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STATEMENTS OF CONDENSED CONSOLIDATED EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
Total
Equitrans Midstream Merger
Olympus Energy Acquisition
Common Stock
Common Stock
Equitrans Midstream Merger
Common Stock
Olympus Energy Acquisition
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest in Consolidated Subsidiaries
Noncontrolling Interest in Consolidated Subsidiaries
Equitrans Midstream Merger
Beginning balance (in shares) at Dec. 31, 2023       419,896            
Beginning balance at Dec. 31, 2023 $ 14,780,817     $ 12,093,986     $ 2,681,898 $ (2,684) [1] $ 7,617  
Comprehensive (loss) income, net of tax                    
Net (loss) income (185,130)           (187,818)   2,688  
Other post-retirement benefits liability adjustment, net of tax 114             114 [1]    
Dividends (232,994)           (232,994)      
Share-based compensation plans (in shares)       3,952            
Share-based compensation plans 54,751     $ 54,751            
Convertible Notes settlements (Note 7) (in shares)       19,992            
Convertible Notes settlements (Note 7) 285,608     $ 285,608            
Net settlement of Capped Call Transactions (Note 7) 93,290     $ 93,290            
Merger and Acquisition (in shares)         152,428          
Merger and Acquisition   $ 5,693,502     $ 5,548,608         $ 144,894
Distributions to noncontrolling interest (1,640)               (1,640)  
Ending balance (in shares) at Sep. 30, 2024       596,268            
Ending balance at Sep. 30, 2024 20,488,318     $ 18,076,243     2,261,086 (2,570) [1] 153,559  
Beginning balance (in shares) at Jun. 30, 2024       441,597            
Beginning balance at Jun. 30, 2024 15,124,748     $ 12,464,492     2,655,940 (2,598) [2] 6,914  
Comprehensive (loss) income, net of tax                    
Net (loss) income (297,432)           (300,823)   3,391  
Other post-retirement benefits liability adjustment, net of tax 28             28 [2]    
Dividends (94,031)           (94,031)      
Share-based compensation plans (in shares)       2,243            
Share-based compensation plans 63,143     $ 63,143            
Merger and Acquisition (in shares)         152,428          
Merger and Acquisition   5,693,502     $ 5,548,608         144,894
Distributions to noncontrolling interest (1,640)               (1,640)  
Ending balance (in shares) at Sep. 30, 2024       596,268            
Ending balance at Sep. 30, 2024 20,488,318     $ 18,076,243     2,261,086 (2,570) [1] 153,559  
Beginning balance (in shares) at Dec. 31, 2024       596,870            
Beginning balance at Dec. 31, 2024 24,278,136     $ 18,014,711     2,585,238 (2,321) [1] 3,680,508  
Comprehensive (loss) income, net of tax                    
Net (loss) income 1,579,290           1,362,148   217,142  
Other post-retirement benefits liability adjustment, net of tax 151             151 [1]    
Dividends (284,250)           (284,250)      
Share-based compensation plans (in shares)       1,965            
Share-based compensation plans 4,205     $ 4,205            
Convertible Notes settlements (Note 7) 0                  
Merger and Acquisition (in shares)           25,229        
Merger and Acquisition   $ 248 $ 1,471,365     $ 1,471,365       $ 248
Change in ownership of consolidated subsidiary 375     $ 375            
Distributions to noncontrolling interest (259,217)               (259,217)  
Ending balance (in shares) at Sep. 30, 2025       624,064            
Ending balance at Sep. 30, 2025 26,790,303     $ 19,490,656     3,663,136 (2,170) [2] 3,638,681  
Beginning balance (in shares) at Jun. 30, 2025       598,812            
Beginning balance at Jun. 30, 2025 25,097,850     $ 17,999,758     3,425,732 (2,230) [2] 3,674,590  
Comprehensive (loss) income, net of tax                    
Net (loss) income 407,216           335,862   71,354  
Other post-retirement benefits liability adjustment, net of tax 60             60 [2]    
Dividends (98,458)           (98,458)      
Share-based compensation plans (in shares)       23            
Share-based compensation plans 19,533     $ 19,533            
Merger and Acquisition (in shares)           25,229        
Merger and Acquisition     $ 1,471,365     $ 1,471,365        
Distributions to noncontrolling interest (107,263)               (107,263)  
Ending balance (in shares) at Sep. 30, 2025       624,064            
Ending balance at Sep. 30, 2025 $ 26,790,303     $ 19,490,656     $ 3,663,136 $ (2,170) [2] $ 3,638,681  
[1] Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.
[2] Amounts included in accumulated other comprehensive loss are related to other postretirement benefits liability adjustments, net of tax, which are attributable to net actuarial losses and net prior service costs.