Equitrans Midstream Corporation(NYSE:ETRN) 
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water Service System. The Gathering S...
Website: http://www.equitransmidstream.com
Founded: 2018
Full Time Employees: 800
Sector: Energy
Industry: Oil & Gas Midstream
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At a glance:
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Quarterly
Annual
| Unit: USD | 2024-06-30 | 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 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenues | 361,595,000 | 364,274,000 | 360,609,000 | 338,514,000 | 318,469,000 | 376,337,000 | 355,239,000 | 331,751,000 | 328,611,000 | 342,146,000 | 246,672,000 | 342,074,000 | 348,295,000 | 379,996,000 | 367,122,000 | 350,000,000 | 340,590,000 | 453,113,000 | 425,859,000 | 408,434,000 | 406,167,000 | 389,782,000 | 384,791,000 | 364,584,000 |
operating expenses: | ||||||||||||||||||||||||
operating and maintenance | 48,006,000 | 45,228,000 | 46,297,000 | 43,046,000 | 45,767,000 | 42,862,000 | 54,094,000 | 35,297,000 | 32,442,000 | 32,834,000 | 42,422,000 | 38,743,000 | 38,162,000 | 34,099,000 | 40,119,000 | 33,905,000 | 41,663,000 | 38,422,000 | 47,907,000 | 43,021,000 | 46,556,000 | 27,883,000 | 44,658,000 | 48,092,000 |
selling, general and administrative | 45,653,000 | 44,329,000 | 42,193,000 | 55,627,000 | 56,932,000 | 32,622,000 | 37,989,000 | 33,348,000 | 29,009,000 | 28,126,000 | 34,111,000 | 33,560,000 | 35,482,000 | 35,494,000 | 35,783,000 | 31,626,000 | 32,821,000 | 29,739,000 | 29,362,000 | 24,151,000 | 27,224,000 | 32,178,000 | 41,216,000 | 27,380,000 |
transaction costs | 2,011,000 | 5,684,000 | 11,998,750 | 16,681,000 | ||||||||||||||||||||
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 | 43,722,000 |
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 | 10,387,000 |
total operating expenses | 185,063,000 | 183,118,000 | 175,298,000 | 184,225,000 | 188,935,000 | 161,093,000 | 177,211,000 | 153,421,000 | 145,313,000 | 144,208,000 | 159,188,000 | 154,528,000 | 215,342,000 | 154,416,000 | 160,449,000 | 149,491,000 | 165,293,000 | 211,031,000 | 737,622,000 | 446,887,000 | 239,992,000 | 129,741,000 | 444,237,000 | 146,262,000 |
operating income | 176,532,000 | 181,156,000 | 185,311,000 | 154,289,000 | 129,534,000 | 215,244,000 | 178,028,000 | 178,330,000 | 183,298,000 | 197,938,000 | 87,484,000 | 187,546,000 | 132,953,000 | 225,580,000 | 206,673,000 | 200,509,000 | 175,297,000 | 242,082,000 | -311,763,000 | -38,453,000 | 166,175,000 | 260,041,000 | -59,446,000 | 218,322,000 |
yoy | 36.28% | -15.84% | 4.09% | -13.48% | -29.33% | 8.74% | 103.50% | -4.91% | 37.87% | -12.25% | -57.67% | -6.47% | -24.16% | -6.82% | -166.29% | -621.44% | 5.49% | -6.91% | 424.45% | -117.61% | ||||
qoq | -2.55% | -2.24% | 20.11% | 19.11% | -39.82% | 20.90% | -0.17% | -2.71% | -7.40% | 126.26% | -53.35% | 41.06% | -41.06% | 9.15% | 3.07% | 14.38% | -27.59% | -177.65% | 710.76% | -123.14% | -36.10% | -537.44% | -127.23% | |
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 | 16,087,000 |
other income | 3,602,000 | -3,976,000 | -5,448,000 | -3,037,000 | 19,809,000 | -8,102,000 | -7,543,000 | 893,000 | 14,173,000 | 6,348,000 | -54,355,000 | 21,199,000 | 9,453,000 | 7,599,000 | -21,781,000 | 21,864,000 | 12,979,000 | 4,163,000 | 24,000 | 70,000 | 706,000 | 1,861,000 | 1,818,000 | 1,345,000 |
