 2005 and peaking at over $6.8 billion in 2021. Notably, sales growth was gradual and somewhat stable until 2013, staying within the $1.3 billion to $2.1 billion range. A pronounced increase commenced in 2017, reaching a peak in 2018 at approximately $4.7 billion, followed by a slight decrease in 2019 and 2020. The most substantial surge occurred in 2021, where sales nearly tripled from the previous year. This pattern suggests expanding market activity or possible price increases impacting revenues significantly, especially in the later years.
Net Profit Margin
The net profit margin demonstrated considerable variability and volatility throughout the timeframe. Early years (2005–2007) maintained relatively high margins, ranging between 17% and 21%, indicating profitable operations. A decline was evident by 2009, with margins dropping to around 12%, followed by a slight recovery and an exceptional peak of nearly 30% in 2011, correlating with elevated net income figures. Subsequent years saw declining margins, including negative values from 2016 onwards, reflecting periods of operational losses and inefficiencies. The extreme margin of 56.9% in 2017 aligns with the spike in net income, whereas the following years witnessed severe negative margins, down to nearly -36% in 2020, signaling significant profitability issues despite high sales.
Summary Insights
The analysis reveals a pattern where increasing sales do not consistently translate into profitability, particularly from 2016 forward. The company experienced dramatic profit swings, with net income and margins oscillating between high profits and significant losses. The surge in sales from 2017 to 2021 contrasts with declining profitability metrics during the same period, possibly indicating rising costs, impaired operational efficiency, or market challenges not offset by revenue growth. The volatility in net income and margin, especially the recurring losses in recent years, suggests a need for strategic review to stabilize earnings and improve cost management.

Comparison to Competitors

EQT Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel
EQT Corp. Chevron Corp. ConocoPhillips Exxon Mobil Corp.
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Oil, Gas & Consumable Fuels)

EQT Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel
EQT Corp. Oil, Gas & Consumable Fuels
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Energy)

EQT Corp., net profit margin, long-term trends, comparison to industry (energy)

Microsoft Excel
EQT Corp. Energy
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 31, 2007
Dec 31, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).