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STATEMENTS OF CONSOLIDATED EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive (Loss) Income
Noncontrolling Interests in Discontinued Operations
Beginning Balance (in shares) at Dec. 31, 2016   172,827        
Beginning Balance at Dec. 31, 2016 $ 9,119,247 $ 3,440,185 $ (91,019) $ 2,509,073 $ 2,042 $ 3,258,966
Increase (Decrease) in Stockholders' Equity            
Net (loss) income 1,858,142     1,508,529   349,613
Net change in cash flow hedges:            
Natural gas, net of tax (4,982)       (4,982)  
Interest rate, net of tax 144       144  
Other postretirement benefits liability adjustment, net of tax 338       338  
Dividends ($0.12 per share) (20,827)     (20,827)    
Stock-based compensation plans, net (in shares)   580        
Share-based compensation plans, net 26,626 $ (981) 27,417     190
Distributions to noncontrolling interests [1] (236,123)         (236,123)
Rice Merger, net of withholdings (in shares)   90,914        
Rice Merger, net of withholdings 7,665,340 $ 5,949,729       1,715,611
Contribution from noncontrolling interest, net of distribution 6,738         6,738
Repurchase and retirement of common stock (in shares)   (1)        
Repurchase and retirement of common stock (30) $ (30)        
Ending Balance (in shares) at Dec. 31, 2017   264,320        
Ending Balance at Dec. 31, 2017 18,414,613 $ 9,388,903 (63,602) 3,996,775 (2,458) 5,094,995
Increase (Decrease) in Stockholders' Equity            
Net (loss) income (2,007,158)     (2,244,568)   237,410
Net change in cash flow hedges:            
Natural gas, net of tax (4,625)       (4,625)  
Interest rate, net of tax 168       168  
Other postretirement benefits liability adjustment, net of tax 606       606  
Dividends ($0.12 per share) (31,375)     (31,375)    
Stock-based compensation plans, net (in shares)   798        
Share-based compensation plans, net 8,385 $ (6,976) 14,408     953
Distributions to noncontrolling interests [1] (380,651)         (380,651)
Repurchase and retirement of common stock (in shares)   (10,646)        
Repurchase and retirement of common stock (538,876) $ (538,876)        
Purchase of Strike Force Midstream LLC noncontrolling interests (175,000) 1,818       (176,818)
Changes in ownership of consolidated subsidiaries 56,370 (158,560)       214,930
Distribution of Equitrans Midstream Corporation (4,388,341) $ (857,755)   1,459,330 903 (4,990,819)
Ending Balance (in shares) at Dec. 31, 2018   254,472        
Ending Balance at Dec. 31, 2018 10,958,229 $ 7,828,554 (49,194) 3,184,275 (5,406) 0
Net change in cash flow hedges:            
Change in accounting principle [2]       496 (496)  
Beginning Balance (in shares) at Dec. 31, 2018   254,472        
Beginning Balance at Dec. 31, 2018 10,958,229 $ 7,828,554 (49,194) 3,184,275 (5,406) 0
Increase (Decrease) in Stockholders' Equity            
Net (loss) income (1,221,695)     (1,221,695)    
Net change in cash flow hedges:            
Interest rate, net of tax 387       387  
Other postretirement benefits liability adjustment, net of tax 316       316  
Dividends ($0.12 per share) (30,655)     (30,655)    
Stock-based compensation plans, net (in shares)   921        
Share-based compensation plans, net 23,042 $ 6,355 16,687      
Distribution of Equitrans Midstream Corporation 90,889 $ (2,234)   93,123    
Other (in shares)   (222)        
Other (16,925) $ (14,470)   (2,455)    
Ending Balance (in shares) at Dec. 31, 2019   255,171        
Ending Balance at Dec. 31, 2019 $ 9,803,588 $ 7,818,205 $ (32,507) $ 2,023,089 $ (5,199) $ 0
[1]
For the year ended December 31, 2017, distributions to noncontrolling interests were $3.655 and $0.806 per common unit for EQM Midstream Partners, LP and EQGP Holdings, LP, respectively. For the year ended December 31, 2018, distributions to noncontrolling interests were $4.295, $1.123 and $0.5966 per common unit for EQM Midstream Partners, LP, EQGP Holdings, LP and RM Partners LP (formerly known as Rice Midstream Partners LP), respectively.
[2]
Related to adoption of ASU 2018-02. See Note 1.