net interest expense | -120,129,000 | -118,896,000 | -111,949,000 | -106,334,000 | -103,644,000 | -104,957,000 | -105,010,000 | -101,085,000 | -95,117,000 | -93,121,000 | -663,537,000 | 94,101,000 | 95,642,000 | 95,144,000 | 87,420,000 | 86,411,000 | 66,795,000 | 66,754,000 | 67,927,000 | 65,606,000 | 61,713,000 | 60,949,000 | 46,606,000 | 36,862,000 |
income before income taxes | 78,819,000 | 131,289,000 | 145,511,000 | 118,728,000 | 69,385,000 | 102,307,000 | 65,552,000 | -504,871,000 | 77,456,000 | 111,169,000 | -1,983,842,000 | 123,105,000 | 52,685,000 | 97,013,000 | 160,072,000 | 196,879,000 | 177,725,000 | 208,699,000 | -328,680,000 | -59,541,000 | 141,950,000 | 232,016,000 | -78,292,000 | 198,892,000 |
income tax benefit | 7,105,000 | 19,400,000 | 465,000 | |||||||||||||||||||||
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 | 185,966,000 |
yoy | 4.05% | 5.47% | 121.48% | -125.76% | -6.62% | 1.13% | -104.31% | -653.98% | 83.96% | 36.96% | -1252.06% | -46.03% | -72.03% | -59.59% | -140.95% | -373.93% | 9.95% | -5.01% | 182.54% | -133.06% | ||||
qoq | -35.91% | -25.43% | 15.68% | 88.20% | -35.04% | 56.61% | -113.45% | -782.32% | -29.65% | -106.67% | -1831.01% | 126.58% | -47.62% | -43.92% | -18.91% | 17.41% | -24.32% | -156.84% | 442.40% | -147.13% | -34.62% | -269.07% | -163.47% | |
net income attributable to noncontrolling interest | 1,325,000 | 2,890,000 | 1,169,000 | 2,272,000 | 1,675,000 | 4,409,000 | ||||||||||||||||||
net income attributable to equitrans midstream | 70,389,000 | 108,999,000 | 148,870,000 | 127,432,000 | 67,245,000 | 101,682,000 | 66,195,000 | -506,528,000 | 69,858,000 | 101,133,000 | -1,577,622,000 | 87,348,000 | 37,113,000 | 72,683,000 | 132,440,000 | 164,466,000 | 56,494,000 | 69,732,000 | 16,248,750 | -65,825,000 | 74,521,000 | 56,299,000 | 66,655,250 | 82,825,000 |
preferred dividends | 20,516,000 | 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 | 14,628,000 | 29,504,000 | |||||||
net income attributable to equitrans midstream common shareholders | 49,873,000 | 94,371,000 | 134,242,000 | 112,804,000 | 52,617,000 | 87,054,000 | 51,567,000 | -521,156,000 | 55,230,000 | 86,505,000 | -1,592,250,000 | 72,720,000 | 22,485,000 | 58,055,000 | 117,812,000 | 149,838,000 | 26,990,000 | |||||||
earnings per share of common stock attributable to equitrans midstream common shareholders - basic | 0.11 | 0.22 | 0.31 | 0.26 | 0.12 | 0.2 | 0.12 | -1.2 | 0.13 | 0.2 | -3.67 | 0.17 | 0.05 | 0.13 | 0.28 | 0.35 | ||||||||
earnings per share of common stock attributable to equitrans midstream common shareholders - diluted | 0.11 | 0.21 | 0.31 | 0.26 | 0.12 | 0.2 | 0.12 | -1.2 | 0.13 | 0.2 | -3.67 | 0.17 | 0.05 | 0.13 | 0.28 | 0.35 | ||||||||
weighted-average common shares outstanding - basic | 434,606 | 434,497 | 433,963 | 434,080 | 433,961 | 433,707 | 433,341 | 433,348 | 433,333 | 433,318 | 433,008 | 433,017 | 433,003 | 432,983 | 343,935 | 432,773 | 260,883 | 248,591 | ||||||
weighted-average common shares outstanding - diluted | 441,771 | 440,561 | 436,132 | 439,034 | 435,476 | 434,254 | 433,341 | 433,348 | 434,025 | 433,913 | 433,008 | 433,675 | 433,464 | 433,158 | 343,975 | 432,821 | 260,883 | 248,591 | ||||||
statement of comprehensive income: | ||||||||||||||||||||||||
other comprehensive income, net of tax: | ||||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 6, 7, 12, and 14 | 20 | |||||||||||||||||||||||
other comprehensive income | 20 | 20 | -6 | 22 | 22 | 22 | 618 | 36 | 34 | 34 | 25.75 | 34 | 35 | 34 | 22.5 | 30 | 30 | 30 | -63 | 21 | 22 | |||
comprehensive income | 71,734 | 111,909 | 150,033 | 129,726 | 68,942 | 106,113 | 68,362 | -503,560 | 73,840 | 104,942 | -1,573,849 | 90,939 | 40,156 | 76,631 | 136,294 | 168,469 | 143,488 | 189,590 | -333,781 | -61,468 | 130,502 | 199,271 | ||
