Return on Equity (ROE)
since 2005
Calculation
EQT Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to EQT Corporation1 | ÷ | Common shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | -11.52% | = | 100 | × | (1,155,759) | ÷ | 10,029,527) |
| Dec 31, 2020 | -10.45% | = | 100 | × | (967,166) | ÷ | 9,255,240) |
| Dec 31, 2019 | -12.46% | = | 100 | × | (1,221,695) | ÷ | 9,803,588) |
| Dec 31, 2018 | -20.48% | = | 100 | × | (2,244,568) | ÷ | 10,958,229) |
| Dec 31, 2017 | 11.33% | = | 100 | × | 1,508,529) | ÷ | 13,319,618) |
| Dec 31, 2016 | -7.73% | = | 100 | × | (452,983) | ÷ | 5,860,281) |
| Dec 31, 2015 | 1.68% | = | 100 | × | 85,171) | ÷ | 5,077,791) |
| Dec 31, 2014 | 8.44% | = | 100 | × | 386,965) | ÷ | 4,582,815) |
| Dec 31, 2013 | 9.68% | = | 100 | × | 390,572) | ÷ | 4,034,788) |
| Dec 31, 2012 | 5.09% | = | 100 | × | 183,395) | ÷ | 3,603,820) |
| Dec 31, 2011 | 13.35% | = | 100 | × | 479,769) | ÷ | 3,593,830) |
| Dec 31, 2010 | 7.40% | = | 100 | × | 227,700) | ÷ | 3,078,696) |
| Dec 31, 2009 | 7.30% | = | 100 | × | 156,929) | ÷ | 2,151,030) |
| Dec 31, 2008 | 12.47% | = | 100 | × | 255,604) | ÷ | 2,050,093) |
| Dec 31, 2007 | 23.46% | = | 100 | × | 257,483) | ÷ | 1,097,472) |
| Dec 31, 2006 | 23.28% | = | 100 | × | 220,286) | ÷ | 946,280) |
| Dec 31, 2005 | 73.36% | = | 100 | × | 260,055) | ÷ | 354,468) |
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 EQT Corporation from 2005 to 2021 is characterized by a significant long-term erosion of return on equity (ROE), transitioning from exceptionally high initial yields to a period of sustained negative returns.
- Early Performance and Initial Decline (2005–2015)
- A period of rapid contraction in ROE is observed between 2005 and 2015. The ROE began at a peak of 73.36% in 2005 before declining sharply to 23.28% in 2006. While it remained relatively stable through 2007, a downward trajectory continued over the following years, reaching 1.68% by 2015. This decline occurred despite a consistent increase in common shareholders' equity, which grew from approximately 354 million USD in 2005 to over 5 billion USD in 2015, suggesting that net income growth failed to keep pace with the expansion of the equity base.
- Volatility and Profitability Instability (2016–2017)
- The period following 2015 was marked by extreme volatility. In 2016, the company experienced its first recorded net loss in the sequence, resulting in a negative ROE of -7.73%. This was followed by a sharp recovery in 2017, where net income spiked to approximately 1.5 billion USD and common shareholders' equity more than doubled to over 13 billion USD, bringing the ROE back to a positive 11.33%.
- Sustained Negative Returns (2018–2021)
- From 2018 through 2021, a pattern of persistent negative returns emerged. A significant downturn occurred in 2018, with ROE dropping to -20.48% due to a net loss of approximately 2.2 billion USD. Although the magnitude of the losses fluctuated in subsequent years, the ROE remained negative through 2021, ending the period at -11.52%. This indicates a prolonged inability to generate positive returns on shareholder investments during the final four years of the analyzed timeframe.
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Comparison to Competitors
EQT Corp., ROE, long-term trends, comparison to competitors
| EQT Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | |
|---|---|---|---|---|
| Dec 31, 2021 | -11.52% | 11.24% | 17.79% | 13.67% |
| Dec 31, 2020 | -10.45% | -4.21% | -9.05% | -14.28% |
| Dec 31, 2019 | -12.46% | 2.03% | 20.55% | 7.48% |
| Dec 31, 2018 | -20.48% | 9.59% | 19.59% | 10.87% |
| Dec 31, 2017 | 11.33% | 6.21% | -2.79% | 10.50% |
| Dec 31, 2016 | -7.73% | -0.34% | -10.34% | 4.69% |
| Dec 31, 2015 | 1.68% | 3.00% | -11.14% | 9.45% |
| Dec 31, 2014 | 8.44% | 12.41% | 13.23% | 18.65% |
| Dec 31, 2013 | 9.68% | 14.37% | 17.58% | 18.72% |
| Dec 31, 2012 | 5.09% | 19.18% | 17.56% | 27.06% |
| Dec 31, 2011 | 13.35% | 22.16% | 19.07% | 26.59% |
| Dec 31, 2010 | 7.40% | 18.10% | 16.57% | 20.74% |
| Dec 31, 2009 | 7.30% | 11.41% | 7.78% | 17.44% |
| Dec 31, 2008 | 12.47% | 27.62% | -30.81% | 40.03% |
| Dec 31, 2007 | 23.46% | 24.24% | 13.36% | 33.35% |
| Dec 31, 2006 | 23.28% | 24.86% | 18.82% | 34.70% |
| Dec 31, 2005 | 73.36% | 22.50% | 25.66% | 32.50% |
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., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| EQT Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2021 | -11.52% | 13.24% |
| Dec 31, 2020 | -10.45% | -9.63% |
| Dec 31, 2019 | -12.46% | 6.59% |
| Dec 31, 2018 | -20.48% | 11.08% |
| Dec 31, 2017 | 11.33% | 7.66% |
| Dec 31, 2016 | -7.73% | 1.07% |
| Dec 31, 2015 | 1.68% | 4.49% |
| Dec 31, 2014 | 8.44% | 15.37% |
| Dec 31, 2013 | 9.68% | 16.83% |
| Dec 31, 2012 | 5.09% | 22.69% |
| Dec 31, 2011 | 13.35% | 23.57% |
| Dec 31, 2010 | 7.40% | 18.98% |
| Dec 31, 2009 | 7.30% | 13.07% |
| Dec 31, 2008 | 12.47% | 20.47% |
| Dec 31, 2007 | 23.46% | 24.73% |
| Dec 31, 2006 | 23.28% | 27.20% |
| Dec 31, 2005 | 73.36% | 28.14% |
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., ROE, long-term trends, comparison to industry (energy)
| EQT Corp. | Energy | |
|---|---|---|
| Dec 31, 2021 | -11.52% | 13.21% |
| Dec 31, 2020 | -10.45% | -12.46% |
| Dec 31, 2019 | -12.46% | 3.63% |
| Dec 31, 2018 | -20.48% | 10.63% |
| Dec 31, 2017 | 11.33% | 6.58% |
| Dec 31, 2016 | -7.73% | 0.52% |
| Dec 31, 2015 | 1.68% | 4.61% |
| Dec 31, 2014 | 8.44% | 15.28% |
| Dec 31, 2013 | 9.68% | 16.85% |
| Dec 31, 2012 | 5.09% | 22.06% |
| Dec 31, 2011 | 13.35% | 22.94% |
| Dec 31, 2010 | 7.40% | 18.51% |
| Dec 31, 2009 | 7.30% | 13.29% |
| Dec 31, 2008 | 12.47% | 21.20% |
| Dec 31, 2007 | 23.46% | 25.23% |
| Dec 31, 2006 | 23.28% | 27.51% |
| Dec 31, 2005 | 73.36% | 28.17% |
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).