<SEC-DOCUMENT>0001157523-15-003378.txt : 20151022
<SEC-HEADER>0001157523-15-003378.hdr.sgml : 20151022
<ACCEPTANCE-DATETIME>20151022063022
ACCESSION NUMBER:		0001157523-15-003378
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151022
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20151022
DATE AS OF CHANGE:		20151022

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQT Corp
		CENTRAL INDEX KEY:			0000033213
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				250464690
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03551
		FILM NUMBER:		151169036

	BUSINESS ADDRESS:	
		STREET 1:		625 LIBERTY AVENUE
		STREET 2:		SUITE 1700
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222
		BUSINESS PHONE:		4125535700

	MAIL ADDRESS:	
		STREET 1:		625 LIBERTY AVENUE
		STREET 2:		SUITE 1700
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15222

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQT Corp /PA/
		DATE OF NAME CHANGE:	20090206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITABLE RESOURCES INC /PA/
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITABLE GAS CO
		DATE OF NAME CHANGE:	19841120
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51205917.htm
<DESCRIPTION>EQT CORPORATION 8-K
<TEXT>
<html>
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  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <font style="font-size: 14pt; font-family: Times New Roman"><b>UNITED
      STATES</b></font><b><font style="font-size: 14pt; font-family: Times New Roman"><br style="font-size: 14pt; font-family: Times New Roman"></font><font style="font-size: 14pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><b><br><font style="font-size: 10pt; font-family: Times New Roman">Washington,
      D.C. 20549</font></b><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt; font-family: Times New Roman"><b>FORM 8-K</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>CURRENT
      REPORT</b></font><br><br><b>Pursuant To Section 13 or 15(d) of the
      Securities Exchange Act of 1934</b><br><br>
    </p>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman">Date of
      report (Date of earliest event reported) &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Times New Roman"><b>October
      22, 2015</b></font><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-size: 10pt; font-family: Times New Roman"></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt; font-family: Times New Roman"><b>EQT
      CORPORATION</b></font><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman"><b>PENNSYLVANIA</b></font>
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>1-3551</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>25-0464690</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of incorporation)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            File Number)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>625 Liberty Avenue, Suite 1700, Pittsburgh, Pennsylvania</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px; width: 50%" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>15222</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 50%" valign="bottom">
          <font style="font-size: 10pt; font-family: Times New Roman">(Address
          of Principal Executive Offices)</font>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 50%" valign="bottom">
          <font style="font-size: 10pt; font-family: Times New Roman">(Zip
          Code)</font>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">
      <font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code&#160;&#160;&#160;&#160;&#160;</font><b>(412)
      553-5700</b>
    </p>
    <p style="text-align: center">
      <br>
      <!--start_optional_former-->
      <font style="font-size: 10pt; font-family: Times New Roman">(Former name
      or former address, if changed since last report)</font><br><b>None</b>
    </p>
    <p style="text-align: left">
      <br>
      <font style="font-size: 10pt; font-family: Times New Roman">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(<i>see </i>General Instruction A.2.
      below)<font style="font-size: 10pt; font-family: Times New Roman">:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 2.02.</b> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.
    </p>
    <p>
      Today, EQT Corporation (EQT) issued a news release announcing its third
      quarter 2015 earnings.&#160;&#160;A copy of EQT&#8217;s news release is attached hereto
      and furnished as Exhibit 99.1 and is incorporated in this report by
      reference.
    </p>
    <p>
      The information in this Form 8-K, including the accompanying Exhibit
      99.1, shall not be deemed &#8220;filed&#8221; for purposes of Section 18 of the
      Securities Exchange Act of 1934 (the Exchange Act), or otherwise subject
      to the liability of such section, nor shall such information be deemed
      incorporated by reference in any filing under the Securities Act of 1933
      or the Exchange Act, regardless of the general incorporation language of
      such filing, except as shall be expressly set forth by specific
      reference in such filing.&#160;&#160;
    </p>
    <p style="white-space: nowrap">
      <b><br>
      Item 9.01.</b> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits.
