EQT Corporation (EQT)

Return on equity (ROE)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,735,230	1,770,960	-1,142,750	-958,799	-1,221,700
Total stockholders’ equity	US$ in thousands	14,773,200	11,172,500	9,954,760	9,255,240	9,803,590
ROE		11.75%	15.85%	-11.48%	-10.36%	-12.46%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,735,230K ÷ $14,773,200K
= 11.75%

Over the past five years, EQT Corp's return on equity (ROE) has shown fluctuations. In 2023, the ROE stands at 11.75%, lower than the previous year's ROE of 15.85%. Despite the decrease, the company still managed to generate a reasonable return on equity.

In 2021, EQT Corp experienced a significant decline in ROE to -11.52%, indicating a negative return for that year. This negative ROE suggests that the company's net income was insufficient to cover its shareholders' equity, signaling potential financial difficulties.

However, the ROE improved in 2022 to 15.85%, indicating a strong rebound in profitability. This improvement was a positive sign for investors, showing that the company was able to generate a healthy return on the shareholders' equity invested.

Looking further back, in 2020 and 2019, EQT Corp also reported negative ROE figures of -10.45% and -12.46% respectively. These negative returns in consecutive years suggest underlying issues with the company's profitability and efficiency in utilizing shareholders' equity.

In conclusion, while EQT Corp's ROE has shown volatility, with both positive and negative figures in recent years, it is important for stakeholders to monitor the company's financial performance closely to ensure sustained profitability and value creation for shareholders.