7Baggers
Quarterly
Annual
    Unit: USD2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 
      
    		                       
      cash flows from operating activities:
    		                       
      net income
    		71,714,000 111,889,000 150,039,000 129,704,000 68,920,000 106,091,000 67,744,000 -503,596,000 73,806,000 104,908,000 -1,573,571,000 90,905,000 40,121,000 76,597,000 136,587,000 168,439,000 143,458,000 189,560,000 -333,516,000 -61,489,000 130,480,000 199,566,000 -118,040,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                       
      depreciation
    		73,188,000 71,672,000 70,603,000 69,348,000 70,031,000 69,404,000 68,923,000 68,572,000 67,657,000 67,043,000 66,450,000 66,021,000 69,315,000 68,618,000 68,342,000 66,772,000 63,151,000 61,348,000 60,634,000 59,460,000 56,759,000 50,511,000 48,586,000 
      amortization of intangible assets
    		16,205,000 16,205,000 16,205,000 16,204,000 16,205,000 16,205,000 16,205,000 16,204,000 16,205,000 16,205,000 16,205,000 16,204,000 16,205,000 16,205,000 16,205,000 16,204,000 16,205,000 14,581,000 14,581,000 14,540,000 13,750,000 10,387,000 10,387,000 
      deferred income tax expense
    		7,295,000 17,160,000                      
      equity income
    		-18,814,000 -73,005,000 -77,597,000 -73,810,000 -23,686,000 -122,000 -77,000 -48,000 -39,000 -4,000 -3,194,000 -8,461,000 -5,921,000 -3,000 -62,600,000 -60,917,000 -56,244,000 -54,072,000 -50,986,000 -44,448,000 -36,782,000 -31,063,000 -25,942,000 
      other income
    		-3,456,000 4,234,000 5,570,000 3,154,000 -19,611,000 8,288,000 8,037,000 -1,409,000 -13,771,000 -6,501,000 54,203,000 -21,410,000 -9,496,000 -7,254,000 21,125,000 -21,196,000 -12,901,000 -4,306,000 -1,850,000 -1,015,000 -854,000 -1,997,000  
      non-cash long-term compensation expense
    		6,562,000 4,904,000 5,890,000 7,257,000 22,698,000 3,468,000 5,496,000 3,658,000 3,656,000 2,990,000 4,331,000 2,999,000 3,146,000 4,445,000     886,000 -718,000 1,510,000 1,108,000 2,897,000 
      changes in other assets and liabilities:
    		                       
      accounts receivable
    		4,264,000 24,019,000 -15,103,000 -3,812,000 -1,068,000 41,930,000 -12,063,000 -3,839,000 4,001,000 34,759,000 -9,176,000 22,491,000 33,132,000 17,725,000 -26,789,000 -25,181,000 15,158,000 -998,000 -11,250,000 40,867,000 -2,105,000 -9,989,000 -38,418,000 
      accounts payable
    		3,271,000 -8,545,000 3,776,000 4,542,000 5,945,000 -18,419,000 10,412,000 2,594,000 7,340,000 -7,679,000 -944,000 5,108,000 -8,210,000 1,337,000 -11,073,000 -4,988,000 2,072,000 6,067,000 -17,932,000 -23,462,000 -1,080,000 -47,827,000 -118,125,000 
      accrued interest
    		51,591,000 -39,130,000 42,878,000 -41,924,000 41,211,000 -43,597,000 41,228,000 -42,119,000 59,556,000 -74,812,000  -77,185,000 75,226,000 -46,934,000  -11,449,000 34,650,000 -28,793,000  -32,495,000 32,220,000 -38,828,000  
      deferred revenue
    		57,055,000 60,965,000 87,599,000 82,631,000 81,466,000 76,317,000 85,478,000 84,807,000 89,554,000 86,652,000 198,351,000 78,767,000 74,529,000 72,019,000 76,976,000 74,587,000        
      other assets and other liabilities
    		-9,804,000 -12,877,000 17,623,000 13,691,000 38,874,000 -32,077,000 6,302,000 575,000 15,737,000 -42,218,000 30,005,000 5,671,000 26,276,000 -34,634,000 66,110,000 -1,804,000 29,141,000 -37,780,000 -2,152,000 9,279,000 14,839,000 -42,117,000 -126,765,000 
      net cash from operating activities
    		259,071,000 177,491,000 291,218,000 201,586,000 298,554,000 224,720,000 99,236,000 209,567,000 351,026,000 185,946,000 346,744,000 209,877,000 382,595,000 229,552,000 316,691,000 231,195,000 343,697,000 249,303,000 286,018,000 267,926,000 300,342,000 122,201,000 20,317,000 
      cash flows from investing activities:
    		                       