    </p>
    <p style="white-space: nowrap">
      (d)&#160;&#160;Exhibits
    </p>
    <p>
      99.1&#160; News release dated October 22, 2015 issued by EQT Corporation
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: left">
      <u><font style="font-size: 10pt; font-family: Times New Roman">SIGNATURE</font></u>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font><br><br><br>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-style: solid; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            EQT CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Registrant)
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 40%">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          By:
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-style: solid; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Philip P. Conti
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Philip P. Conti
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 40%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Date:
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 40%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            October 22, 2015
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 50%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <br>
      <br>
      EXHIBIT INDEX
    </p>
    <p style="text-align: center">
      <br>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Exhibit No.</u>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>Document Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;&#160;&#160;&#160;&#160;&#160;99.1
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            News release dated October 22, 2015 issued by EQT Corporation
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51205917ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <head>
    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p>
      <font style="font-size: 12pt; font-family: Times New Roman"><b>EQT
      Reports Third Quarter 2015 Earnings</b></font>
    </p>
    <p>
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Low
      commodity prices continue to overwhelm strong operational results</b></font></i>
    </p>
    <p>
      PITTSBURGH--(BUSINESS WIRE)--October 22, 2015--EQT Corporation
      (NYSE:&#160;EQT) today announced third quarter 2015 net income attributable
      to EQT of $40.8 million, or&#160;$0.27 per diluted share (EPS), compared to
      third quarter 2014 earnings of $98.6&#160;million, or&#160;$0.65 EPS. The reported
      results were favorably impacted by the recognition of gains on natural
      gas hedging contracts for other periods. After excluding the impact of
      these derivative transactions, the adjusted net loss for the quarter was
      $50.2&#160;million, or negative $0.33&#160;adjusted EPS, compared to adjusted EPS
      of $0.50&#160;in the third quarter of 2014. Adjusted operating cash flow
      attributable to&#160;EQT&#160;was $156.3&#160;million in the third quarter 2015;
      $135.0&#160;million lower than the same period last year. The non-GAAP
      financial measures are detailed and reconciled in the Non-GAAP
      Disclosures section of this news release.
    </p>
    <p>
      <b>Highlights:</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Production sales volume was 27% higher
      </li>
      <li style="margin-bottom: 10.0px">
        Realized natural gas price was 42% lower
      </li>
      <li style="margin-bottom: 10.0px">
        Midstream net revenue was 17% higher
      </li>
      <li style="margin-bottom: 10.0px">
        Cash balance of $ 1.7 billion
      </li>
      <li style="margin-bottom: 10.0px">
        A $1.5 billion undrawn, unsecured revolver
      </li>
    </ul>
    <p>
      <u><b>RESULTS BY BUSINESS</b></u>
    </p>
    <p>
      <b>EQT Production</b>
    </p>
    <p>
      EQT Production achieved sales volume of 156.3 Bcfe in the third quarter
      2015, 27%&#160;higher than the third quarter 2014; however, the increase in
      revenue from the higher volume was more than offset by a 55% lower
      average realized sales price compared to the same quarter last year, at
      $1.21 per Mcfe. Adjusted net operating revenue for the quarter (a
      non-GAAP financial measure) was $188.5&#160;million, which was 43% lower.
      Adjusted operating loss for the third quarter (a non-GAAP financial
      measure) was $72.0&#160;million, compared to adjusted operating income of
      $107.9 million last year, excluding noncash gains on hedges of $128.3
      million applicable to other periods and $32.1 million, respectively.
    </p>
    <p>
      EQT Production&#8217;s total operating expense for the quarter was $325.2
      million, which was $53.5&#160;million higher than the same period last year
      and consistent with the significant growth in sales volume.
      Depreciation, depletion, and amortization (DD&amp;A) was $30.2 million
      higher. Transportation and processing expenses were $16.2 million
      higher; exploration expense was $4.6 million higher; selling, general
      and administrative (SG&amp;A) was $3.9 million higher and lease operating
      expense (LOE), excluding production taxes, was $1.6 million higher.
      Production taxes; however, were $3.0 million lower consistent with the
      lower average unhedged price.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The Company drilled (spud) 37 gross wells during the third quarter 2015,
      which included 31 Marcellus wells, with an average length-of-pay of
      5,800 feet; four&#160;Upper Devonian wells, with an average length-of-pay of
      6,900 feet; and two dry Utica wells, with an average length-of-pay of
      4,000 feet.
