EQT Corporation (EQT)

Net 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
Net income (ttm)	US$ in thousands	1,735,234	2,945,159	3,547,574	4,505,561	1,770,961	1,863,731	-796,749	-2,621,370	-1,142,747	-2,875,442	-1,499,272	-829,087	-958,799	-2,207,774	-1,968,162	-1,579,521	-1,221,691	-681,458	-360,123	-467,883
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
Net profit margin		25.12%	35.29%	38.44%	41.96%	16.77%	17.06%	-7.49%	-28.53%	-14.93%	-56.78%	-43.43%	-28.57%	-31.35%	-78.35%	-54.71%	-36.06%	-27.66%	-14.65%	-7.58%	-10.66%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,735,234K ÷ $6,908,920K
= 25.12%

The net profit margin of EQT Corp has shown significant fluctuations over the past eight quarters, ranging from negative values to over 180%. In a positive trend, the net profit margin has generally been increasing from Q1 2022 to Q3 2023, with the exception of a significant drop in Q4 2022. The highest net profit margin was recorded in Q3 2023 at 180.84%, indicating a substantial increase in profitability. However, caution may be warranted given the volatility in the figures, such as the negative net profit margins experienced in Q2 2022 and Q1 2022. Further analysis of the underlying reasons for these fluctuations would be necessary to provide a more comprehensive assessment of EQT Corp's financial performance.