XML 105 R84.htm IDEA: XBRL DOCUMENT v3.25.0.1
Debt - Narrative (Details)
1 Months Ended 4 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended
Dec. 30, 2024
USD ($)
Dec. 27, 2024
USD ($)
Jul. 22, 2024
USD ($)
extension
Jan. 22, 2024
USD ($)
Jan. 19, 2024
USD ($)
Jan. 17, 2024
USD ($)
Jan. 12, 2024
USD ($)
shares
Aug. 21, 2023
USD ($)
Nov. 09, 2022
USD ($)
Jan. 31, 2024
USD ($)
$ / shares
shares
Jan. 17, 2024
Apr. 30, 2020
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
Dec. 31, 2024
USD ($)
Aug. 20, 2023
Dec. 31, 2024
USD ($)
Dec. 30, 2024
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 10, 2024
USD ($)
Nov. 25, 2024
USD ($)
Nov. 22, 2024
USD ($)
Debt Instrument [Line Items]                                            
Proceeds from revolving credit facility borrowings                               $ 6,887,000,000   $ 1,007,000,000 $ 10,242,000,000      
Debt instrument, face amount                         $ 5,836,058,000 $ 9,368,516,000   9,368,516,000   5,836,058,000        
Repayments of long-term debt                               4,313,867,000   1,015,836,000 917,039,000      
Outstanding borrowings                         5,795,113,000 9,324,177,000   9,324,177,000   5,795,113,000        
Payments of debt issuance costs                               18,854,000   5,336,000 26,506,000      
Issuance of common stock for convertible notes settlement                               285,608,000   122,830,000 63,000      
Settlement of capped call transaction                               93,290,000   0 0      
Capped call                                            
Debt Instrument [Line Items]                                            
Settlement of capped call transaction       $ 93,300,000                                    
Senior notes                                            
Debt Instrument [Line Items]                                            
Outstanding borrowings                         $ 4,500,000,000 8,900,000,000   8,900,000,000   4,500,000,000        
Aggregate purchase price                           4,427,532,000   4,427,532,000            
Aggregate maturities in 2025                           0   0            
Aggregate maturities in 2026                           508,000,000   508,000,000            
Aggregate maturities in 2027                           1,170,000,000   1,170,000,000            
Aggregate maturities in 2028                           500,000,000   500,000,000            
Aggregate maturities in 2029                           318,000,000   318,000,000            
Aggregate maturities thereafter                           1,860,000,000   1,860,000,000            
Conversion strike price (in dollars per share) | $ / shares                       $ 15.00                    
Capped price (in dollars per share) | $ / shares                       $ 18.75                    
Senior notes | Capped call                                            
Debt Instrument [Line Items]                                            
Capped call transaction                       $ 32,500,000                    
Senior Unsecured Bridge Term Loan | Unsecured Debt | EQM                                            
Debt Instrument [Line Items]                                            
Proceeds from revolving credit facility borrowings   $ 2,230,000,000                                        
Debt instrument, face amount                                           $ 2,300,000,000
EQM Revolving Credit Facility | Note payable | EQM                                            
Debt Instrument [Line Items]                                            
Repayments of long-term debt     $ 705,000,000                                      
Payments of interest and fees     4,500,000                                      
Term Loan Facility due June 30, 2026 | Loans Payable                                            
Debt Instrument [Line Items]                                            
Weighted average interest rates                         6.90%       6.80%          
Unused commitment fee paid to maintain credit facility                             0.20%              
Debt instrument, face amount                         $ 1,250,000,000 0   0   1,250,000,000        
Repayments of long-term debt $ 500,000,000       $ 750,000,000                                  
Proceeds from issuance of debt               $ 1,250,000,000 $ 1,250,000,000                          
Net of issuance costs               $ 1,242,900,000                            
Outstanding borrowings                         1,244,265,000 0   0   1,244,265,000        
Aggregate purchase price                           1,256,151,000   1,256,151,000            
EQT's 5.750% notes due February 1, 2034 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount         $ 750,000,000               0 $ 750,000,000   $ 750,000,000   0        
Interest rate (percent)         5.75%                 5.75%   5.75%            
Outstanding borrowings                         0 $ 742,796,000   $ 742,796,000   0        
Net proceeds from issuance of the senior notes         $ 742,000,000                                  
EQT's note payable to EQM                                            
Debt Instrument [Line Items]                                            
Aggregate maturities in 2025                           0   0            
Aggregate maturities in 2026                           0   0            
Aggregate maturities in 2027                           1,400,000,000   1,400,000,000            
Aggregate maturities in 2028                           119,000,000   119,000,000            
Aggregate maturities in 2029                           1,343,000,000   1,343,000,000            
Aggregate maturities thereafter                           1,680,000,000   1,680,000,000            
EQT's note payable to EQM | Note payable                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount                         88,483,000 0   0   88,483,000        
Outstanding borrowings                         88,483,000 0   0   88,483,000        
EQT's note payable to EQM | Senior notes                                            
Debt Instrument [Line Items]                                            
Aggregate purchase price                                       $ 1,300,000,000 $ 1,275,000,000  
EQM's 6.500% notes due July 15, 2048 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount                         0 $ 80,233,000   $ 80,233,000   0        
Interest rate (percent)                           6.50%   6.50%            
Outstanding borrowings                         0 $ 81,338,000   $ 81,338,000   0        
Aggregate purchase price                           510,774,000   510,774,000            
EQM's 5.500% notes due July 15, 2028 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount                         0 $ 118,683,000   $ 118,683,000   0        
Interest rate (percent)                           5.50%   5.50%            
Outstanding borrowings                         0 $ 118,204,000   $ 118,204,000   0        
Aggregate purchase price                           765,293,000   765,293,000            
EQM's 4.50% notes due January 15, 2029 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount                         0 $ 742,923,000   $ 742,923,000   0        
