EQT Historical Income Statement
EQT Stock | USD 37.07 1.00 2.77% |
Historical analysis of EQT income statement accounts such as Total Revenue of 5.3 B or Gross Profit of 836 M can show how well EQT Corporation performed in making a profits. Evaluating EQT income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of EQT's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining EQT Corporation latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether EQT Corporation is a good buy for the upcoming year.
EQT |
About EQT Income Statement Analysis
EQT Corporation Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to EQT shareholders. The income statement also shows EQT investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
EQT Income Statement Chart
EQT Corporation Income Statement is one of the three primary financial statements used for reporting EQT's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of EQT Corporation revenue and expense. EQT Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, EQT's Total Other Income Expense Net is comparatively stable compared to the past year. Net Income is likely to gain to about 1.8 B in 2024, whereas Total Operating Expenses is likely to drop slightly above 255.4 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts EQT Corporation generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of EQT Corporation. It is also known as EQT overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Cost Of Revenue
Cost of Revenue is found on EQT Corporation income statement and represents the costs associated with goods and services EQT provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Total Operating Expenses
The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.Most accounts from EQT's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into EQT Corporation current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EQT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. At this time, EQT's Total Other Income Expense Net is comparatively stable compared to the past year. Net Income is likely to gain to about 1.8 B in 2024, whereas Total Operating Expenses is likely to drop slightly above 255.4 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 290.8M | 313.4M | 267.3M | 255.4M | Cost Of Revenue | 3.8B | 4.1B | 4.1B | 4.4B |
EQT income statement Correlations
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EQT Account Relationship Matchups
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EQT income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 35.9M | 41.9M | 1.7B | 1.7B | 1.7B | 1.8B | |
Interest Expense | 199.9M | 271.2M | 308.9M | 249.7M | 219.7M | 230.6M | |
Total Revenue | 3.8B | 2.7B | 6.8B | 12.1B | 5.1B | 5.3B | |
Gross Profit | 318.7M | (627.0M) | 3.0B | 8.1B | 925.9M | 836.0M | |
Other Operating Expenses | 3.7B | 3.5B | 4.1B | 4.4B | 4.4B | 4.6B | |
Operating Income | 22.5M | (877.7M) | 961.8M | 6.0B | 2.3B | 2.4B | |
Ebit | 22.5M | (877.7M) | 961.8M | 6.0B | 658.6M | 384.8M | |
Ebitda | 58.4M | (835.8M) | 2.7B | 7.7B | 2.4B | 2.5B | |
Cost Of Revenue | 3.5B | 3.3B | 3.8B | 4.1B | 4.1B | 4.4B | |
Total Operating Expenses | 260.2M | 208.8M | 290.8M | 313.4M | 267.3M | 255.4M | |
Income Before Tax | (1.6B) | (1.3B) | (1.6B) | 2.3B | 2.1B | 2.2B | |
Total Other Income Expense Net | (1.6B) | (388.4M) | (2.6B) | (3.7B) | 1.7B | 1.7B | |
Net Income | (1.2B) | (967.2M) | (1.2B) | 1.8B | 1.7B | 1.8B | |
Income Tax Expense | (375.8M) | (298.9M) | (434.2M) | 553.7M | 369.0M | 387.4M | |
Selling General Administrative | 253.0M | 174.8M | 196.3M | 226.2M | 208.5M | 205.7M | |
Net Income Applicable To Common Shares | (1.2B) | (967.2M) | (1.2B) | 1.8B | 1.6B | 1.7B | |
Minority Interest | 7.5M | 10K | (1.2M) | 10.0M | (1.8M) | (1.7M) | |
Net Income From Continuing Ops | (1.2B) | (967.2M) | (1.2B) | 1.8B | 2.9B | 3.1B | |
Non Recurring | 1.2B | 140.9M | 3.3M | 209.2M | 240.6M | 468.2M | |
Non Operating Income Net Other | (245.5M) | (304.4M) | 81.2M | (133.7M) | (120.3M) | (114.3M) | |
Tax Provision | (375.8M) | (298.9M) | (434.2M) | 553.7M | 777.0M | 815.8M | |
Interest Income | 445.4M | 362.9M | 218.0M | 243.3M | 279.8M | 267.0M | |
Net Interest Income | (199.9M) | (271.2M) | (308.9M) | (249.7M) | (202.5M) | (212.6M) | |
Reconciled Depreciation | 1.6B | 1.4B | 1.7B | 1.7B | 1.6B | 1.7B |
Pair Trading with EQT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EQT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EQT will appreciate offsetting losses from the drop in the long position's value.Moving together with EQT Stock
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Moving against EQT Stock
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0.44 | VIST | Vista Oil Gas Financial Report 23rd of April 2024 | PairCorr |
The ability to find closely correlated positions to EQT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EQT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EQT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EQT Corporation to buy it.
The correlation of EQT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EQT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EQT Corporation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EQT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EQT Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in producer price index. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
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When running EQT's price analysis, check to measure EQT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EQT is operating at the current time. Most of EQT's value examination focuses on studying past and present price action to predict the probability of EQT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EQT's price. Additionally, you may evaluate how the addition of EQT to your portfolios can decrease your overall portfolio volatility.
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Is EQT's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EQT. If investors know EQT will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EQT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.74) | Dividend Share 0.608 | Earnings Share 4.22 | Revenue Per Share 13.059 | Quarterly Revenue Growth (0.47) |
The market value of EQT Corporation is measured differently than its book value, which is the value of EQT that is recorded on the company's balance sheet. Investors also form their own opinion of EQT's value that differs from its market value or its book value, called intrinsic value, which is EQT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EQT's market value can be influenced by many factors that don't directly affect EQT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EQT's value and its price as these two are different measures arrived at by different means. Investors typically determine if EQT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EQT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.