EQT Corporation (EQT)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	685,296	626,568	924,215	886,251	2,314,411	3,911,474	4,820,253	6,217,146	2,717,996	2,855,566	-678,550	-3,258,090	-1,360,975	-3,672,242	-1,822,907	-992,179	-877,666	-2,485,819	-1,887,153	-1,204,211
Revenue (ttm)	US$ in thousands	5,273,312	5,691,582	5,593,882	5,660,120	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
Operating profit margin		13.00%	11.01%	16.52%	15.66%	33.50%	46.87%	52.23%	57.90%	25.73%	26.14%	-6.38%	-35.46%	-17.79%	-72.51%	-52.80%	-34.19%	-28.69%	-88.22%	-52.46%	-27.49%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $685,296K ÷ $5,273,312K
= 13.00%

The operating profit margin of EQT Corporation has shown significant fluctuations over the periods provided in the data. In the earlier periods, from March 2020 to September 2021, the company experienced negative operating profit margins, indicating that its operating expenses were surpassing its operating income. However, from March 2022 onwards, there has been a steady improvement in the operating profit margin, with the company moving into positive territory.

The company's operating profit margin improved notably from September 2022, where it turned positive and continued to increase steadily through December 2024. This positive trend suggests that EQT Corporation has been able to effectively manage its operating expenses in relation to its operating income, leading to higher profitability.

Overall, the data reflects a period of operational challenges for EQT Corporation followed by a successful recovery and improved financial performance, as indicated by the positive trend in operating profit margins starting from March 2022. This positive trajectory is a positive indicator of the company's operational efficiency and financial health.