| Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Sep'14 | Jun'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating revenues | ||||||||||||||||
1,098,103 | 939,812 | 866,866 | 834,096 | 0 | 0 | 0 | - | - | - | 663,911 | 632,936 | 569,135 | 529,673 | 0 | 0 | 0 |
Operating expenses: | ||||||||||||||||
Operating and maintenance | ||||||||||||||||
120,851 | 92,348 | 86,076 | 84,717 | 76,247 | 74,856 | 72,894 | 73,213 | 71,623 | 71,881 | 72,760 | 70,103 | 64,004 | 59,174 | 0 | 0 | 0 |
Selling, general and administrative | ||||||||||||||||
92,247 | 79,929 | 69,961 | 74,201 | 74,356 | 73,356 | 75,858 | 75,726 | 74,685 | 70,923 | 66,785 | 63,958 | 57,631 | 55,957 | 0 | 0 | 0 |
Depreciation | ||||||||||||||||
128,116 | 106,793 | 100,117 | 97,485 | 0 | 0 | 0 | - | - | - | 51,975 | 49,895 | 49,947 | 47,166 | 0 | 0 | 0 |
Amortization of intangible assets | ||||||||||||||||
0 | 0 | - | - | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - |
Total operating expenses | ||||||||||||||||
361,988 | 289,457 | 256,154 | 256,403 | 0 | 0 | 0 | - | - | - | 191,520 | 183,956 | 171,582 | 162,297 | 0 | 0 | 0 |
Operating income | ||||||||||||||||
736,115 | 650,355 | 610,712 | 577,693 | 0 | 0 | 0 | - | - | - | 472,391 | 448,980 | 397,553 | 367,376 | 0 | 0 | 0 |
Equity income | ||||||||||||||||
0 | 0 | 0 | - | 0 | 0 | 0 | - | - | - | - | - | - | - | - | 0 | 0 |
Other income | ||||||||||||||||
26,988 | 26,280 | 26,738 | 27,377 | 0 | 0 | 0 | - | - | - | 15,582 | 8,694 | 5,552 | 3,642 | 0 | 0 | 0 |
Net interest expense | ||||||||||||||||
-82,598 | -51,046 | -39,045 | -36,150 | 0 | 0 | 0 | - | - | - | -14,442 | -21,348 | -43,023 | -38,386 | 0 | 0 | 0 |
Income before income taxes | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 473,531 | 436,326 | 360,082 | 332,632 | 0 | 0 | 0 |
Income tax expense | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -14,573 | 2,326 | 40,909 | 54,614 | 0 | 0 | 0 |
Net income | ||||||||||||||||
700,928 | 635,950 | 602,939 | 568,920 | 0 | 0 | 0 | - | - | - | 488,104 | 434,000 | 319,173 | 278,018 | 0 | 0 | 0 |
Net income attributable to noncontrolling interests | ||||||||||||||||
349,127 | 314,694 | 321,649 | 306,927 | 0 | 0 | 0 | - | - | - | 256,443 | 226,397 | 193,313 | 165,012 | 0 | 0 | 0 |
Net income attributable to EQGP Holdings, LP | ||||||||||||||||
351,801 | 321,256 | 281,290 | 261,993 | 0 | 0 | 0 | - | - | - | 231,661 | 207,603 | 125,860 | 113,006 | 0 | 0 | 0 |
Calculation of limited partner interest in net income: | ||||||||||||||||
Net income attributable to EQT GP Holdings, LP | ||||||||||||||||
351,801 | 321,256 | 281,290 | 261,993 | 0 | 0 | 0 | - | - | - | 231,661 | 207,603 | 125,860 | 113,006 | 0 | 0 | 0 |
Less results attributable to the pre-IPO period | ||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | - | - | - |
Less pre-acquisition net income allocated to parent | ||||||||||||||||
0 | 0 | - | - | 0 | 0 | - | - | - | - | 0 | - | - | - | - | - | - |
Limited partner interest in net income | ||||||||||||||||
0 | 0 | - | - | 0 | 0 | - | - | - | - | 0 | - | 0 | 0 | - | - | - |
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 | - | - | - |