    </p>
    <p>
      <i>Guidance</i>
    </p>
    <p>
      The Company reiterates its 2015 guidance for production sales volume of
      595 &#8211; 605 Bcfe, including liquids volume of 9,000 &#8211; 10,000 MBBls. The
      Company also expects an average differential to the NYMEX natural gas
      price of negative $0.30 &#8211;$0.40 per Mcf for the full year and fourth
      quarter 2015.
    </p>
    <p>
      <b>EQT Midstream</b>
    </p>
    <p>
      EQT Midstream&#8217;s third quarter 2015 operating income was $113.0 million,
      21% higher than the third quarter of 2014. Net operating revenue was
      $195.3 million, 17% higher than the same period last year. Gathering
      revenue was 23% higher at $125.9 million, resulting from an increase in
      gathered volume. Transmission revenue increased by 12% to $62.7 million.
      Operating expenses for the quarter were $82.2&#160;million, which was $9.4
      million higher than the same period last year, consistent with the
      growth of the business. Per unit gathering and compression expense
      decreased by 14%, as volume continued to grow faster than expenses.
    </p>
    <p>
      <i>Guidance</i>
    </p>
    <p>
      The Company is reiterating the 2015 midstream earnings before interest,
      taxes, depreciation, and amortization (EBITDA) of $555 &#8211; $575 million.
    </p>
    <p>
      <b>Realized Price</b>
    </p>
    <p>
      In the third quarter, the Company&#8217;s average realized price was $2.12 per
      Mcfe, 42% lower than the $3.63 per Mcfe realized in the third quarter
      2014 &#8211; with $1.21 per Mcfe allocated to EQT Production and $0.91 per
      Mcfe allocated to EQT Midstream.
    </p>
    <p>
      <u><b>OTHER BUSINESS</b></u>
    </p>
    <p>
      <b>EQT Midstream Partners, LP (NYSE: EQM) / EQT GP Holdings, LP (NYSE:
      EQGP)</b>
    </p>
    <p>
      On May 15, 2015, EQT GP Holdings, LP, an EQT Corporation company,
      completed its initial public offering. EQT Corporation owns a 90%
      limited partner interest in EQGP, which holds EQT&#8217;s partnership
      interests in EQM.
    </p>
    <p>
      For the third quarter of 2015, EQT recorded earnings of $59.4 million,
      or $0.39 per diluted share, attributable to the publicly held limited
      partner interests in EQGP and EQM.
    </p>
    <p>
      On October 20, 2015, EQM announced a cash distribution to its
      unitholders of $0.675 per unit for the third quarter of 2015. EQGP also
      announced a cash distribution to its unitholders of $0.104 per unit for
      the third quarter of 2015.
    </p>
    <p>
      The results for EQM and EQGP were released today and are available at <u>www.eqtmidstreampartners.com</u>.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Hedging</b>
    </p>
    <p>
      During the quarter, the Company added to its hedge position. The
      Company's total natural gas production hedge position through 2017 is:
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2015**</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2016***</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2017***</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Fixed Price
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Total Volume (Bcf)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          75
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            248
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            103
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Average Price per Mcf (NYMEX)*
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.04
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3.81
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3.66
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Collars
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Total Volume (Bcf)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          7
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Average Floor Price per Mcf (NYMEX)*
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.47
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.15
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Average Cap Price per Mcf (NYMEX)*
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          7.19
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.03
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          *
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          The average price is based on a conversion rate of 1.05 MMBtu/Mcf
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          **
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          October through December
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: right" valign="top">
          ***
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          For 2016 and 2017, the Company also has a natural gas sales
          agreement for approximately 35 Bcf that includes a NYMEX ceiling
          price of $4.88 per Mcf. The Company also sold calendar year 2016 and
          2017 calls for approximately 11 Bcf and 17 Bcf at strike prices of
          $3.65 per Mcf and $3.79 per Mcf, respectively.
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>Operating Income</b>
    </p>
    <p>
      The Company reports operating income by segment in this news release.
      Interest, income taxes and unallocated expense are controlled on a
      consolidated, corporate-wide basis and are not allocated to the segments.
