Eqm midstream partners, lp (EQM)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Sep'11Jun'11
Operating revenues  affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

95,530

88,608

0

0

0

Operating revenues  third party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

27,010

24,659

0

0

0

Revenue from Contract with Customer, Excluding Assessed Tax

1,693,573

1,630,242

1,589,174

1,545,324

1,513,854

1,495,098

1,402,685

1,244,394

1,066,512

895,558

794,852

765,331

746,558

732,272

725,323

697,340

663,911

632,936

599,274

571,407

536,121

489,218

494,646

451,200

417,544

354,001

338,685

295,661

249,655

236,293

122,540

113,267

0

0

0

Operating expenses:
Operating and maintenance

63,239

52,700

162,360

167,448

164,162

163,451

148,661

120,141

95,186

84,831

72,289

70,898

68,936

69,255

70,998

71,256

72,135

69,478

66,378

61,759

58,153

56,413

58,190

54,093

48,834

42,727

42,153

40,522

38,317

38,709

26,719

27,786

0

0

0

Selling, General and Administrative Expense

105,597

110,620

124,040

127,055

128,361

121,831

106,313

98,211

86,311

77,321

71,063

70,030

72,347

72,470

71,398

67,878

63,476

61,606

56,640

55,109

54,247

51,149

54,187

48,701

43,866

35,574

30,352

28,388

24,692

24,978

19,261

18,449

0

0

0

Separation and other transaction costs

19,935

19,344

19,416

21,321

11,313

7,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

237,209

223,160

207,734

192,104

177,699

171,914

169,927

148,604

127,894

107,161

83,705

76,100

69,231

62,691

55,670

54,248

51,975

49,895

53,485

52,813

50,991

49,061

45,785

39,864

35,862

30,906

29,252

27,273

24,009

22,006

13,688

11,902

0

0

0

Amortization of Intangible Assets

57,494

53,300

49,017

44,864

41,501

41,500

36,700

26,313

15,926

5,540

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments of long-lived assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Oil and Gas Properties

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

1,505,987

1,426,056

1,203,303

894,876

784,985

768,445

469,112

398,619

325,317

274,853

227,057

217,028

210,514

204,416

198,066

193,382

187,586

180,979

176,503

169,681

163,391

156,623

158,162

142,658

128,562

109,207

101,757

96,183

87,018

85,693

59,668

58,137

0

0

0

Operating Income (Loss)

187,586

204,186

385,871

650,448

728,869

726,653

933,573

845,775

741,195

620,705

567,795

548,303

536,044

527,856

527,257

503,958

476,325

451,957

422,771

401,726

372,730

332,595

336,484

308,542

288,982

244,794

236,928

199,478

162,637

150,600

62,872

55,130

0

0

0

Income (Loss) from Equity Method Investments

186,288

163,279

138,235

109,874

84,030

61,778

42,594

32,532

26,705

22,171

0

0

0

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

Other income

6,721

4,601

6,324

7,332

6,317

5,011

4,056

3,348

3,806

4,439

-801

12,041

21,048

27,113

34,517

23,507

14,661

7,773

6,425

4,762

3,758

3,313

2,031

1,544

1,214

1,242

1,303

2,126

6,054

8,228

8,921

8,439

0

0

0

Interest Income (Expense), Net

204,809

209,984

45,838

58,756

85,408

122,094

-13,771

17,808

32,211

36,955

-31,332

-24,708

-20,140

-16,766

1,568

-6,894

-14,440

-21,345

-24,288

-21,684

-16,673

-10,871

-22,003

-13,539

-7,123

-1,672

-6,378

-6,114

-4,687

-2,944

4,580

5,810

0

0

0

Income before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

548,101

563,342

520,571

476,546

438,385

404,908

384,804

359,815

325,037

316,512

296,547

283,073

244,364

237,359

200,996

167,082

155,884

67,349

57,759

0

0

0

Income Tax Expense (Benefit)

