Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The results of operations of Equitrans Midstream, as presented as discontinued operations in the Statements of Condensed Consolidated Operations, are summarized below. The Company allocated the transaction costs associated with the Separation and Distribution and a portion of the costs associated with the acquisition of Rice Energy Inc. to discontinued operations.

	Three Months Ended   September 30, 2018			Nine Months Ended   September 30, 2018
	(Thousands)
Operating revenues	$	108,824		$	334,394
Transportation and processing	(234,340		)	(688,876		)
Operation and maintenance	29,909			82,458
Selling, general and administrative	13,584			41,238
Depreciation	47,295			138,458
Transaction costs	22,714			69,246
Amortization of intangible assets	10,387			31,160
Other income	17,432			39,029
Interest expense	36,862			68,848
Income from discontinued operations before income taxes	199,845			630,891
Income tax expense	9,050			93,218
Income from discontinued operations after income taxes	190,795			537,673
Less: Net income from discontinued operations attributable to noncontrolling interests	103,141			362,696
Net income from discontinued operations	$	87,654		$	174,977

The following table presents cash flows from discontinued operating activities related to Equitrans Midstream that are included and not separately stated in the Statements of Condensed Consolidated Cash Flows. Cash flows from investing and financing activities are separately stated in the Statements of Condensed Consolidated Cash Flows.

	Nine Months Ended   September 30, 2018
	(Thousands)
Operating activities:
Deferred income tax benefit	$	(124,331	)
Depreciation	138,458
Amortization of intangibles	31,160
Other income	(39,029		)
Share-based compensation expense	1,293