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Statements of Condensed Consolidated Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 306,009 $ 140,185
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 14,869 45,473
Depreciation, depletion, and amortization 493,341 354,817
Provision for (recovery of) losses on accounts receivable 986 (3,187)
Other income (6,846) (13,841)
Stock-based compensation expense 37,108 28,752
Unrealized (gains) losses on derivatives and inventory (2,310) 3,140
Lease impairment 12,132 1,159
Noncash financial instrument put premiums   8,227
Changes in other assets and liabilities:    
Dividend from Nora Gathering, LLC 9,000 7,750
Accounts receivable and unbilled revenues 37,826 50,870
Inventory 13,014 35,981
Prepaid expenses and other 12,473 (6,479)
Accounts payable 17,168 (10,001)
Accrued interest 27,030 28,285
Other items, net 35,300 (1,161)
Net cash provided by operating activities 1,007,100 669,970
Cash flows from investing activities:    
Capital expenditures (1,259,634) (1,023,503)
Proceeds from sale of assets   4,842
Net cash used in investing activities (1,259,634) (1,018,661)
Cash flows from financing activities:    
Proceeds from the issuance of common units of EQT Midstream Partners, LP, net of issuance costs 529,442 276,780
Dividends paid (13,565) (98,840)
Distributions to noncontrolling interests (21,160)  
Repayments and retirements of long-term debt (23,204) (19,315)
Proceeds and tax benefits from exercises under employee compensation plans 22,863 1,831
Revolving credit facility origination fees   (4,022)
Net cash provided by financing activities 494,376 156,434
Net change in cash and cash equivalents 241,842 (192,257)
Cash and cash equivalents at beginning of period 182,055 831,251
Cash and cash equivalents at end of period 423,897 638,994
Cash paid during the period for:    
Interest, net of amount capitalized 83,660 93,872
Income taxes, net $ 76,669 $ 17,193