Net Profit Margin
since 2005
Calculation
EQT Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to EQT Corporation1 | ÷ | Sales of natural gas, natural gas liquids and oil1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | -16.99% | = | 100 | × | (1,155,759) | ÷ | 6,804,020) |
| Dec 31, 2020 | -36.49% | = | 100 | × | (967,166) | ÷ | 2,650,299) |
| Dec 31, 2019 | -32.22% | = | 100 | × | (1,221,695) | ÷ | 3,791,414) |
| Dec 31, 2018 | -47.80% | = | 100 | × | (2,244,568) | ÷ | 4,695,519) |
| Dec 31, 2017 | 56.90% | = | 100 | × | 1,508,529) | ÷ | 2,651,318) |
| Dec 31, 2016 | -28.40% | = | 100 | × | (452,983) | ÷ | 1,594,997) |
| Dec 31, 2015 | 5.04% | = | 100 | × | 85,171) | ÷ | 1,690,360) |
| Dec 31, 2014 | 18.15% | = | 100 | × | 386,965) | ÷ | 2,132,409) |
| Dec 31, 2013 | 22.84% | = | 100 | × | 390,572) | ÷ | 1,710,245) |
| Dec 31, 2012 | 11.17% | = | 100 | × | 183,395) | ÷ | 1,641,608) |
| Dec 31, 2011 | 29.26% | = | 100 | × | 479,769) | ÷ | 1,639,934) |
| Dec 31, 2010 | 17.21% | = | 100 | × | 227,700) | ÷ | 1,322,708) |
| Dec 31, 2009 | 12.36% | = | 100 | × | 156,929) | ÷ | 1,269,827) |
| Dec 31, 2008 | 16.21% | = | 100 | × | 255,604) | ÷ | 1,576,488) |
| Dec 31, 2007 | 18.91% | = | 100 | × | 257,483) | ÷ | 1,361,406) |
| Dec 31, 2006 | 17.37% | = | 100 | × | 220,286) | ÷ | 1,267,910) |
| Dec 31, 2005 | 20.74% | = | 100 | × | 260,055) | ÷ | 1,253,724) |
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
The financial performance of the entity from 2005 to 2021 is characterized by a distinct transition from stable, positive profitability to a period of extreme volatility and sustained net losses. While revenue grew significantly over the sixteen-year period, the net profit margin exhibited an increasingly unstable trajectory, particularly after 2014.
- Early Profitability and Stability (2005–2014)
- Between 2005 and 2014, the net profit margin remained consistently positive, generally fluctuating between 11% and 29%. The highest margin during this phase was achieved in 2011 at 29.26%. During this decade, net income tracked relatively closely with sales, indicating a manageable cost structure relative to revenue generation.
- Period of High Volatility (2015–2017)
- A significant shift in profitability occurred starting in 2015, when the net profit margin dropped to 5.04%. This was followed by a sharp decline into negative territory in 2016, reaching -28.40%. A notable anomaly occurred in 2017, where the margin surged to a peak of 56.90%, the highest in the observed period, despite the preceding loss. This suggests the impact of non-recurring items or significant accounting adjustments rather than a sustainable operational trend.
- Sustained Operational Losses (2018–2021)
- From 2018 through 2021, the entity experienced a consistent trend of negative net profit margins. The margin reached its lowest point in 2018 at -47.80% and remained negative through 2021, ending at -16.99%. This period is marked by a decoupling of revenue and profitability; although sales increased substantially, peaking at over 6.8 billion USD in 2021, the company was unable to translate this growth into positive net income.
