Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events

Subsequent Events

23.Subsequent Events

On February 13, 2012, EQT Midstream Partners, LP (the Partnership) filed a registration statement with the SEC relating to a proposed underwritten initial public offering of common units representing limited partner interests in the Partnership.  EQT recently formed the Partnership to own, operate, acquire and develop midstream assets in the Appalachian Basin.  If the offering is completed, the Company would contribute to the Partnership 100% of Equitrans, LP (Equitrans, the Company’s wholly owned interstate pipeline subsidiary).  Prior to that contribution, Equitrans would distribute to the Company certain assets currently under construction, subject to FERC approval.  As a result, the Partnership would contain approximately 29% of the Midstream segment’s assets as of December 31, 2011.  The registration statement has not yet become effective.  EQT will serve as the general partner of the Partnership and continue to operate this business pursuant to an omnibus agreement and an operation and management services agreement. EQT will continue to consolidate the Partnership results subsequent to the offering.