Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
EQT Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | EQT Corp. operating profit margin ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | EQT Corp. net profit margin ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | EQT Corp. ROE improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
| ROA | A profitability ratio calculated as net income divided by total assets. | EQT Corp. ROA improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Operating Profit Margin
EQT Corp., operating profit margin calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||
| Operating income (loss) | 924,586) | 1,361,901) | (1,888,266) | 2,457,347) | (2,609,526) | (1,217,641) | 8,845) | 146,083) | (760,195) | (386,912) | 123,358) | (1,462,067) | (161,529) | 296,030) | 175,456) | (570,691) | (147,451) | (114,650) | (1,950,332) | ||||||
| Sales of natural gas, natural gas liquids and oil | 3,694,194) | 3,365,211) | 2,486,624) | 2,811,115) | 1,784,050) | 1,077,904) | 1,130,951) | 837,334) | 598,992) | 498,772) | 715,201) | 849,647) | 769,627) | 900,527) | 1,271,613) | 1,430,791) | 1,046,989) | 991,365) | 1,226,374) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Operating profit margin1 | 23.11% | -6.50% | -39.93% | -20.00% | -76.03% | -50.01% | -32.36% | -33.12% | -93.36% | -66.61% | -37.22% | -30.39% | -5.96% | -5.30% | -13.87% | -59.27% | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 21.03% | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | -6.22% | -13.16% | -8.42% | 5.08% | 4.83% | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 37.27% | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | -12.74% | 0.02% | 16.39% | 20.41% | 32.04% | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 18.60% | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | -14.85% | 3.17% | 5.30% | 7.05% | 8.66% | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 10.70% | 8.25% | 4.29% | 3.58% | 2.84% | 0.59% | 0.18% | -17.55% | -14.23% | -9.03% | -6.15% | 4.50% | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 38.11% | 34.71% | 25.87% | 17.59% | 4.22% | -23.09% | -79.26% | -79.89% | -69.22% | -47.38% | -5.23% | 3.17% | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 7.62% | 6.36% | 3.17% | 1.87% | 0.07% | -1.54% | 0.05% | -2.43% | 0.83% | 2.43% | 1.18% | 3.54% | — | — | — | — | — | — | — | ||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2022 Calculation
Operating profit margin = 100
× (Operating income (loss)Q3 2022
+ Operating income (loss)Q2 2022
+ Operating income (loss)Q1 2022
+ Operating income (loss)Q4 2021)
÷ (Sales of natural gas, natural gas liquids and oilQ3 2022
+ Sales of natural gas, natural gas liquids and oilQ2 2022
+ Sales of natural gas, natural gas liquids and oilQ1 2022
+ Sales of natural gas, natural gas liquids and oilQ4 2021)
= 100 × (924,586 + 1,361,901 + -1,888,266 + 2,457,347)
÷ (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115)
= 23.11%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | EQT Corp. operating profit margin ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Net Profit Margin
EQT Corp., net profit margin calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | 683,670) | 891,361) | (1,516,048) | 1,801,333) | (1,980,117) | (936,457) | (40,518) | 63,688) | (600,640) | (263,075) | (167,139) | (1,176,924) | (361,028) | 125,566) | 190,691) | (636,687) | (39,693) | 17,806) | (1,585,994) | ||||||
| Sales of natural gas, natural gas liquids and oil | 3,694,194) | 3,365,211) | 2,486,624) | 2,811,115) | 1,784,050) | 1,077,904) | 1,130,951) | 837,334) | 598,992) | 498,772) | 715,201) | 849,647) | 769,627) | 900,527) | 1,271,613) | 1,430,791) | 1,046,989) | 991,365) | 1,226,374) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| Net profit margin1 | 15.05% | -7.69% | -32.25% | -16.99% | -59.90% | -41.53% | -27.41% | -36.49% | -82.92% | -69.47% | -48.83% | -32.22% | -15.58% | -7.74% | -9.87% | -47.80% | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | -11.02% | -7.57% | 2.86% | 2.09% | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 24.06% | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | -5.76% | 9.43% | 12.23% | 22.07% | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 13.41% | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | -12.57% | 1.70% | 3.35% | 4.57% | 5.61% | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 6.92% | 5.13% | 8.00% | 8.12% | 9.01% | 8.74% | -1.19% | -14.08% | -11.66% | -7.96% | -5.59% | 2.13% | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -78.62% | -83.28% | -74.55% | -56.15% | -14.39% | -3.27% | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 5.53% | 4.54% | 1.93% | 0.82% | -0.46% | -1.69% | -0.43% | -2.19% | 0.00% | 1.22% | 0.41% | 2.24% | — | — | — | — | — | — | — | ||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2022 Calculation
Net profit margin = 100
× (Net income (loss) attributable to EQT CorporationQ3 2022