      capital expenditures
    		-87,092,000 -84,944,000 -107,051,000 -107,523,000 -96,300,000 -75,640,000 -99,833,000 -113,689,000 -91,854,000 -71,285,000 -79,449,000 -80,733,000 -69,074,000 -61,265,000 -84,439,000 -108,493,000 -116,707,000 -152,392,000 -197,432,000 -287,359,000 -273,612,000 -208,966,000 -241,523,000 
      free cash flows
    		171,979,000 92,547,000 184,167,000 94,063,000 202,254,000 149,080,000 -597,000 95,878,000 259,172,000 114,661,000 267,295,000 129,144,000 313,521,000 168,287,000 232,252,000 122,702,000 226,990,000 96,911,000 88,586,000 -19,433,000 26,730,000 -86,765,000 -221,206,000 
      capital contributions to the mvp joint venture
    		-135,301,000 -422,985,000 -408,934,000 -209,938,000 -36,020,000 -34,513,000 -41,435,000 -46,426,000 -39,215,000 -72,537,000 -108,712,000 -94,298,000 -73,932,000 -10,723,000 -128,537,000 -65,630,000 -33,484,000 -45,150,000 -261,741,000 -211,677,000 -156,412,000 -144,763,000 -467,146,000 
      principal payments received on the preferred interest
    		1,551,000 1,529,000 1,490,000 1,469,000 1,449,000 1,429,000 1,408,000 1,389,000 1,370,000 1,351,000 1,332,000 1,313,000 1,295,000 1,277,000 1,277,000 1,259,000 1,242,000 1,225,000 1,190,000 1,173,000 1,157,000 1,141,000 1,125,000 
      net cash from investing activities
    		-220,842,000 -506,400,000 -514,495,000 -315,992,000 -130,871,000 -108,724,000 -139,860,000 -155,007,000 -129,699,000 -142,471,000 -186,829,000 -173,718,000 -141,711,000 -70,711,000 -211,699,000 -172,864,000 -148,949,000 -196,317,000 -457,983,000 -486,469,000 -1,277,492,000 -352,588,000 -718,846,000 
      cash flows from financing activities:
    		                       
