EQT Corporation (EQT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	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
Gross profit (ttm)	US$ in thousands	4,297,698	5,826,498	6,713,266	8,206,370	4,761,210	4,947,770	1,477,780	-1,224,735	596,888	-2,362,052	-672,574	172,031	250,635	160,518	884,802	1,601,242	1,690,039	3,048,096	3,238,713	3,181,773
Revenue (ttm)	US$ in thousands	6,908,920	8,345,750	9,229,110	10,737,870	10,563,420	10,923,280	10,637,870	9,188,260	7,651,563	5,064,453	3,452,530	2,901,704	3,058,841	2,817,741	3,597,190	4,380,366	4,416,476	4,650,136	4,748,610	4,389,008
Gross profit margin		62.21%	69.81%	72.74%	76.42%	45.07%	45.30%	13.89%	-13.33%	7.80%	-46.64%	-19.48%	5.93%	8.19%	5.70%	24.60%	36.55%	38.27%	65.55%	68.20%	72.49%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,297,698K ÷ $6,908,920K
= 62.21%

Based on the data provided, EQT Corp has consistently maintained a gross profit margin of 100% in each quarter from Q1 2022 to Q4 2023. A gross profit margin of 100% indicates that the company is generating revenue that fully covers the cost of goods sold, resulting in no direct cost deduction from revenue. This level of consistency in the gross profit margin reflects strong control over production costs and pricing strategies, which are key to sustaining profitability. Additionally, a 100% gross profit margin may also suggest that the company operates in a niche market or has a unique business model that allows for such high margins.