less: comprehensive income attributable to noncontrolling interest | 1,325 | 2,890 | 1,169 | 2,272 | 1,675 | 4,409 | ||||||||||||||||||
less: comprehensive income attributable to preferred dividends | 20,516 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 29,504 | |||||||
comprehensive income attributable to equitrans midstream common shareholders | 49,893 | 94,391 | 134,236 | 112,826 | 52,639 | 87,076 | 52,185 | -521,120 | 55,264 | 86,539 | -1,592,528 | 72,754 | 22,520 | 58,089 | 117,519 | 149,868 | 27,020 | |||||||
dividends declared per common share | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.45 | 0.45 | 0.45 | 0.45 | ||
pension and other post-retirement benefits liability adjustment, net of tax expense of 6 and 7 | 20 | |||||||||||||||||||||||
impairment of equity method investment | -145,764,250 | -583,057,000 | ||||||||||||||||||||||
loss on extinguishment of debt | -24,937,000 | -82,050,000 | 41,025,000 | |||||||||||||||||||||
income tax (benefit) expense | -4,528,000 | -10,976,000 | -3,784,000 | 2,159,000 | -1,275,000 | |||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 7, 10, 21 and 34 | 16.5 | 22 | ||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 7, 12, 14 and 24 | 22 | |||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 7 and 12 | 22 | |||||||||||||||||||||||
impairment of long-lived assets | 80,135,000 | |||||||||||||||||||||||
net income attributable to noncontrolling interests | 1,549,000 | 2,932,000 | 3,948,000 | 3,775,000 | 4,051,000 | 3,557,000 | 3,008,000 | 3,914,000 | 4,147,000 | 3,973,000 | 86,964,000 | 119,828,000 | 50,890,500 | 4,336,000 | 55,959,000 | |||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 10, 12, 34, and 36 | 26 | 36 | ||||||||||||||||||||||
less: comprehensive income attributable to noncontrolling interests | 1,549 | 2,932 | 3,948 | 3,775 | 4,051 | 3,557 | 3,008 | 3,914 | 4,147 | 3,973 | 86,964 | 119,828 | -64,778 | 4,336 | 55,959 | 143,267 | ||||||||
income tax expense | 3,650,000 | 6,261,000 | 16,295,000 | 32,200,000 | 12,564,000 | 20,416,000 | 23,485,000 | 28,440,000 | 34,267,000 | 19,139,000 | 4,836,000 | 1,948,000 | 11,470,000 | 32,450,000 | 39,748,000 | 12,926,000 | ||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 12, 12, 24, and 24 | 34 | |||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 12 and 12 | 34 | |||||||||||||||||||||||
impairments of long-lived assets | 56,178,000 | 55,581,000 | 583,664,000 | 305,459,000 | ||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 12, 10, 36, and 30 | 25.75 | 34 | ||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 12, 10, 24, and 20 | 35 | |||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 12 and 10 | 34 | |||||||||||||||||||||||
separation and other transaction costs | 984,000 | 11,453,000 | 11,360,000 | 1,474,000 | 256,000 | 15,568,000 | 8,782,000 | |||||||||||||||||
loss on early extinguishment of debt | 24,864,000 | |||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 10, 7, 30 and 22 | 22.5 | 30 | ||||||||||||||||||||||
earnings per share of common stock attributable to equitrans midstream - basic | 0.1 | 0.28 | ||||||||||||||||||||||
earnings per share of common stock attributable to equitrans midstream - diluted | 0.1 | 0.28 | ||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 10, 7, 20 and 15 | 30 | |||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 10 and 8 | 30 | |||||||||||||||||||||||