Interest rate (percent)                           4.50%   4.50%            
Outstanding borrowings                         0 $ 711,754,000   $ 711,754,000   0        
Aggregate purchase price                           57,541,000   57,541,000            
EQM's 7.500% notes due June 1, 2030 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount                         0 $ 500,000,000   $ 500,000,000   0        
Interest rate (percent)                           7.50%   7.50%            
Outstanding borrowings                         0 $ 535,671,000   $ 535,671,000   0        
EQM Midstream 6.000% notes due July 1, 2025 | Senior notes                                            
Debt Instrument [Line Items]                                            
Interest rate (percent)                           6.00%   6.00%            
Aggregate purchase price                           $ 413,217,000   $ 413,217,000            
EQM Midstream 4.125% notes due December 1, 2026 | Senior notes                                            
Debt Instrument [Line Items]                                            
Interest rate (percent)                           4.125%   4.125%            
Aggregate purchase price                           $ 501,662,000   $ 501,662,000            
1.75% convertible notes due May 1, 2026 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt instrument, face amount                       $ 500,000,000                    
Interest rate (percent)                       1.75%                    
Effective interest rate (percent)           2.40%         2.40%                      
Conversion ratio             0.0690364                              
Debt principal repaid           $ 600,000                                
January 2024 | Senior notes                                            
Debt Instrument [Line Items]                                            
Redemption price, percentage                     100.00%                      
Debt conversion, converted instrument, amount             $ 289,600,000                              
Shares issued (in shares) | shares             19,992,482                              
Issuance of common stock for convertible notes settlement             $ 285,600,000                              
Convertible Debt Settled January 2024, Including Exercise Notices Received In December 2023 | Senior notes                                            
Debt Instrument [Line Items]                                            
Debt conversion, converted instrument, amount                   $ 290,200,000                        
Shares issued (in shares) | shares                   20,036,639                        
Average conversion price (in dollars per share) | $ / shares                   $ 38.03                        
Revolving Credit Facility | PNC Bank, National Association                                            
Debt Instrument [Line Items]                                            
Financial commitments held under revolving credit facility (percent)                               10.00%            
Revolving Credit Facility | EQT Fourth A& R Revolving Credit Facility                                            
Debt Instrument [Line Items]                                            
Line of credit facility, maximum borrowing capacity     $ 3,500,000,000                     $ 3,500,000,000   $ 3,500,000,000            
Number of extensions | extension     2                                      
Extension term     1 year                                      
Commitment amount     $ 1,000,000,000                                      
Financial commitments under facility percentage                           65.00%   65.00%            
Letters of credit outstanding                         $ 15,000,000 $ 1,000,000   $ 1,000,000   15,000,000        
Maximum amount of outstanding borrowings                               2,357,000,000   269,000,000 1,300,000,000      
Average daily balance of loans outstanding                               $ 936,000,000   $ 40,000,000 $ 466,000,000      
Weighted average interest rates                               6.60%   6.90% 2.80%      
Unused commitment fee paid to maintain credit facility                               0.20%   0.20% 0.20%      
Revolving Credit Facility | EQT Fourth A& R Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)                                            
Debt Instrument [Line Items]                                            
Credit spread adjustment (percent)     0.10%                                      
Revolving Credit Facility | EQT Fourth A& R Revolving Credit Facility | Minimum | Base Rate                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)     0.125%                                      
Revolving Credit Facility | EQT Fourth A& R Revolving Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR)                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)     1.125%                                      
Revolving Credit Facility | EQT Fourth A& R Revolving Credit Facility | Maximum | Base Rate                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)     1.00%                                      
Revolving Credit Facility | EQT Fourth A& R Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR)                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)     2.00%                                      
Revolving Credit Facility | Eureka Revolving Credit Facility                                            
Debt Instrument [Line Items]                                            
Line of credit facility, maximum borrowing capacity                           400,000,000   $ 400,000,000            
Letters of credit outstanding                           0   $ 0            
Maximum amount of outstanding borrowings                           330,000,000                
Average daily balance of loans outstanding                           $ 328,000,000                
Weighted average interest rates                           7.80%                
Unused commitment fee paid to maintain credit facility                           0.50%                
Revolving Credit Facility | Eureka Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)                                            
Debt Instrument [Line Items]                                            
Credit spread adjustment (percent)                           0.10%                
Revolving Credit Facility | Eureka Revolving Credit Facility | Minimum | Base Rate                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)                           1.00%                
Revolving Credit Facility | Eureka Revolving Credit Facility | Minimum | Secured Overnight Financing Rate (SOFR)                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)                           2.00%                
Revolving Credit Facility | Eureka Revolving Credit Facility | Maximum | Base Rate                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)                           2.25%                
Revolving Credit Facility | Eureka Revolving Credit Facility | Maximum | Secured Overnight Financing Rate (SOFR)                                            
Debt Instrument [Line Items]                                            
Basis spread on variable rate (percent)                           3.25%