EQT Corporation (EQT)

Operating 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
Operating income (ttm)	US$ in thousands	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	-1,152,113	-260,734	-246,656	-657,336
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
Operating profit margin		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%	-26.09%	-5.61%	-5.19%	-14.98%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,314,411K ÷ $6,908,920K
= 33.50%

EQT Corp's operating profit margin has exhibited significant variation over the past 8 quarters. In Q3 2023, the operating profit margin was exceptionally high at 252.44%, indicating that the company was able to generate a substantial amount of profit from its operations relative to its revenue during that period. This sharp increase in operating profit margin from the previous quarter could be due to various factors such as increased operational efficiency, cost management, or revenue growth.

However, it is important to note that in Q2 2023, although the operating profit margin was also relatively high at 116.57%, it decreased compared to Q3 2023. This could indicate that the company's profitability from operations declined during this period.

Overall, EQT Corp's operating profit margin has shown notable volatility, with some quarters demonstrating strong profitability while others exhibiting lower levels. It is essential for investors and stakeholders to closely monitor these fluctuations and assess the underlying factors driving these changes to gain a comprehensive understanding of the company's financial performance.