comprehensive income attributable to equitrans midstream | 69,762 | 16,185.75 | -65,804 | 74,543 | ||||||||||||||||||||
earnings per share of common stock attributable to equitrans midstream: | ||||||||||||||||||||||||
basic: | ||||||||||||||||||||||||
weighted-average common stock outstanding | 254,884 | 254,915 | 254,917 | 254,776 | 254,432 | |||||||||||||||||||
diluted: | ||||||||||||||||||||||||
2019 pension and other post-retirement benefits liability adjustment, net of tax expense of 7 and 22 | -63 | 21 | ||||||||||||||||||||||
2019 pension and other post-retirement benefits liability adjustment, net of tax expense of 7 and 15 | 22 | |||||||||||||||||||||||
less: net income attributable to noncontrolling interests | 143,267,000 | -69,817,000 | 103,141,000 | |||||||||||||||||||||
earnings per share of common stock attributable to equitrans midstream corporation: | ||||||||||||||||||||||||
other comprehensive loss, net of tax: | ||||||||||||||||||||||||
pension and other post-retirement benefits liability adjustment, net of tax expense of 8 | -295 | |||||||||||||||||||||||
other comprehensive loss | -295 | |||||||||||||||||||||||
comprehensive income attributable to equitrans midstream corporation | 56,004 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 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 | 2018-09-30 | 2018-01-01 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||
cash and cash equivalents | 141,879,000 | 51,287,000 | 258,877,000 | 180,609,000 | 107,072,000 | 52,496,000 | 67,898,000 | 48,067,000 | 114,521,000 | 41,607,000 | 134,661,000 | 194,245,000 | 242,637,000 | 231,911,000 | 208,023,000 | 182,530,000 | 202,348,000 | 75,964,000 | 88,322,000 | 153,756,000 | 25,501,000 | 29,049,000 | 294,172,000 | 184,102,000 | 294,172,000 |
accounts receivable | 237,752,000 | 242,017,000 | 258,264,000 | 240,006,000 | 237,630,000 | 225,703,000 | 246,887,000 | 230,932,000 | 227,585,000 | 231,985,000 | 252,301,000 | 238,542,000 | 254,890,000 | 288,748,000 | 290,446,000 | 263,657,000 | 238,476,000 | 253,161,000 | 255,344,000 | 243,540,000 | 282,805,000 | 265,137,000 | 255,496,000 | 58,358,000 | 255,496,000 |
other current assets | 71,339,000 | 68,693,000 | 78,356,000 | 67,210,000 | 71,012,000 | 43,042,000 | 74,917,000 | 53,109,000 | 49,575,000 | 52,306,000 | 59,867,000 | 53,047,000 | 53,039,000 | 51,587,000 | 63,268,000 | 86,855,000 | 62,350,000 | 39,308,000 | 31,546,000 | 24,885,000 | 24,968,000 | 16,835,000 | 19,171,000 | 10,318,000 | 19,171,000 |
total current assets | 450,970,000 | 361,997,000 | 595,497,000 | 487,825,000 | 415,714,000 | 321,241,000 | 389,702,000 | 332,108,000 | 391,681,000 | 325,898,000 | 446,829,000 | 485,834,000 | 550,566,000 | 572,246,000 | 561,737,000 | 533,042,000 | 503,174,000 | 368,433,000 | 375,212,000 | 422,181,000 | 333,274,000 | 311,021,000 | 568,839,000 | 420,259,000 | 568,839,000 |
property, plant and equipment | 9,920,776,000 | 9,831,728,000 | 9,745,298,000 | 9,633,507,000 | 9,528,396,000 | 9,450,553,000 | 9,365,051,000 | 9,271,014,000 | 9,166,128,000 | 9,061,829,000 | 9,004,602,000 | 8,929,199,000 | 8,852,220,000 | 8,892,078,000 | 8,835,652,000 | 8,782,420,000 | 8,690,186,000 | 8,573,862,000 | 8,583,124,000 | 8,439,361,000 | 8,165,435,000 | 6,658,545,000 | 6,469,846,000 | 6,138,895,000 | 6,469,846,000 |
less: accumulated depreciation | -1,895,901,000 | -1,823,590,000 | -1,752,914,000 | -1,684,025,000 | -1,617,527,000 | -1,549,810,000 | -1,480,720,000 | -1,412,301,000 | -1,343,686,000 | -1,278,247,000 | -1,217,099,000 | -1,155,982,000 | -1,090,105,000 | -1,076,120,000 | -1,007,756,000 | -943,687,000 | -883,251,000 | -823,100,000 | -859,157,000 | -824,931,000 | -785,176,000 | -651,032,000 | -602,199,000 | -518,718,000 | -602,199,000 |
