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Statements of Condensed Consolidated Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 349,199 $ 203,399
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 54,577 63,252
Depreciation, depletion, and amortization 309,330 317,693
Gain on sale / exchange of assets (37,749)  
Gain on dispositions (3,598)  
Provision for losses on accounts receivable 919 2,246
Other income (5,130) (4,441)
Stock-based compensation expense 20,810 27,480
Loss recognized in operating revenues for hedging ineffectiveness 21,273 7,954
Loss (gain) on derivatives not designated as hedges 17,879 (1,250)
Cash settlements on derivatives not designated as hedges (10,836) 372
Lease impairment 6,519 8,133
Changes in other assets and liabilities:    
Dividend from Nora Gathering, LLC 9,463 4,500
Excess tax benefits on stock-based compensation (28,497)  
Accounts receivable and unbilled revenues (443) (11,093)
Inventory 6,267 23,952
Accounts payable 50,952 (18,005)
Other items, net 33,712 (27,232)
Net cash provided by operating activities 794,647 596,960
Cash flows from investing activities:    
Capital expenditures from continuing operations (1,023,747) (777,990)
Capital expenditures associated with Range asset exchange (157,256)  
Capital expenditures from discontinued operations   (15,163)
Restricted cash, net (342,744)  
Proceeds from sale of assets 7,444  
Net cash used in investing activities (1,516,303) (793,153)
Cash flows from financing activities:    
Proceeds from the issuance of common units of EQT Midstream Partners, LP, net of issuance costs 902,451  
Increase in short-term loans 450,000 185,500
Decrease in short-term loans (120,000) (130,500)
Dividends paid (9,101) (9,038)
Distributions to noncontrolling interests (25,674) (10,350)
Repayments and retirements of long-term debt (3,169) (20,161)
Proceeds and tax benefits from exercises under employee compensation plans 42,042 15,387
Cash paid for taxes related to net settlement of share-based payment awards (48,826)  
Revolving credit facility origination fees (5,075)  
Repurchase and retirement of common stock (32,368)  
Net cash provided by financing activities 1,150,280 30,838
Net change in cash and cash equivalents 428,624 (165,355)
Cash and cash equivalents at beginning of period 845,641 182,055
Cash and cash equivalents at end of period 1,274,265 16,700
Cash paid during the period for:    
Interest, net of amount capitalized 62,519 75,281
Income taxes, net $ 89,050 $ 25,061