Financial Information by Business Segment (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of company's operating revenues, income from operations and assets

Substantially all of the Company’s operating revenues, income from operations and assets are generated or located in the United States.

Three Months Ended September 30, 2016	EQT Production		EQT Midstream		Intersegment Eliminations			EQT Corporation
Revenues:
Sales of natural gas, oil and NGLs	$	403,939	$	—	$	—		$	403,939
Pipeline and marketing services	5,251		214,335		(160,155		)	59,431
Gain on derivatives not designated as hedges	93,356		—		—			93,356
Total operating revenues	$	502,546	$	214,335	$	(160,155	)	$	556,726

Three Months Ended September 30, 2015	EQT Production (a)		EQT Midstream		Intersegment Eliminations (a)			EQT Corporation
Revenues:
Sales of natural gas, oil and NGLs	$	365,940	$	—	$	—		$	365,940
Pipeline and marketing services	4,886		197,774		(145,885		)	56,775
Gain on derivatives not designated as hedges	160,458		805		—			161,263
Total operating revenues	$	531,284	$	198,579	$	(145,885	)	$	583,978

Nine Months Ended September 30, 2016	EQT Production			EQT Midstream		Intersegment Eliminations			EQT Corporation
Revenues:
Sales of natural gas, oil and NGLs	$	1,072,898		$	—	$	—		$	1,072,898
Pipeline and marketing services	11,960			653,362		(476,552		)	188,770
Loss on derivatives not designated as hedges	(32,342		)	—		—			(32,342		)
Total operating revenues	$	1,052,516		$	653,362	$	(476,552	)	$	1,229,326

Nine Months Ended September 30, 2015	EQT Production (a)		EQT Midstream			Intersegment Eliminations (a)			EQT Corporation
Revenues:
Sales of natural gas, oil and NGLs	$	1,326,104	$	—		$	—		$	1,326,104
Pipeline and marketing services	27,845		600,002			(424,683		)	203,164
Gain (loss) on derivatives not designated as hedges	209,881		(767		)	—			209,114
Total operating revenues	$	1,563,830	$	599,235		$	(424,683	)	$	1,738,382

(a) For the three and nine months ended September 30, 2016,  EQT Production presented affiliated gathering and transmission costs as operating expenses for consistency with the presentation of third-party costs.  Historically, these affiliated costs have been presented as revenue deductions.  Certain previously reported amounts have been reclassified to conform with current year presentation.

	Three Months Ended September 30,					Nine Months Ended September 30,
	2016			2015		2016			2015
	(Thousands)
Operating income (loss):
EQT Production	$	(22,010	)	$	56,360	$	(477,264	)	$	175,317
EQT Midstream	132,727			113,010		399,114			350,942
Unallocated expenses (b)	(2,260		)	685		(10,684		)	(8,411		)
Total operating income (loss)	$	108,457		$	170,055	$	(88,834	)	$	517,848

(b) Unallocated expenses consist primarily of incentive compensation expense and administrative costs.

Reconciliation of operating income to income from continuing operations

Reconciliation of operating income (loss) to net income (loss):

Total operating income (loss)	$	108,457	$	170,055	$	(88,834	)	$	517,848
Other income	10,715		2,661		23,199			6,289
Interest expense	35,984		36,547		108,469			110,596
Income tax expense (benefit)	13,084		35,936		(151,826		)	28,393
Net income (loss)	$	70,104	$	100,233	$	(22,278	)	$	385,148

Schedule of segment assets

	As of September 30, 2016		As of December 31, 2015
	(Thousands)
Segment assets:
EQT Production	$	9,222,067	$	8,995,853
EQT Midstream	3,753,924		3,226,138
Total operating segments	12,975,991		12,221,991
Headquarters assets, including cash and short-term investments	1,913,993		1,754,181
Total assets	$	14,889,984	$	13,976,172

Schedule of depreciation, depletion and amortization and expenditures for segment assets

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
	(Thousands)
Depreciation, depletion and amortization:
EQT Production	$	210,066	$	184,277	$	602,766	$	529,071
EQT Midstream	26,937		23,830		79,948		70,417
Other	85		120		234		303
Total	$	237,088	$	208,227	$	682,948	$	599,791
Expenditures for segment assets (c):
EQT Production (d)	$	621,377	$	451,358	$	1,090,033	$	1,453,647
EQT Midstream	171,645		130,902		513,776		368,019
Other	857		437		3,045		2,046
Total	$	793,879	$	582,697	$	1,606,854	$	1,823,712

(c) Includes the capitalized portion of non-cash stock-based compensation expense and the impact of capital accruals.

(d) Expenditures for segment assets in the EQT Production segment include $448.7 million and $41.8 million for property acquisitions during the three months ended September 30, 2016 and 2015, respectively, and $516.8 million and $180.9 million for property acquisitions during the nine months ended September 30, 2016 and 2015, respectively.