    </p>
    <p>
      The following table reconciles operating income by segment, as reported
      in this news release, to the consolidated operating income reported in
      the Company&#8217;s financial statements:
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px" valign="middle">

        </td>
        <td style="padding-left: 0.0px" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px" valign="middle">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="top" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px" valign="middle">
          (thousands)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Operating income:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          EQT Production
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          56,360
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          140,036
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          175,317
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          561,930
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          EQT Midstream
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          113,010
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          93,600
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          350,942
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          265,196
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="bottom">
          Unallocated expense
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          685
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (2,133
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (8,411
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (14,061
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 20.0px; text-align: left" valign="bottom">
          Operating income
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          170,055
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          231,503
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          517,848
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          813,065
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Unallocated expense is primarily due to certain incentive compensation
      and administrative costs that are not allocated to the operating
      segments.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Marcellus Horizontal Well Status (cumulative since inception)</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom">
          As of
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom">
          As of
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom">
          As of
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom">
          As of
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom">
          As of
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          9/30/15
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          6/30/15
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          3/31/15
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          12/31/14
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          9/30/14
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Wells spud
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          828
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          797
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          759
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          722
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          669
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Wells online
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          642
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          604
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          560
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          533
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          479
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Wells complete, not online
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          65
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          60
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          45
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          21
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          31
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Frac stages (spud wells)*
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          22,232
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          21,045
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          20,044
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          18,802
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          16,591
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Frac stages online
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          15,904
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          14,664
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,394
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          12,472
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          10,653
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Frac stages complete, not online
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,075
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,972
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,347
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          592
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,117
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>*Includes planned stages for spud wells that have not yet been
      hydraulically fractured.</i>
    </p>
    <p>
      <u><b>NON-GAAP DISCLOSURES</b></u>
    </p>
    <p>
      <b>Adjusted Net Income and Adjusted Earnings per Diluted Share</b>
    </p>
    <p>
      Adjusted net income and adjusted earnings per diluted share are non-GAAP
      supplemental financial measures that are presented because they are
      important measures used by management to evaluate period-to-period
      comparisons of earnings trends. Adjusted net income and adjusted
      earnings per diluted share should not be considered as alternatives to
      net income or earnings per diluted share presented in accordance with
      GAAP.
    </p>
    <p>
      The table below reconciles adjusted net income and adjusted earnings per
      diluted share with net income and earnings per diluted share, as derived
      from the statements of consolidated income to be included in EQT&#8217;s
      report on Form 10-Q for the quarter ended September 30, 2015.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="7">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          (thousands, except per share information)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net income attributable to EQT, as reported
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          40,787
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          98,555
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Add back / (deduct):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Asset impairments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          6,576
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,210
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Hedging ineffectiveness gain
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (34,348
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Gain on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (161,263
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,821
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Cash settlements received on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          32,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,604
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Premiums paid for derivatives that settled during the period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,029
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          Tax impact (26.4% and 32.8% effective tax rate for 2015 and 2014,
          respectively)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          32,623
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          10,604
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Adjusted net (loss) income attributable to EQT
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          (50,207
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          76,804
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Diluted weighted average common shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          152,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          152,330
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Diluted EPS, as adjusted
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.33
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.50
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Operating Cash Flow and Adjusted Operating Cash Flow Attributable to
      EQT</b>
    </p>
    <p>
      Operating cash flow and adjusted operating cash flow attributable to EQT
      are non-GAAP supplemental financial measures that are presented as
      indicators of an oil and gas exploration and production company&#8217;s
      ability to internally fund exploration and development activities and to
      service or incur additional debt. EQT includes this information because
      management believes that changes in operating assets and liabilities
      relate to the timing of cash receipts and disbursements, and therefore,
      may not relate to the period in which the operating activities occurred.
      Adjusted operating cash flow attributable to EQT excludes the
      noncontrolling interest portion of adjusted EQT Midstream Partners
      EBITDA (a non-GAAP supplemental financial measure reconciled below).
