EQT (EQT) Revenue — Quarter Ended Mar 31, 2023
Revenue for the most recent quarter increased compared to the prior quarter but decreased compared to the same quarter last year. The company's sales of natural gas, natural gas liquids, and oil were lower than the prior year period.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the most recent quarter increased compared to the prior quarter but decreased compared to the same quarter last year. The company's sales of natural gas, natural gas liquids, and oil were lower than the prior year period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
+189.4%
Change from the immediately preceding quarter.
Year-over-year
-26.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.4B | +212.2% |
| Sep 30, 2022 | $3.7B | +107.1% |
| Dec 31, 2022 | -$2B | -172.9% |
| Mar 31, 2023 | $1.8B | -26.4% |
Revenue performance
Revenue declined from the same quarter a year earlier, reflecting the lower sales of natural gas and related products.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Compared to the same quarter one year earlier, it fell.
What to watch
The company's derivative gains and losses continue to be a significant factor in its overall operating results.