Eqgp holdings, lp (EQGP)
Income statement / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14
Operating revenues

364,584

269,761

232,842

230,916

206,293

196,815

200,072

-

-

-

185,786

184,723

148,789

144,613

154,811

120,922

109,327

Operating expenses:
Operating and maintenance

48,092

24,587

18,176

29,996

19,589

18,315

16,817

21,526

18,198

16,353

17,136

19,936

18,456

17,232

14,479

13,837

13,626

Selling, general and administrative

31,619

26,369

14,372

19,887

19,301

16,401

18,612

20,042

18,301

18,903

18,480

19,001

14,539

14,765

15,653

12,674

12,865

Depreciation

43,567

28,076

23,179

33,294

22,244

21,400

20,547

-

-

-

14,007

12,493

13,217

12,258

11,927

12,545

10,436

Amortization of intangible assets

10,387

10,387

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

133,665

89,419

55,727

83,177

61,134

56,116

55,976

-

-

-

49,623

51,430

46,212

44,255

42,059

39,056

36,927

Operating income

230,919

180,342

177,115

147,739

145,159

140,699

144,096

-

-

-

136,163

133,293

102,577

100,358

112,752

81,866

72,400

Equity income

16,087

10,938

8,811

-

6,025

5,111

4,277

-

-

-

-

-

-

-

-

0

0

Other income

1,345

944

898

23,801

637

1,402

1,537

-

-

-

7,602

3,948

2,469

1,563

714

806

559

Net interest expense

-40,966

-20,659

-10,817

-10,156

-9,414

-8,658

-7,922

-

-

-

-4,551

13,015

-11,266

-11,640

-11,457

-8,660

-6,629

Income before income taxes

-

-

-

-

-

-

-

-

-

-

139,214

150,256

93,780

90,281

102,009

74,012

66,330

Income tax expense

-

-

-

-

-

-

-

-

-

-

3,435

-23,444

0

5,436

20,334

15,139

13,705

Net income

207,385

171,565

176,007

145,971

142,407

138,554

141,988

-

-

-

135,779

173,700

93,780

84,845

81,675

58,873

52,625

Net income attributable to noncontrolling interests

109,896

68,269

95,334

75,628

75,463

75,224

80,612

-

-

-

77,787

66,823

55,644

56,189

47,741

33,739

27,343

Net income attributable to EQGP Holdings, LP

97,489

103,296

80,673

70,343

66,944

63,330

61,376

-

-

-

57,992

106,877

38,136

28,656

33,934

25,134

25,282

Calculation of limited partner interest in net income:
Net income attributable to EQT GP Holdings, LP

97,489

103,296

80,673

70,343

66,944

63,330

61,376

-

-

-

57,992

106,877

38,136

28,656

33,934

25,134

25,282

Less results attributable to the pre-IPO period

-

-

-

-

-

-

-

-

-

-

-

-

0

-8,303

-

-

-

Less pre-acquisition net income allocated to parent

-2,386

-11,407

-

-

0

0

-

-

-

-

-7,670

-

-

-

-

-

-

Limited partner interest in net income

95,103

91,889

-

-

66,944

63,330

-

-

-

-

50,322

-

38,136

20,353

-

-

-

Net income per common unit basic and diluted (in dollars per share)

0.31

0.32

0.30

0.26

0.25

0.24

0.23

-

-

-

0.19

-

0.14

0.08

-

-

-

Weighted average common units outstanding basic and diluted (in shares)

302,490

284,343

266,193

266,185

266,186

266,186

266,183

-

-

-

266,173

-

266,168

266,167

-

-

-

Cash distributions declared per unit (in dollars per share)

0.31

0.30

0.25

-

0.22

0.21

0.19

-

-

-

0.13

-

0.10

0.04

-

-

-