      proceeds from revolving credit facility borrowings
    		265,000,000 280,000,000 550,000,000 412,000,000 77,500,000 137,500,000 270,000,000 144,500,000 85,000,000 55,000,000 10,000,000 65,000,000 315,000,000 77,500,000 0 25,000,000 770,000,000 1,170,000,000      
      payments on revolving credit facility borrowings
    		-130,000,000 -660,000,000 -160,000,000 -142,000,000 0 -180,000,000 -130,000,000 -170,000,000 -112,500,000 -112,000,000 -150,000,000 -70,000,000 -460,000,000 -70,000,000 0 -25,000,000 -1,705,000,000 -350,000,000      
      proceeds from the issuance of long-term debt
    		0 600,000,000      0   0 0 0 1,900,000,000 0 0        
      debt discounts, debt issuance costs and credit facility arrangement fees
    		0 -10,206,000 -3,302,000 0   0 31,000    -44,000            
      payment for retirement of long-term debt
    		   0    0    0 0 -1,936,250,000  0 0 -594,000,000      
      dividends paid to common shareholders
    		-65,049,000 -65,050,000 -64,990,000 -64,989,000 -64,977,000 -64,964,000 -64,917,000 -64,917,000 -64,915,000 -64,901,000 -64,871,000 -64,879,000 -64,874,000 -64,871,000 -64,871,000 -64,871,000        
      dividends paid to holders of equitrans midstream preferred shares
    		-14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000 -14,628,000         
      distributions paid to noncontrolling interest
    		-2,960,000 -8,000,000 -3,880,000 -2,440,000 -12,000,000 -8,000,000                  
      other items
    		0 -797,000 -1,655,000 0 -1,000 -1,306,000                  
      net cash from financing activities
    		52,363,000 121,319,000 301,545,000 187,943,000 -113,107,000 -131,398,000 60,455,000 -121,014,000 -148,413,000 -136,529,000 -219,499,000 -84,551,000 -230,158,000 -134,953,000 -79,499,000 -78,149,000 -68,364,000 -65,344,000 106,531,000 346,798,000 923,602,000 15,264,000 808,599,000 
      net change in cash and cash equivalents
    		90,592,000 -207,590,000 78,268,000 73,537,000 54,576,000 -15,402,000 19,831,000 -66,454,000 72,914,000 -93,054,000 -59,584,000 -48,392,000 10,726,000 23,888,000 25,493,000 -19,818,000   -65,434,000 128,255,000   110,070,000 
      cash and cash equivalents at beginning of period
    		0 258,877,000  0 0 67,898,000  0 0 134,661,000  0 0 208,023,000  0    0    
      cash and cash equivalents at end of period
    		90,592,000 51,287,000  73,537,000 54,576,000 52,496,000  -66,454,000 72,914,000 41,607,000  -48,392,000 10,726,000 231,911,000  -19,818,000    128,255,000    
      cash paid during the period for:
    		                       
      interest, net of amount capitalized
    		66,634,000 156,092,000 67,855,000 146,693,000 61,441,000 146,828,000 61,871,000 140,822,000 32,832,000 165,631,000 16,895,000 168,497,000 17,760,000 140,199,000  95,970,000 31,605,000 94,343,000  95,715,000 29,072,000 98,470,000  
      income taxes
    		12,940,000 2,049,000 2,696,000 3,955,000   0 0                
      benefit from (recovery of) credit losses on accounts receivable and contract asset write-down
    		                       
      deferred income tax (benefit) expense
    		  -17,229,000                     
      impairments of long-lived assets and equity method investment
    		                       
      loss on extinguishment of debt
    		      0 0   0 0 0 41,025,000          
      eqt cash option
    		                       
      proceeds from sale of gathering assets
    		      0                 
      payments for retirement of long-term debt
    		                       
      cash and cash equivalents at beginning of year
    		                       
      cash and cash equivalents at end of year
    		                       
      cash paid during the year for:
    		                       
      benefit from credit losses on accounts receivable and contract asset write-down
    		                       
      impairment of equity method investment
    		                       
      benefit from credit losses on accounts receivable
    		    -1,234,000 2,492,000                  
      deferred income taxes
    		    -1,197,000 -5,260,000 -2,629,000 1,111,000 2,387,000 4,603,000 -411,211,000 28,767,000 12,094,000 20,406,000 23,303,000 27,680,000 33,025,000 18,710,000 4,836,000 1,948,000 11,470,000 32,450,000 189,579,000 
      impairments of long-lived assets and equity method investments
    		                       
      proceeds from issuance of long-term debt
    		                       
      distributions paid to noncontrolling interests
    		                       
      redemption of eqm series a preferred units
    		              0 0        
      distributions paid to holders of eqm series a preferred units
    		              0 -10,929,000        
      cash shares and cash amount
    		              0 0 0 -52,323,000      
      non-cash activity during the period for:
    		                       
      issuance of equitrans midstream common stock pursuant to the eqm merger (defined in note 1), net of tax
    		                       
      issuance of equitrans midstream preferred shares pursuant to the restructuring agreement
    		               0        
      contract liability
    		               0 -6,831,000 128,314,000      
      impairment of long-lived assets and equity method investment
    		                       