- Revenue and Margin Divergence
- A comparative analysis of sales and margins reveals that while the scale of operations expanded—with sales increasing from approximately 1.25 billion USD in 2005 to 6.8 billion USD in 2021—the efficiency of converting those sales into profit deteriorated. The expansion in revenue did not mitigate the losses incurred in the final four years of the data set, indicating that expenses grew at a rate exceeding revenue growth during the latter stage of the analysis.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
EQT Corp., net profit margin, long-term trends, comparison to competitors
| EQT Corp. | Chevron Corp. | ConocoPhillips | ExxonMobil Holdings Corp. | |
|---|---|---|---|---|
| Dec 31, 2021 | -16.99% | 10.04% | 17.63% | 8.33% |
| Dec 31, 2020 | -36.49% | -5.87% | -14.38% | -12.57% |
| Dec 31, 2019 | -32.22% | 2.09% | 22.07% | 5.61% |
| Dec 31, 2018 | -47.80% | 9.33% | 17.18% | 7.46% |
| Dec 31, 2017 | 56.90% | 6.83% | -2.94% | 8.31% |
| Dec 31, 2016 | -28.40% | -0.45% | -15.26% | 3.59% |
| Dec 31, 2015 | 5.04% | 3.53% | -14.98% | 6.22% |
| Dec 31, 2014 | 18.15% | 9.60% | 13.08% | 8.25% |
| Dec 31, 2013 | 22.84% | 9.73% | 16.83% | 7.74% |
| Dec 31, 2012 | 11.17% | 11.35% | 14.54% | 9.90% |
| Dec 31, 2011 | 29.26% | 11.01% | 5.08% | 8.79% |
| Dec 31, 2010 | 17.21% | 9.60% | 6.00% | 8.23% |
| Dec 31, 2009 | 12.36% | 6.26% | 3.25% | 6.39% |
| Dec 31, 2008 | 16.21% | 9.03% | -7.06% | 9.84% |
| Dec 31, 2007 | 18.91% | 8.73% | 6.34% | 10.40% |
| Dec 31, 2006 | 17.37% | 8.36% | 8.47% | 10.81% |
| Dec 31, 2005 | 20.74% | 7.28% | 7.54% | 10.07% |
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)
| EQT Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | -16.99% | 9.78% |
| Dec 31, 2020 | -36.49% | -10.51% |
| Dec 31, 2019 | -32.22% | 5.71% |
| Dec 31, 2018 | -47.80% | 8.83% |
| Dec 31, 2017 | 56.90% | 7.00% |
| Dec 31, 2016 | -28.40% | 1.06% |
| Dec 31, 2015 | 5.04% | 3.89% |
| Dec 31, 2014 | 18.15% | 9.06% |
| Dec 31, 2013 | 22.84% | 9.08% |
| Dec 31, 2012 | 11.17% | 10.72% |
| Dec 31, 2011 | 29.26% | 8.41% |
| Dec 31, 2010 | 17.21% | 8.03% |
| Dec 31, 2009 | 12.36% | 5.60% |
| Dec 31, 2008 | 16.21% | 5.40% |
| Dec 31, 2007 | 18.91% | 8.99% |
| Dec 31, 2006 | 17.37% | 9.57% |
| Dec 31, 2005 | 20.74% | 8.71% |
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)
| EQT Corp. | Energy | |
|---|---|---|
| Dec 31, 2021 | -16.99% | 9.70% |
| Dec 31, 2020 | -36.49% | -13.06% |
| Dec 31, 2019 | -32.22% | 3.11% |
| Dec 31, 2018 | -47.80% | 8.68% |
| Dec 31, 2017 | 56.90% | 6.15% |
| Dec 31, 2016 | -28.40% | 0.54% |
| Dec 31, 2015 | 5.04% | 4.04% |
| Dec 31, 2014 | 18.15% | 9.21% |
| Dec 31, 2013 | 22.84% | 9.44% |
| Dec 31, 2012 | 11.17% | 10.84% |
| Dec 31, 2011 | 29.26% | 8.58% |
| Dec 31, 2010 | 17.21% | 8.29% |
| Dec 31, 2009 | 12.36% | 5.89% |
| Dec 31, 2008 | 16.21% | 5.80% |
| Dec 31, 2007 | 18.91% | 9.37% |
| Dec 31, 2006 | 17.37% | 9.82% |
| Dec 31, 2005 | 20.74% | 8.84% |
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).