      Management believes that removing the impact on operating cash flows of
      the public unitholders of EQGP and EQM that is otherwise required to be
      consolidated in EQT&#8217;s results provides useful information to an EQT
      investor. Operating cash flow and adjusted operating cash flow
      attributable to EQT should not be considered as alternatives to net cash
      provided by operating activities presented in accordance with GAAP. The
      table below reconciles operating cash flow and adjusted operating cash
      flow attributable to EQT with net cash provided by operating activities,<b>
      </b>as derived from the statements of consolidated cash flows to be
      included in EQT&#8217;s report on Form 10-Q for the quarter ended September
      30, 2015.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="7">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="7">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          (thousands)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Net Income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          100,233
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          132,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          385,148
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          481,493
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Add back / (deduct):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Depreciation, depletion, and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          208,227
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          175,578
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          599,791
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          484,908
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Deferred income tax expense (benefit)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          116,967
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          47,724
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (78,958
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          102,301
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Asset impairments, non-cash
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          6,576
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,210
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          35,004
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,729
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Hedging ineffectiveness gain
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (34,348
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (13,075
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          (Gain) loss on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (161,263
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,821
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (209,114
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          16,058
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Cash settlements received (paid) on derivatives not designated as
          hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          32,099
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,604
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          70,874
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (9,232
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Non-cash gain on Nora asset exchange
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (37,749
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Non-cash gain on disposition
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,598
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Non-cash incentive compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,193
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          12,262
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          41,622
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          33,072
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="middle">
          Other items, net
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (3,262
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (170
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (8,538
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (4,381
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="middle">
          Operating cash flow:
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          312,770
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          335,333
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          835,829
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1,058,526
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="middle">
          Add back (deduct) :
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="middle">
          Changes in other assets and liabilities
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (68,579
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          41,192
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          64,389
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          83,419
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 5.0px; text-align: left" valign="middle">
          Net cash provided by operating activities
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          244,191
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          376,525
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          900,218
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1,141,945
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="7">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="7">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="top" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          (thousands)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Operating cash flow (a non-GAAP measure reconciled above)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          312,770
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          335,333
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          835,829
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,058,526
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          (Deduct) add back
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Noncontrolling interest portion of adjusted EQT Midstream Partners
          EBITDA (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (80,561
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (45,440
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (218,981
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (101,830
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Exploration expense (cash)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,600
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,396
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          5,014
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,748
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Drilling program reduction charges, cash
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,529
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,697
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Current taxes on transactions (b)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          150,425
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          72,788
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Non-recurring tax benefits
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (81,031
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (50,669
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Adjusted operating cash flow attributable to EQT
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          156,307
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          291,289
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          730,315
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1,033,232
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (a)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted EQT Midstream Partners EBITDA and noncontrolling interest
          portion of adjusted EQT Midstream Partners EBITDA are non-GAAP
          supplemental financial measures reconciled below.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (b)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Amount represents current tax expense related to the sale of the
          Northern West Virginia Marcellus Gathering System (NWV Gathering)
          and the sale of EQGP units in its initial public offering.
        </td>
      </tr>
    </table>
    </div>
    <p>
      <b>EQT Production Adjusted Net Operating Revenues</b>
    </p>
    <p>
      The table below reconciles EQT Production adjusted net operating
      revenues, a non-GAAP supplemental financial measure, to EQT Corporation
      total operating revenues, as derived from the statements of consolidated
      income to be included in EQT&#8217;s report on Form 10-Q for the quarter ended
      September 30, 2015.
    </p>
    <p>
      EQT reports gain (loss) for hedging ineffectiveness and gain (loss) on
      derivatives not designated as hedges within total operating revenues in
      the statements of consolidated income.
    </p>
    <p>
      EQT Production adjusted net operating revenues is presented because it
      is an important measure used by EQT&#8217;s management to evaluate
      period-over-period comparisons of earnings trends. EQT Production
      adjusted net operating revenues should not be considered as an
      alternative to EQT Corporation total operating revenues presented in
      accordance with GAAP. EQT Production adjusted net operating revenues as
      presented excludes the revenue impact of changes in the fair value of
      derivative instruments prior to settlement and is net of transportation
      and processing costs. Management utilizes EQT Production adjusted net
      operating revenues to evaluate earnings trends because the measure
      reflects only the impact of settled derivative contracts and thus does
      not burden the revenue from natural gas sales with the often volatile
      fluctuations in the fair value of derivatives prior to settlement. EQT
      Production adjusted net operating revenues also reflects third-party
      transportation and processing costs as deductions from operating
      revenues because management considers the net price realized for sales
      of products, after the costs of processing and transporting the product
      to sales points, to be an indicator of the quality of earnings
      period-over-period. Management also considers this to be an indicator of
      how well EQT is utilizing its transportation and processing contracts.
