Financial Information by Business Segment (Tables)

3 Months Ended

Mar. 31, 2017

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 March 31, 2017	EQT Production		EQT Gathering		EQT Transmission		Intersegment Eliminations			EQT Corporation
Revenues:	(Thousands)
Sales of natural gas, oil and NGLs	$	673,465	$	—	$	—	$	—		$	673,465
Pipeline and net marketing services	14,455		102,329		101,097		(134,565		)	83,316
Gain on derivatives not designated as hedges	140,742		—		—		—			140,742
Total operating revenues	$	828,662	$	102,329	$	101,097	$	(134,565	)	$	897,523

Three Months Ended March 31, 2016	EQT Production		EQT Gathering		EQT Transmission		Intersegment Eliminations			EQT Corporation
Revenues:	(Thousands)
Sales of natural gas, oil and NGLs	$	364,427	$	—	$	—	$	—		$	364,427
Pipeline and net marketing services	10,285		98,009		87,777		(124,424		)	71,647
Gain on derivatives not designated as hedges	108,995		—		—		—			108,995
Total operating revenues	$	483,707	$	98,009	$	87,777	$	(124,424	)	$	545,069

	Three Months Ended March 31,
	2017			2016
	(Thousands)
Operating income (loss):
EQT Production	$	257,430		$	(5,478	)
EQT Gathering	73,589			72,604
EQT Transmission	71,524			64,516
Unallocated expenses (a)	(11,899		)	(4,441		)
Total operating income	$	390,644		$	127,201

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

Reconciliation of operating income to income from continuing operations

Reconciliation of operating income to net income:

	Three Months Ended March 31,
	2017		2016
	(Thousands)
Total operating income	$	390,644	$	127,201
Other income	3,381		4,840
Interest expense	42,655		36,180
Income tax expense	100,665		7,436
Net income	$	250,705	$	88,425

Schedule of segment assets

	As of March 31, 2017		As of December 31, 2016
	(Thousands)
Segment assets:
EQT Production	$	11,577,963	$	10,923,824
EQT Gathering	1,279,944		1,225,686
EQT Transmission	1,413,061		1,399,201
Total operating segments	14,270,968		13,548,711
Headquarters assets, including cash and short-term investments	1,375,646		1,924,211
Total assets	$	15,646,614	$	15,472,922

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

	Three Months Ended March 31,
	2017		2016
	(Thousands)
Depreciation, depletion and amortization:
EQT Production	$	211,097	$	205,676
EQT Gathering	8,860		7,263
EQT Transmission	11,687		6,744
Other	274		1,548
Total	$	231,918	$	221,231
Expenditures for segment assets (b):
EQT Production (c)	$	945,458	$	237,566
EQT Gathering	48,838		73,087
EQT Transmission	21,389		60,071
Other	1,628		2,822
Total	$	1,017,313	$	373,546

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

(c) Expenditures for segment assets in the EQT Production segment included $45.3 million and $33.3 million for general leasing activity during the three months ended March 31, 2017 and 2016, respectively. The three months ended March 31, 2017 also includes $669.5 million of cash capital expenditures and $15.4 million of non-cash capital expenditures for the acquisitions discussed in Note M.