EQT Corporation (EQT)

Return on assets (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
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
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
ROA		6.86%	11.99%	16.68%	19.86%	7.81%	8.27%	-3.52%	-12.02%	-5.29%	-12.50%	-7.90%	-4.60%	-5.29%	-12.56%	-10.93%	-8.48%	-6.50%	-3.38%	-1.76%	-2.30%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,735,234K ÷ $25,285,100K
= 6.86%

The return on assets (ROA) of EQT Corp has shown varying trends over the past eight quarters, as evidenced by the data provided. In Q1 2022, the ROA was at its lowest point, standing at -12.06%, indicating that the company's profitability in relation to its assets was notably negative. This was followed by a significant improvement in Q2 2022, where the ROA increased to -3.55%, but still remained negative.

However, from Q3 2022 onwards, there was a positive shift in EQT Corp's ROA performance. The ROA steadily increased from 8.25% in Q3 2022 to 19.86% in Q1 2023, reaching its peak over the observed period. This upward trend suggests that the company was able to generate higher profits relative to its assets during this period.

Nevertheless, in Q2 2023, there was a slight decline in ROA to 16.68%, followed by a further decrease to 11.99% in Q3 2023, and 6.86% in Q4 2023. Despite the decrease in the last two quarters, the ROA remained positive during this period, indicating that EQT Corp continued to generate profits from its assets, albeit at a decreasing rate.

In conclusion, the fluctuating ROA of EQT Corp over the past eight quarters reflects both positive and negative trends in the company's profitability in relation to its assets. The company experienced a notable improvement in ROA from negative to positive values, reaching a peak in Q1 2023, but saw a slight downturn in the last two quarters. Continued monitoring and analysis of ROA trends will be essential to evaluate EQT Corp's operational efficiency and financial performance.