-

-

-

-

-

-

-

-

-

-

-

-

-

10,147

-13,297

-16,524

-20,009

-16,741

21,018

27,329

34,691

40,221

56,556

60,238

65,073

54,573

54,734

46,467

41,200

45,668

19,875

21,303

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

165,436

162,082

332,080

582,222

660,436

671,348

892,542

825,553

730,007

610,360

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to noncontrolling interest

-17,684

-21,291

-25,664

4,033

853

3,346

4,080

4,080

3,227

734

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income attributable to EQM

183,120

183,373

357,744

578,189

659,583

668,002

888,462

821,473

726,780

609,626

560,973

551,695

544,415

537,954

576,639

537,095

496,555

455,126

383,890

357,475

325,124

284,816

259,956

236,309

218,000

189,791

182,625

154,529

125,882

110,216

47,474

36,456

0

0

0

Calculation of limited partner common unit interest in net income:
Net Income (Loss) Attributable to Parent

183,120

183,373

357,744

578,189

659,583

668,002

888,462

821,473

726,780

609,626

560,973

551,695

544,415

537,954

576,639

537,095

496,555

455,126

383,890

357,475

325,124

284,816

259,956

236,309

218,000

189,791

182,625

154,529

125,882

110,216

47,474

36,456

0

0

0

Less: Series A Preferred Units interest in net income

99,482

73,981

48,480

22,979

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less pre-acquisition net income allocated to EQT

-

-

0

-8,490

-

-164,242

-201,964

-193,474

-120,854

-37,722

0

-7,094

-14,191

-21,861

-83,537

-76,443

-69,346

-72,782

-39,599

-50,767

-63,157

-72,194

-135,914

-141,084

-109,066

-86,213

7,868

0

0

-

0

-

-

-

-

Less general partner interest in net income - general partner units

-

-

1,092

-1,287

-

-6,104

-9,774

-9,910

-10,658

-10,060

-9,866

-9,575

-9,337

-9,173

-8,874

-8,510

-8,126

-7,455

-567

-3,247

-4,213

-4,252

-12,197

-8,412

-5,155

-2,927

527

0

0

-

0

-

-

-

-

General Partner Interest in Net Income (Loss) Allocated to Incentive Distribution Rights

-

-

-72,675

-143,642

-

-255,927

-224,332

-190,980

-157,009

-143,531

-130,058

-117,355

-105,422

-93,568

-82,171

-69,914

-57,779

-46,992

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited partner interest in net income

83,638

109,392

237,681

401,791

363,723

241,729

452,392

427,109

438,259

418,313

421,049

417,671

415,465

413,352

402,057

382,228

361,304

327,897

301,489

273,881

238,256

196,917

158,461

133,429

110,209

100,651

84,879

0

0

-

0

-

-

-

-

Net (loss) income per limited partner common unit – basic (in dollars per share)

1.13

-1.52

-0.18

0.65

1.63

-1.41

1.14

1.09

1.61

-

-

-

1.36

1.32

1.23

1.27

1.39

1.29

1.12

1.12

1.18

1.17

0.86

0.81

0.69

0.59

0.61

0.59

0.68

-

0.40

-

-

-

-

Net (loss) income per limited partner common unit – diluted (in dollars per share)

1.08

-1.44

-0.18

0.62

1.56

-1.41

1.14

1.09

1.61

-

-

-

1.36

1.32

1.23

1.27

1.39

1.28

1.12

1.12

1.18

1.17

0.85

0.81

0.69

0.59

0.60

0.59

0.68

-

0.40

-

-

-

-

Weighted average limited partner common units outstanding – basic (in shares)

200,495

201,116

200,483

200,482

154,259

121,072

111,980

83,553

80,607

-

-

-

80,602

80,411

80,599

78,865

77,593

73,586

70,929

70,722

63,211

60,203

60,699

54,259

47,819

49,072

44,526

34,679

34,679

-

34,679

-

-

-

-

Weighted average limited partner common units outstanding – diluted (in shares)

232,100

215,116

200,483

207,482

161,259

121,072

111,980

83,553

80,607

-

-

-

80,602

80,413

80,599

78,865

77,675

73,751

71,086

70,876

63,379

60,381

60,827

54,386

47,938

49,196

44,639

34,785

34,768

-

34,684

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

1.28

1.27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average limited partner units outstanding basic and diluted (in shares)

-

-

-

-

-

-

-

-

-

-

80,603

80,603

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash distributions declared per unit (in dollars per share)

0.38

1.16

1.16

1.16

1.14

1.13

1.11

1.09

1.06

-

0.98

0.93

-

0.85

0.81

0.78

0.74

-

0.67

0.64

0.61

-

0.55

0.52

0.49

-

0.43

0.40

0.37

-

0.35

-

-

-

-