      The sale price for natural gas is significantly impacted by the market
      in which the gas is sold and the expense incurred to transport and
      process the gas is important in evaluating the quality of earnings
      period-over-period because the cost of reaching a higher priced market
      may exceed the incremental price benefit of that market as compared to
      the market where the gas is produced. This is particularly important to
      natural gas producers in the Appalachian Basin given pipeline
      constraints and the impact on pricing in the area. Management further
      believes that EQT Production adjusted net operating revenues as
      presented provides useful information for investors for evaluating
      period-over-period earnings and is consistent with industry practices.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Calculation of EQT Production adjusted net</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 5.0px; text-align: left" valign="bottom">
          <b>operating revenues</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          <i>$ in thousands (unless noted)</i>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          EQT Production total operating revenues, as reported on segment page
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          381,538
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          411,687
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,127,319
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,297,593
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          (Deduct) add back:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Gain for hedging ineffectiveness
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (34,348
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (13,075
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          (Gain) loss on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (160,458
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (832
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (209,881
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,036
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Net cash settlements received (paid) on derivatives not designated
          as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          33,170
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,040
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          69,714
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (5,895
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Premiums paid for derivatives that settled during the period
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,029
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,054
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          EQT Production transportation and processing, as reported on segment
          page
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (64,739
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (48,561
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (187,008
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (144,622
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          EQT Production adjusted net operating revenues, a non-GAAP measure
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          188,482
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          330,986
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          797,090
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,147,037
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Total sales volumes (MMcfe)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          156,296
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          123,342
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          448,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          339,601
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Average realized price to EQT Production ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.21
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.69
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.78
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.38
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Add:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          Gathering and Transmission to EQT Midstream ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.91
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.94
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.93
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.94
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Average realized price to EQT Corporation ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          2.12
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          3.63
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          2.71
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          4.32
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          EQT Production total operating revenues, as reported on segment page
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          381,538
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          411,687
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,127,319
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,297,593
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          EQT Midstream total operating revenues, as reported on segment page
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          198,579
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          173,856
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          599,235
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          502,427
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Less: intersegment revenues, net
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (3,102
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (6,820
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (7,592
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (33,504
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          EQT Corporation total operating revenues, as reported in accordance
          with GAAP
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          577,015
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          578,723
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1,718,962
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1,766,516
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>EQT Production Adjusted Operating (Loss) Income</b>
    </p>
    <p>
      The table below reconciles EQT Production adjusted operating
      (loss)&#160;income, a non-GAAP supplemental financial measure, to EQT
      Corporation operating income, as derived from the statements of
      consolidated income to be included in EQT&#8217;s report on Form 10-Q for the
      quarter ended September 30, 2015.
    </p>
    <p>
      EQT reports gain (loss) for hedging ineffectiveness and gain (loss) on
      derivatives not designated as hedges within operating income in the
      statements of consolidated income.