net property, plant and equipment | 8,024,875,000 | 8,008,138,000 | 7,992,384,000 | 7,949,482,000 | 7,910,869,000 | 7,900,743,000 | 7,884,331,000 | 7,858,713,000 | 7,822,442,000 | 7,783,582,000 | 7,787,503,000 | 7,773,217,000 | 7,762,115,000 | 7,815,958,000 | 7,827,896,000 | 7,838,733,000 | 7,806,935,000 | 7,750,762,000 | 7,723,967,000 | 7,614,430,000 | 7,380,259,000 | 6,007,513,000 | 5,867,647,000 | 5,620,177,000 | 5,867,647,000 |
investment in unconsolidated entity | 2,375,313,000 | 2,194,117,000 | 1,832,282,000 | 784,384,000 | 1,325,673,000 | 1,278,992,000 | 3,089,091,000 | 2,971,729,000 | 2,870,219,000 | 2,722,081,000 | 2,592,432,000 | 2,465,827,000 | 2,324,108,000 | 2,227,321,000 | 2,066,330,000 | 1,673,325,000 | 1,510,289,000 | 1,300,430,000 | 1,510,289,000 | ||||||
goodwill | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 486,698,000 | 1,070,363,000 | 1,347,138,000 | 1,239,269,000 | 1,239,269,000 | 1,384,872,000 | 1,239,269,000 |
net intangible assets | 489,724,000 | 505,928,000 | 522,133,000 | 538,338,000 | 554,543,000 | 570,747,000 | 586,952,000 | 603,157,000 | 619,362,000 | 635,567,000 | 651,771,000 | 667,976,000 | 684,180,000 | 700,385,000 | 716,590,000 | 732,795,000 | 749,000,000 | 765,205,000 | 797,439,000 | 812,020,000 | 868,965,000 | 565,726,000 | 576,113,000 | 586,500,000 | 576,113,000 |
other assets | 292,893,000 | 291,963,000 | 280,432,000 | 279,318,000 | 268,987,000 | 267,697,000 | 278,159,000 | 321,444,000 | 316,074,000 | 307,965,000 | 308,924,000 | 365,586,000 | 351,043,000 | 343,341,000 | 336,615,000 | 317,331,000 | 307,012,000 | 307,356,000 | 243,688,000 | 238,719,000 | 237,008,000 | 216,216,000 | 164,357,000 | 157,071,000 | 164,357,000 |
total assets | 12,120,473,000 | 11,848,841,000 | 11,709,426,000 | 11,032,657,000 | 10,727,013,000 | 10,399,132,000 | 10,445,585,000 | 10,386,504,000 | 10,961,930,000 | 10,818,702,000 | 10,920,764,000 | 12,868,402,000 | 12,806,331,000 | 12,788,847,000 | 12,725,852,000 | 12,630,680,000 | 12,445,251,000 | 12,189,677,000 | 12,041,709,000 | 12,575,988,000 | 12,436,453,000 | 10,275,372,000 | 10,523,835,000 | 9,942,784,000 | 10,523,835,000 |
liabilities, mezzanine equity and shareholders' equity | |||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||
current portion of long-term debt | 299,962,000 | 299,846,000 | 299,731,000 | 299,616,000 | 98,882,000 | 98,830,000 | 98,941,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | 6,000,000 | ||||||||||||
accounts payable | 60,822,000 | 51,872,000 | 60,884,000 | 53,998,000 | 49,496,000 | 43,923,000 | 60,528,000 | 51,177,000 | 61,286,000 | 47,649,000 | 59,627,000 | 64,226,000 | 61,811,000 | 67,663,000 | 72,098,000 | 101,134,000 | 111,710,000 | 109,151,000 | 128,114,000 | 172,958,000 | 181,077,000 | 142,546,000 | 210,007,000 | 133,569,000 | 210,007,000 |
capital contributions payable to the mvp joint venture | 73,916,000 | 46,835,000 | 181,051,000 | 126,564,000 | 209,779,000 | 31,667,000 | 34,355,000 | 40,989,000 | 46,187,000 | 39,159,000 | 72,188,000 | 108,231,000 | 93,926,000 | 72,995,000 | 10,723,000 | 127,626,000 | 124,523,000 | 87,647,000 | |||||||
accrued interest | 146,791,000 | 95,200,000 | 134,330,000 | 91,452,000 | 133,376,000 | 92,165,000 | 135,762,000 | 94,534,000 | 136,653,000 | 77,097,000 | 151,909,000 | 77,298,000 | 154,483,000 | 79,257,000 | 126,191,000 | 67,863,000 | 79,312,000 | 44,662,000 | 73,455,000 | 41,258,000 | 73,753,000 | 41,408,000 | 80,236,000 | 46,165,000 | 80,236,000 |
