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.

Operating Profit Margin
since 2005

Microsoft Excel

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Calculation

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

Microsoft Excel
Operating profit margin = 100 × Operating income (loss)1 ÷ 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 × ÷
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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

Operating Income (Loss)
The operating income displayed notable fluctuations over the analyzed period. Starting at approximately $344 million in 2005, it experienced general growth with peaks in 2011 and 2017 at around $861 million and $933 million respectively. However, significant declines were observed starting 2014, turning negative in 2016 with a loss of $278 million. The largest losses occurred in 2018 and 2019, exceeding negative $2.7 billion and negative $1.1 billion respectively. The trend continued with substantial operating losses through 2021, though slightly reduced compared to earlier losses.
Sales of Natural Gas, Natural Gas Liquids, and Oil
Sales revenues followed an overall upward trajectory with variability. Initial sales in 2005 were near $1.25 billion, rising steadily to above $2.1 billion by 2014. Despite a moderate drop in 2015 and 2016, sales surged significantly in 2017 and peaked at over $4.6 billion in 2018. After a slight decline during 2019 and 2020, a notable increase occurred again in 2021, reaching over $6.8 billion. This indicates considerable volatility but with an overall strong growth trend in sales volumes or prices.
Operating Profit Margin
The operating profit margin mirrored the volatility seen in operating income, fluctuating substantially across years. Margins were relatively stable and positive from 2005 to 2014, reaching highs above 50% in 2011. A drastic drop occurred beginning 2015, turning negative at -17.45%, followed by a sharp decline in 2018 to -59.27%. Margins remained negative through 2021, although the degree of negative returns moderated somewhat by the end of the period. This suggests profitability challenges despite increasing sales.
Overall Insights
The data reveals that while sales revenue increased significantly over the years, the company struggled with profitability, particularly starting in 2015. Operating income losses during the latter years indicate rising costs or other adverse factors impacting operating efficiency. The dramatic swings in operating profit margin reflect the company's challenges to maintain profit margins amid fluctuating market conditions. The combination of rising sales with sharp declines in operating profit suggests operational inefficiencies or external pressures affecting the core business profitability.