By Pittsburgh Business Times

EQT Corp. announced net income of $73.1 million, or 49 cents per share, during the last quarter of 2010, a 32 percent increase over the same time in 2009, when the companyâ¿¿s net income was $55.4 million, or 42 cents per share.

Net income for all of 2010 was $227.7 million, or $1.57 per share, a 45 percent jump from 2009, when the company reported a profit of $156.9 million, or $1.19 per share.

During 2010, Pittsburgh-based EQT grew its net operating revenue from $1.27 billion in 2009 to $1.32 billion. In the fourth quarter, operating revenue grew from $344 million in fourth quarter 2009 to $371 billion.

The companyâ¿¿s exploration and production segment contributed $537.7 million to sales, its midstream division brought in $396.5 million for the year and its distribution arm, which includes the utility Equitable Natural Gas, had revenue of $189.4 million. All three segments had increased from the prior year.

Earlier this month, EQT (NYSE:EQT) announced an agreement to sell a Kentucky-based natural gas processing complex and liquids pipeline to MarkWest Energy Partners L.P. for $230 million.

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