accrued liabilities | 80,845,000 | 82,457,000 | 106,870,000 | 79,300,000 | 69,208,000 | 46,215,000 | 83,835,000 | 59,782,000 | 56,290,000 | 43,814,000 | 83,852,000 | 68,484,000 | 62,307,000 | 44,909,000 | 83,366,000 | 73,187,000 | 87,023,000 | 51,677,000 | 83,238,000 | 77,005,000 | 76,847,000 | 46,939,000 | 84,011,000 | 21,149,000 | 84,011,000 |
total current liabilities | 662,336,000 | 576,210,000 | 782,866,000 | 650,930,000 | 461,859,000 | 312,852,000 | 413,310,000 | 541,243,000 | 300,416,000 | 207,719,000 | 367,576,000 | 318,239,000 | 372,527,000 | 574,824,000 | 594,878,000 | 672,310,000 | 402,568,000 | 293,137,000 | 335,957,000 | 558,310,000 | 693,900,000 | 393,305,000 | 549,456,000 | 958,252,000 | 549,456,000 |
long-term liabilities: | |||||||||||||||||||||||||
revolving credit facility borrowings | 985,000,000 | 850,000,000 | 1,230,000,000 | 840,000,000 | 570,000,000 | 492,500,000 | 535,000,000 | 395,000,000 | 420,500,000 | 448,000,000 | 505,000,000 | 645,000,000 | 650,000,000 | 485,000,000 | 485,000,000 | 485,000,000 | 787,500,000 | 1,722,500,000 | |||||||
long-term debt | 6,643,220,000 | 6,640,152,000 | 6,046,709,000 | 6,044,044,000 | 6,340,880,000 | 6,338,100,000 | 6,335,320,000 | 6,332,378,000 | 6,428,449,000 | 6,437,703,000 | 6,434,945,000 | 6,432,186,000 | 6,429,428,000 | 6,426,670,000 | 6,443,312,000 | 6,440,628,000 | 6,438,041,000 | 562,389,000 | 562,295,000 | 562,200,000 | 562,105,000 | ||||
contract liability | 1,414,183,000 | 1,358,238,000 | 1,296,039,000 | 1,211,919,000 | 1,129,599,000 | 1,046,787,000 | 968,535,000 | 886,126,000 | 997,002,000 | 907,994,000 | 821,342,000 | 622,992,000 | 545,298,000 | 470,769,000 | 398,750,000 | 321,775,000 | 247,188,000 | 173,005,000 | |||||||
deferred income taxes | 38,543,000 | 26,254,000 | 45,396,000 | 90,597,000 | 190,954,000 | 203,479,000 | 212,302,000 | 597,321,000 | 473,475,000 | 597,321,000 | |||||||||||||||
regulatory and other long-term liabilities | 173,860,000 | 181,820,000 | 165,695,000 | 131,370,000 | 124,875,000 | 107,033,000 | 112,974,000 | 108,272,000 | 96,742,000 | 97,156,000 | 99,333,000 | 98,870,000 | 98,122,000 | 97,759,000 | 94,902,000 | 95,889,000 | 97,484,000 | 96,621,000 | 99,189,000 | 98,331,000 | 103,258,000 | 89,837,000 | 54,502,000 | 31,819,000 | 54,502,000 |
total liabilities | 9,917,142,000 | 9,632,674,000 | 9,521,309,000 | 8,878,263,000 | 8,627,213,000 | 8,297,272,000 | 8,365,139,000 | 8,263,019,000 | 8,243,109,000 | 8,098,572,000 | 8,228,196,000 | 8,527,415,000 | 8,479,623,000 | 8,426,552,000 | 8,362,738,000 | 8,309,185,000 | 8,228,119,000 | 7,145,359,000 | 6,759,629,000 | 6,634,738,000 | 6,191,276,000 | 5,598,323,000 | 5,264,202,000 | 4,467,367,000 | 5,264,202,000 |
mezzanine equity: | |||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of june 30, 2024 and december 31, 2023 | 687,730,000 | ||||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||
common stock | 3,983,145,000 | 3,982,574,000 | 3,977,149,000 | 4,009,368,000 | 4,001,030,000 | 3,977,177,000 | 3,974,127,000 | 3,969,591,000 | 3,965,058,000 | 3,960,588,000 | 3,957,756,000 | 3,952,896,000 | 3,949,592,000 | 3,945,957,000 | 3,941,295,000 | 3,955,934,000 | 3,952,672,000 | 1,297,304,000 | 1,292,804,000 | 1,381,092,000 | 1,381,810,000 | 1,378,673,000 | 425,370,000 | 425,370,000 | |
