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Economic Impact

Economic Impact

The U.S. natural gas industry continues to provide significant benefits to the American economy, and EQT’s operations play a meaningful role in the positive economic benefits contributed to our country.

During 2015, our Company contributed $4.4 billion in Gross Domestic Product (GDP) or value-added to the U.S. economy. The majority of these positive GDP impacts, approximately 62%, occurred within EQT’s operating footprint of Pennsylvania, West Virginia, Kentucky, Ohio, Texas, and Virginia. The remaining 38% of GDP contributions were from vendors/suppliers based outside EQT’s core operating states, yet they provided goods or services for EQT’s operations within those core states.  

EQT’s 2015 Economic Benefit Highlights in Numbers:

  • 1,914 direct employees
  • 44,000 jobs created (direct-contract workers; supply chain jobs; and induced employment)
  • $2.7 billion generated in additional labor income
  • $337 million paid in tax revenues to state and local entities

Along with a direct employee base, EQT’s contributions include a significant number of contractors who support our production assets, transportation infrastructure, and overall operations. In 2015, these well-paying jobs generated average compensation for employees, direct contractors, and suppliers that exceeded the U.S. estimated median household income of $57,400. These compensation earnings were, in turn, used for essential living expenses, as well as non-essential items including restaurants and entertainment – all of which contribute to what is referred to as “induced” economic impact.



(Millions of dollars, unless otherwise noted)

  Pennsylvania West Virginia Kentucky Texas  Virginia Ohio  Rest of U.S. Total
EQT Employees (#) 1,141 487 208  48             28 --  2 1,914
Employee Compensation
$360.8 $90.9 $29.1 $7.6 $5.6 $2.3 $4.2 $500.4
Capital Expenditures $1,155.2 $220.9  $38.0 $479.5  $0.8  $15.6 $1,235.3 $3,145.3
Royalty Payments  $77.2 $45.8  $7.3 $9.0  $4.8  $1.3  $0.2  $145.6
Ancillary Job Creation (#) 19,359 3,993 790 670 132 360 18,618 43,922
Gross Domestic Product $2,193.6 $294.6 $89.5 $116.4 $12.5 $34.1 $1,662.2 $4,403.0
Ancillary Labor Income $1,309.6 $195.6 $44.7 $39.1 $6.9 $28.8 $1,116.2 $2,741.0
State & Local Taxes $162.6 $31.8 $4.5 $5.3 $1.3 $4.2 $127.4 $337.1

SOURCE: FTI Consulting prepared the analysis and compilation of an annual economic impact study based on raw data supplied by EQT as of year-end 2015.