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Statements of Condensed Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 385,148 $ 481,493
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income tax (benefit) expense (78,958) 102,301
Depreciation, depletion and amortization 599,791 484,908
Asset impairments 35,004 8,729
Gain on sale / exchange of assets 0 (37,749)
Gain on dispositions 0 (3,598)
(Recoveries of) provision for losses on accounts receivable (2,262) 1,753
Other income (6,276) (6,134)
Stock-based compensation expense 41,622 33,072
Loss recognized in operating revenues for hedging ineffectiveness 0 (13,075)
(Gain) loss on derivatives not designated as hedges (209,114) 16,058
Cash settlements received (paid) on derivatives not designated as hedges 70,874 (9,232)
Changes in other assets and liabilities:    
Dividend from Nora Gathering, LLC 0 9,463
Excess tax benefits on stock-based compensation (21,176) (28,592)
Accounts receivable 161,118 34,419
Accounts payable (84,262) (15,201)
Accrued interest 22,935 30,860
Other items, net (14,226) 52,470
Net cash provided by operating activities 900,218 1,141,945
Cash flows from investing activities:    
Capital expenditures from continuing operations (1,899,338) (1,606,307)
Capital expenditures associated with Range Resources Corporation asset exchange 0 (163,251)
Capital contributions to Mountain Valley Pipeline, LLC (75,838) 0
Restricted cash, net 0 (338,561)
Proceeds from sale of assets 0 7,444
Net cash used in investing activities (1,975,176) (2,100,675)
Cash flows from financing activities:    
Proceeds from the issuance of common units of EQT Midstream Partners, LP, net of issuance costs 758,812 902,467
Proceeds from the sale of common units of EQT GP Holdings, LP, net of sale costs 674,010 0
Proceeds from issuance of EQT Midstream Partners, LP debt 0 500,000
Increase in short-term loans 561,500 450,000
Decrease in short-term loans (211,500) (450,000)
Dividends paid (13,725) (13,653)
Distributions to noncontrolling interests (85,218) (46,155)
Repayments and retirements of long-term debt (9,004) (6,162)
Proceeds and excess tax benefits from exercises under employee compensation plans 35,196 42,181
Cash paid for taxes related to net settlement of share-based incentive awards (46,492) (49,013)
Debt issuance costs and revolving credit facility origination fees 0 (12,690)
Repurchase and retirement of common stock (3,375) (32,368)
Net cash provided by financing activities 1,660,204 1,284,607
Net change in cash and cash equivalents 585,246 325,877
Cash and cash equivalents at beginning of period 1,077,429 845,641
Cash and cash equivalents at end of period 1,662,675 1,171,518
Cash paid during the period for:    
Interest, net of amount capitalized 87,661 68,698
Income taxes, net $ 100,987 $ 127,858