retained deficit | -2,922,171,000 | -2,904,491,000 | -2,932,206,000 | -3,000,865,000 | -3,047,267,000 | -3,031,657,000 | -3,053,590,000 | -3,003,848,000 | -2,417,011,000 | -2,407,250,000 | -2,428,171,000 | -770,769,000 | -778,153,000 | -735,888,000 | -728,959,000 | -781,363,000 | -866,084,000 | -858,440,000 | |||||||
accumulated other comprehensive loss | -1,232,000 | -1,252,000 | -1,272,000 | -1,266,000 | -1,288,000 | -1,310,000 | -1,332,000 | -1,950,000 | -1,986,000 | -2,020,000 | -2,054,000 | -2,126,000 | -2,160,000 | -2,195,000 | -2,229,000 | -1,936,000 | -1,966,000 | -1,996,000 | -2,026,000 | -1,761,000 | -1,782,000 | -1,804,000 | -1,509,000 | -1,509,000 | |
total common shareholders' equity | 1,059,742,000 | 1,076,831,000 | 1,043,671,000 | 1,007,237,000 | 952,475,000 | 944,210,000 | 919,205,000 | 963,793,000 | 1,546,061,000 | 1,551,318,000 | 1,527,531,000 | 3,180,001,000 | 3,169,279,000 | 3,207,874,000 | 3,210,107,000 | 3,172,635,000 | 3,084,622,000 | 436,868,000 | 672,716,000 | 1,145,081,000 | 1,326,237,000 | 1,363,165,000 | 457,793,000 | 457,793,000 | |
noncontrolling interest | 455,859,000 | 457,494,000 | 462,604,000 | 465,315,000 | 465,483,000 | 475,808,000 | |||||||||||||||||||
total shareholders' equity | 1,515,601,000 | 1,534,325,000 | 1,506,275,000 | 1,472,552,000 | 1,417,958,000 | 1,420,018,000 | 1,398,604,000 | 1,441,643,000 | 2,036,979,000 | 2,038,288,000 | 2,010,726,000 | 3,659,145,000 | 3,644,866,000 | 3,680,453,000 | 3,681,272,000 | 3,639,653,000 | 3,547,667,000 | 5,044,318,000 | 5,282,080,000 | 5,941,250,000 | 6,245,177,000 | 4,677,049,000 | 5,259,633,000 | 5,259,633,000 | |
total liabilities, mezzanine equity and shareholders' equity | 12,120,473,000 | 11,848,841,000 | 11,709,426,000 | 11,032,657,000 | 10,727,013,000 | 10,399,132,000 | 10,445,585,000 | 10,386,504,000 | 10,961,930,000 | 10,818,702,000 | 10,920,764,000 | 12,868,402,000 | 12,806,331,000 | 12,788,847,000 | 12,725,852,000 | 12,630,680,000 | 12,445,251,000 | ||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of march 31, 2024 and december 31, 2023 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of december 31, 2023 and 2022 | 681,842,000 | ||||||||||||||||||||||||
investments in unconsolidated entities | 1,290,996,000 | 1,090,202,000 | 852,006,000 | 819,743,000 | |||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of september 30, 2023 and december 31, 2022 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of june 30, 2023 and december 31, 2022 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of march 31, 2023 and december 31, 2022 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of december 31, 2022 and 2021 | 681,842,000 | ||||||||||||||||||||||||
noncontrolling interests | 479,399,000 | 477,850,000 | 490,918,000 | 486,970,000 | 483,195,000 | 479,144,000 | 475,587,000 | 472,579,000 | 471,165,000 | 467,018,000 | 463,045,000 | 4,607,450,000 | 4,609,364,000 | 4,796,169,000 | 4,918,940,000 | 3,313,884,000 | 4,801,840,000 | 5,217,217,000 | 4,801,840,000 | ||||||
eqt cash option | 195,820,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of september 30, 2022 and december 31, 2021 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of june 30, 2022 and december 31, 2021 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of march 31, 2022 and december 31, 2021 | 681,842,000 | ||||||||||||||||||||||||
investments in unconsolidated entity | 1,239,039,000 | 2,796,316,000 | |||||||||||||||||||||||
current portion of revolving credit facility borrowings | 310,000,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of december 31, 2021 and 2020 | 681,842,000 | ||||||||||||||||||||||||