      distributions to noncontrolling interests
    		                       
      impairment of long-lived assets
    		                       
      cash paid for taxes
    		         815,000              
      bolt-on acquisition (defined in note 3), net of cash acquired
    		                   11,394,000    
      debt discounts, debt issuance costs and credit facility origination fees
    		             -24,204,000          
      proceeds from issuance of eqm series a preferred units, net of offering costs
    		                       
      purchases of eqgp common units
    		                       
      separation-related adjustments
    		                       
      impairments of long-lived assets
    		           0    0 0 55,581,000      
      distributions paid to noncontrolling interest eqm unitholders
    		                       
      distributions to eureka midstream holdings, llc non-controlling member
    		           0 0 -2,500,000          
      issuance of equitrans midstream common stock pursuant to the eqm merger (as defined in note 2), net of tax
    		                       
      partial period distributions on eqm series a preferred units converted in the eqm merger
    		                       
      loss on early extinguishment of debt
    		              0 0 0 24,864,000      
      purchase of interests in the mvp joint venture
    		                       
      distributions paid to noncontrolling interest unitholders
    		                -32,244,000 -96,526,000 -96,526,000 -96,526,000 -95,278,000 -94,030,000 -101,112,000 
      net distributions to eqt
    		                       
      net payments on eqgp's (defined in note 1) working capital loan with eqt
    		                       
      acquisition of 25% of strike force midstream llc
    		                      0 
      share-based compensation plans
    		               3,048,000 1,799,000 4,541,000      
      bolt-on acquisition (as defined in note 3), net of cash acquired
    		                       
      debt issuance costs and credit facility origination fees
    		               -98,000        
      purchase of eqgp common units
    		                   0 0 -238,455,000  
      issuance of equitrans midstream common stock pursuant to the eqm merger (as defined in note 1), net of tax
    		               0        
      payments for credit facility amendment fees
    		                 -2,740,000      
      distributions paid to eqm series a preferred unitholders
    		                 -25,501,000      
      dividends paid
    		                 -114,254,000 -114,635,000 -114,634,000 -114,608,000 -104,251,000  
      net change in cash, restricted cash and cash equivalents
    		                 -12,358,000    -215,123,000  
      cash, restricted cash and cash equivalents at beginning of period
    		                 88,322,000    294,172,000  
      cash, restricted cash and cash equivalents at end of period
    		                 75,964,000    79,049,000  
      bolt-on acquisition (defined in note 2), net of cash acquired
    		                       
      proceeds from credit facility borrowings
    		                  515,000,000 840,000,000 445,000,000 684,000,000 922,500,000 
      payments on credit facility borrowings
    		                  -170,000,000 -1,655,000,000 -440,000,000 -230,500,000 -303,000,000 
      proceeds from the issuance of eqm's senior notes
    		                       
      proceeds from the issuance of eqm's long-term debt
    		                  0     
      proceeds from the issuance of equitrans midstream's long-term debt
    		                       
      cash paid for long-term debt
    		                  -1,500,000 -1,500,000 -29,825,000 -1,500,000  
      net (payments on) proceeds from eqgp's working capital loan with eqt
    		                       
      net contribution to strike force midstream llc by minority owner
    		                       
      debt discount, debt issuance costs and credit facility origination fees
    		                       
      debt discount and issuance costs
    		                       
      proceeds from issuance of series a preferred units, net of offering costs
    		                   0    
      proceeds from the eqgp working capital facility loan
    		                       
      settlement of transaction costs with eqt
    		                       
      net settlement of current income taxes payable with eqt
    		                       
      net payments on eqgp's working capital facility loan
    		                       
      impairment of goodwill
    		                       
      afudc — equity
    		                      -1,985,000 
      (purchases)/ sales of interests in the mvp joint venture
    		                       
      proceeds from the issuance of eqm common units, net of offering costs
    		                       
      net (distributions to) contributions from eqt
    		                       
      acquisition of eqgp common units
    		                       
      due to/from affiliates
    		                       
      net proceeds from (payments on) eqgp's working capital facility loan
    		                       
      debt discount and debt issuance costs
    		                       
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.