+ Net income (loss) attributable to EQT CorporationQ2 2022
+ Net income (loss) attributable to EQT CorporationQ1 2022
+ Net income (loss) attributable to EQT CorporationQ4 2021)
÷ (Sales of natural gas, natural gas liquids and oilQ3 2022
+ Sales of natural gas, natural gas liquids and oilQ2 2022
+ Sales of natural gas, natural gas liquids and oilQ1 2022
+ Sales of natural gas, natural gas liquids and oilQ4 2021)
= 100 × (683,670 + 891,361 + -1,516,048 + 1,801,333)
÷ (3,694,194 + 3,365,211 + 2,486,624 + 2,811,115)
= 15.05%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | EQT Corp. net profit margin ratio improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Return on Equity (ROE)
EQT Corp., ROE calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | 683,670) | 891,361) | (1,516,048) | 1,801,333) | (1,980,117) | (936,457) | (40,518) | 63,688) | (600,640) | (263,075) | (167,139) | (1,176,924) | (361,028) | 125,566) | 190,691) | (636,687) | (39,693) | 17,806) | (1,585,994) | ||||||
| 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) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROE1 | 19.34% | -8.87% | -32.13% | -11.52% | -35.08% | -18.26% | -9.12% | -10.45% | -24.96% | -20.85% | -16.40% | -12.46% | -6.25% | -3.20% | -4.20% | -20.48% | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||||
| ROE, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 21.53% | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | -4.21% | -8.72% | -6.49% | 2.69% | 2.03% | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | -3.93% | 7.29% | 11.55% | 20.55% | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | 1.87% | 3.98% | 6.25% | 7.48% | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 45.50% | 31.12% | 45.16% | 37.16% | 32.71% | 26.52% | -3.86% | -44.26% | -43.06% | -32.38% | -27.36% | 7.83% | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 44.97% | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -70.84% | -79.85% | -74.81% | -51.73% | -10.58% | -1.95% | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 43.01% | 33.72% | 13.49% | 5.05% | -2.51% | -7.73% | -1.54% | -7.56% | -0.01% | 5.40% | 2.28% | 11.11% | — | — | — | — | — | — | — | ||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2022 Calculation
ROE = 100
× (Net income (loss) attributable to EQT CorporationQ3 2022
+ Net income (loss) attributable to EQT CorporationQ2 2022
+ Net income (loss) attributable to EQT CorporationQ1 2022
+ Net income (loss) attributable to EQT CorporationQ4 2021)
÷ Common shareholders’ equity
= 100 × (683,670 + 891,361 + -1,516,048 + 1,801,333)
÷ 9,618,962 = 19.34%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | EQT Corp. ROE improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |
Return on Assets (ROA)
EQT Corp., ROA calculation (quarterly data)
| 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||||||||||||||||||||
| Net income (loss) attributable to EQT Corporation | 683,670) | 891,361) | (1,516,048) | 1,801,333) | (1,980,117) | (936,457) | (40,518) | 63,688) | (600,640) | (263,075) | (167,139) | (1,176,924) | (361,028) | 125,566) | 190,691) | (636,687) | (39,693) | 17,806) | (1,585,994) | ||||||
| Total assets | 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) | ||||||
| Profitability Ratio | |||||||||||||||||||||||||
| ROA1 | 8.25% | -3.55% | -12.06% | -5.35% | -12.57% | -7.97% | -4.66% | -5.34% | -12.56% | -10.93% | -8.48% | -6.50% | -3.38% | -1.76% | -2.30% | -10.83% | — | — | — | ||||||
| Benchmarks | |||||||||||||||||||||||||
| ROA, Competitors2 | |||||||||||||||||||||||||
| Chevron Corp. | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | -5.15% | -3.89% | 1.64% | 1.23% | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 19.04% | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | -4.31% | -1.91% | 3.64% | 5.56% | 10.20% | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | 0.93% | 1.98% | 3.20% | 3.95% | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 13.34% | 8.46% | 11.90% | 11.41% | 10.36% | 8.13% | -0.96% | -11.54% | -11.51% | -9.09% | -7.63% | 2.68% | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 17.90% | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.34% | -18.52% | -17.60% | -13.50% | -3.26% | -0.61% | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 15.88% | 10.99% | 4.20% | 1.61% | -0.80% | -2.46% | -0.51% | -2.74% | 0.00% | 2.18% | 0.90% | 4.50% | — | — | — | — | — | — | — | ||||||
Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
1 Q3 2022 Calculation
ROA = 100
× (Net income (loss) attributable to EQT CorporationQ3 2022
+ Net income (loss) attributable to EQT CorporationQ2 2022
+ Net income (loss) attributable to EQT CorporationQ1 2022
+ Net income (loss) attributable to EQT CorporationQ4 2021)
÷ Total assets
= 100 × (683,670 + 891,361 + -1,516,048 + 1,801,333)
÷ 22,541,137 = 8.25%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | EQT Corp. ROA improved from Q1 2022 to Q2 2022 and from Q2 2022 to Q3 2022. |