deferred income tax liability | 410,128,000 | 384,248,000 | 371,530,000 | 293,583,000 | 255,338,000 | ||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of september 30, 2021 and december 31, 2020 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 shares issued and outstanding as of june 30, 2021 and december 31, 2020 | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 and 30,018 shares issued and outstanding as of march 31, 2021 and december 31, 2020, respectively | 681,842,000 | ||||||||||||||||||||||||
current portion of revolving credit facility borrowings and long-term debt | 302,500,000 | 302,500,000 | |||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 and 0 shares issued and outstanding as of december 31, 2020 and 2019, respectively | 681,842,000 | ||||||||||||||||||||||||
deferred income tax asset | |||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 and 0 shares issued and outstanding as of september 30, 2020 and december 31, 2019, respectively | 681,842,000 | ||||||||||||||||||||||||
equitrans midstream preferred shares, 30,018 and 0 shares issued and outstanding as of june 30, 2020 and december 31, 2019, respectively | 669,465,000 | ||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||
eqm long-term debt | 4,860,096,000 | 4,859,499,000 | 4,858,208,000 | 3,456,639,000 | |||||||||||||||||||||
equity: | |||||||||||||||||||||||||
total liabilities and shareholders' equity | 12,189,677,000 | 12,041,709,000 | 12,575,988,000 | 12,436,453,000 | 10,275,372,000 | 10,523,835,000 | 10,523,835,000 | ||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||
capital contribution payable to the mvp joint venture | 45,150,000 | 261,089,000 | 356,223,000 | 156,412,000 | 169,202,000 | 463,733,000 | 169,202,000 | ||||||||||||||||||
credit facility borrowings | 902,500,000 | 557,500,000 | 1,372,500,000 | 1,095,000,000 | 641,500,000 | 22,000,000 | 641,500,000 | ||||||||||||||||||
equitrans midstream long-term debt | 562,484,000 | 562,105,000 | |||||||||||||||||||||||
retained (deficit) earnings | -618,062,000 | -234,250,000 | -53,791,000 | 33,932,000 | |||||||||||||||||||||
eqm senior notes | 3,459,323,000 | 3,457,981,000 | 3,456,639,000 | 3,455,296,000 | |||||||||||||||||||||
restricted cash | 50,000,000 | ||||||||||||||||||||||||
retained earnings | -13,704,000 | 33,932,000 | |||||||||||||||||||||||
parent net investment | 258,200,000 | ||||||||||||||||||||||||
accounts receivable — affiliate | 167,481,000 | ||||||||||||||||||||||||
due to affiliate | 293,636,000 | ||||||||||||||||||||||||
total equity | 5,475,417,000 | ||||||||||||||||||||||||
total liabilities and equity | 9,942,784,000 | ||||||||||||||||||||||||
balance at january 1, 2017 | -66,300,000 | ||||||||||||||||||||||||
net income | 99,969,000 | ||||||||||||||||||||||||
net distributions to eqt | -730,716,000 | ||||||||||||||||||||||||
equity-based compensation plans | 261,000 | ||||||||||||||||||||||||
distributions to noncontrolling interest unitholders | |||||||||||||||||||||||||
balance at september 30, 2017 | -696,786,000 | ||||||||||||||||||||||||
balance at january 1, 2018 | 1,143,769,000 | ||||||||||||||||||||||||
purchase of strike force midstream llc noncontrolling interests | 1,818,000 | ||||||||||||||||||||||||
net changes in ownership of combined consolidated entities | -157,951,000 | ||||||||||||||||||||||||
balance at september 30, 2018 | 258,200,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 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 |