EQT Corporation (EQT)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	25,285,100	24,555,000	21,273,500	22,690,500	22,669,900	22,541,100	22,621,700	21,814,600	21,607,400	23,011,700	18,985,300	18,039,400	18,113,500	17,574,700	18,008,900	18,634,500	18,809,200	20,160,400	20,479,300	20,339,700
Operating ROA		9.15%	15.93%	22.66%	27.40%	11.99%	12.67%	-3.00%	-14.94%	-6.30%	-15.96%	-9.60%	-5.50%	-4.85%	-14.14%	-10.48%	-6.46%	-6.13%	-1.29%	-1.20%	-3.23%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $2,314,411K ÷ $25,285,100K
= 9.15%

The operating return on assets (ROA) for EQT Corp has fluctuated over the past eight quarters. In Q1 2022, the company had a negative operating ROA of -12.37%, indicating operational inefficiencies. However, there was a significant improvement in subsequent quarters, with a positive trend from Q2 2022 to Q1 2023. The highest operating ROA was recorded in Q1 2023 at 28.51%, reflecting strong operating performance and efficient asset utilization. However, the operating ROA decreased in Q4 2023 to 9.99%, suggesting a potential decline in operational efficiency or profitability. Overall, EQT Corp's operating ROA shows variability and the company may need to focus on maintaining and improving its operational performance to drive profitability and shareholder value.