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EQT ROE %

: 41.34% (As of Jun. 2022)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. EQT's annualized net income attributable to common stockholders for the quarter that ended in Jun. 2022 was $3,565 Mil. EQT's average Total Stockholders Equity over the quarter that ended in Jun. 2022 was $8,625 Mil. Therefore, EQT's annualized ROE % for the quarter that ended in Jun. 2022 was 41.34%.

The historical rank and industry rank for EQT's ROE % or its related term are showing as below:

EQT' s ROE % Range Over the Past 10 Years
Min: -18.49   Med: -3.26   Max: 15.73
Current: -9.17

During the past 13 years, EQT's highest ROE % was 15.73%. The lowest was -18.49%. And the median was -3.26%.

EQT's ROE % is ranked worse than
74.44% of 986 companies
in the Oil & Gas industry
Industry Median: 6.47 vs EQT: -9.17

EQT ROE % Historical Data

The historical data trend for EQT's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

EQT Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.73 -18.49 -11.77 -10.15 -11.99

EQT Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -42.64 -95.77 78.84 -66.57 41.34

Competitive Comparison

For the Oil & Gas E&P subindustry, EQT's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

EQT ROE % Distribution

For the Oil & Gas industry and Energy sector, EQT's ROE % distribution charts can be found below:

* The bar in red indicates where EQT's ROE % falls into.



EQT ROE % Calculation

EQT's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=-1155.759/( (9255.24+10029.527)/ 2 )
=-1155.759/9642.3835
=-11.99 %

EQT's annualized ROE % for the quarter that ended in Jun. 2022 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Jun. 2022 )/( (Total Stockholders Equity (Q: Mar. 2022 )+Total Stockholders Equity (Q: Jun. 2022 ))/ count )
=3565.444/( (8188.673+9061.187)/ 2 )
=3565.444/8624.93
=41.34 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


EQT  (NYSE:EQT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=3565.444/8624.93
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(3565.444 / 13490.412)*(13490.412 / 22218.1375)*(22218.1375 / 8624.93)
=Net Margin %*Asset Turnover*Equity Multiplier
=26.43 %*0.6072*2.576
=ROA %*Equity Multiplier
=16.05 %*2.576
=41.34 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Jun. 2022 )
=Net Income/Total Stockholders Equity
=3565.444/8624.93
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (3565.444 / 4809.832) * (4809.832 / 9012.252) * (9012.252 / 13490.412) * (13490.412 / 22218.1375) * (22218.1375 / 8624.93)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7413 * 0.5337 * 66.8 % * 0.6072 * 2.576
=41.34 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Jun. 2022) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Jun. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


EQT ROE % Related Terms

Thank you for viewing the detailed overview of EQT's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


EQT Business Description

EQT logo
Address
625 Liberty Avenue, EQT Plaza, Suite 1700, Pittsburgh, PA, USA, 15222
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
Executives
Hu Frank C. director 625 LIBERTY AVE. SUITE 1700 PITTSBURGH PA 15222
Khani David M. officer: Chief Financial Officer 625 LIBERTY AVE. SUITE 1700 PITTSBURGH PA 15222
James Todd officer: Chief Accounting Officer 625 LIBERTY AVENUE SUITE 1700 PITTSBURGH PA 15222
Derham Kyle officer: Interim Chf Financial Officer 625 LIBERTY AVENUE SUITE 1700 PITTSBURGH PA 15222
Evancho Lesley officer: Chief Human Resources Officer 625 LIBERTY AVENUE SUITE 1700 PITTSBURGH PA 15222
Duran Richard A officer: Chief Information Officer 625 LIBERTY AVENUE SUITE 1700 PITTSBURGH PA 15222
Carrig Janet director ONE SOUTH WACKER DRIVE SUITE 3200 CHICAGO IL 60606
Rice Toby Z. director, officer: President & CEO 400 WOODCLIFF DRIVE CANONSBURG PA 15317
Jackson Kathryn Jean director 121 SW SALMON STREET PORTLAND OR 97204
Vanderhider Hallie A. director 600 TRAVIS STREET, SUITE 3250 HOUSTON TX 77002
Mcmanus J T director 605 RICHARD ARRINGTON JR BLVD N BIRMINGHAM AL 35203-2707
Canaan Lee M director 20101 HOOVER RD DETROIT MI 48205
Jordan William E. officer: EVP and General Counsel 400 WOODCLIFF DRIVE CANONSBURG PA 15317
Mccartney John director US ROBOTICS INC 8100 MCCORMICK BLVD SKOKIE IL 60076
Beebe Lydia I director 13403 NORTHWEST FREEWAY HOUSTON TX 77040

EQT Headlines

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