Revolving Credit Facilities

3 Months Ended

Mar. 31, 2017

Short-term Debt [Abstract]

Revolving Credit Facilities

Revolving Credit Facilities

The Company has a $1.5 billion unsecured revolving credit facility that expires in February 2019. The Company had no borrowings or letters of credit outstanding under its revolving credit facility as of March 31, 2017 or December 31, 2016 or at any time during the three months ended March 31, 2017 and 2016.

EQM has a $750 million credit facility that expires in February 2019. EQM had no borrowings and no letters of credit outstanding under the $750 million credit facility as of March 31, 2017 or December 31, 2016. There were no borrowings outstanding at any time during the three months ended March 31, 2017. The maximum amount of outstanding borrowings under the credit facility at any time during the three months ended March 31, 2016 was $299 million and the average daily balance of loans outstanding under the credit facility was approximately $134 million. Interest was incurred at a weighted average annual interest rate of approximately 1.9% for the three months ended March 31, 2016.