    </p>
    <p>
      EQT Production adjusted operating (loss)&#160;income is presented because it
      is an important measure used by EQT&#8217;s management to evaluate
      period-over-period comparisons of earnings trends. EQT Production
      adjusted operating (loss)&#160;income should not be considered as an
      alternative to EQT Corporation operating income presented in accordance
      with GAAP. EQT Production adjusted operating (loss)&#160;income as presented
      excludes the revenue impact of changes in the fair value of derivative
      instruments prior to settlement. Management utilizes EQT Production
      adjusted operating (loss)&#160;income to evaluate earnings trends because the
      measure reflects only the impact of settled derivative contracts and
      thus does not burden the income from natural gas sales with the often
      volatile fluctuations in the fair value of derivatives prior to
      settlement. Management further believes that EQT Production adjusted
      operating (loss)&#160;income as presented provides useful information for
      investors for evaluating period-over-period earnings.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="7">
          <b>Three Month Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="top" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          EQT Corporation operating income, as reported in accordance with GAAP
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            170,055
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            231,503
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Add back / (deduct):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Unallocated expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (685
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,133
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          EQT Midstream operating income, as reported on segment page
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (113,010
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (93,600
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          EQT Production operating income, as reported on segment page
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          56,360
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          140,036
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Add back / (deduct):
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Gain for hedging ineffectiveness
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (34,348
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Gain on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (160,458
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (832
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Net cash settlements received on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            33,170
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            3,040
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          Premiums paid for derivatives that settled during the period
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1,029
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            EQT Production adjusted operating (loss)&#160;income
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          (71,957
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          107,896
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Adjusted EQT Midstream Partners EBITDA and Noncontrolling Interest
      Portion of Adjusted EQT Midstream Partners EBITDA</b>
    </p>
    <p>
      As used in this news release, adjusted EQT Midstream Partners EBITDA
      means EQM&#8217;s net income plus EQM&#8217;s interest expense, depreciation and
      amortization expense, income tax expense (if applicable), and non-cash
      long-term compensation expense less EQM&#8217;s equity income, other income,
      capital lease payments, and adjusted EBITDA attributable to the Jupiter
      Gathering System (Jupiter) and NWV Gathering prior to acquisition. As
      used in this news release, noncontrolling interest portion of adjusted
      EQT Midstream Partners EBITDA means the portion of adjusted EQT
      Midstream Partners EBITDA attributable to the noncontrolling interest
      unit holders of EQM and EQT GP Holdings, LP (EQGP). Adjusted EQT
      Midstream Partners EBITDA and noncontrolling interest portion of
      adjusted EQT Midstream Partners EBITDA are non-GAAP supplemental
      financial measures that management and external users of the Company's
      consolidated financial statements, such as industry analysts, investors,
      lenders and rating agencies, use to assess the effects of the
      noncontrolling interests in relation to:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        the Company's operating performance as compared to other companies in
        its industry;
      </li>
      <li style="margin-bottom: 10.0px">
        the ability of the Company's assets to generate sufficient cash flow
        to make distributions to its investors;
      </li>
      <li style="margin-bottom: 10.0px">
        the Company's ability to incur and service debt and fund capital
        expenditures; and
      </li>
      <li style="margin-bottom: 10.0px">
        the viability of acquisitions and other capital expenditure projects
        and the returns on investment of various investment opportunities.
      </li>
    </ul>
    <p>
      The Company believes that adjusted EQT Midstream Partners EBITDA and
      noncontrolling interest portion of adjusted EQT Midstream Partners
      EBITDA provide useful information to investors in assessing the
      Company's financial condition and results of operations. Adjusted EQT
      Midstream Partners EBITDA and noncontrolling interest portion of
      adjusted EQT Midstream Partners EBITDA should not be considered as
      alternatives to EQM&#8217;s net income, operating income, or any other measure
      of financial performance or liquidity presented in accordance with GAAP.
      Adjusted EQT Midstream Partners EBITDA and noncontrolling interest
      portion of adjusted EQT Midstream Partners EBITDA have important
      limitations as analytical tools because they exclude some, but not all,
      items that affect EQM's net income. Additionally, because adjusted EQT
      Midstream Partners EBITDA and noncontrolling interest portion of
      adjusted EQT Midstream Partners EBITDA may be defined differently by
      other companies in the Company's or EQM's industries, the definition of
      adjusted EQT Midstream Partners EBITDA and noncontrolling interest
      portion of adjusted EQT Midstream Partners EBITDA may not be comparable
      to similarly titled measures of other companies, thereby diminishing
      their utility. The table below reconciles adjusted EQT Midstream
      Partners EBITDA and noncontrolling interest portion of adjusted EQT
      Midstream Partners EBITDA to EQM&#8217;s net income, as derived from the
      statements of consolidated operations to be included in EQM&#8217;s report on
      Form 10-Q for the quarter ended September 30, 2015.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="7">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="middle">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="7">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="middle">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          (thousands, unless noted)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net Income, EQT Midstream Partners
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          94,116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          67,701
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          280,741
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          181,667
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Add:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Interest expense, net
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          11,264
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,660
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          34,361
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          20,944
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,217
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          12,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          37,402
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          32,978
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          6,311
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          6,703
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          25,906
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Non-cash long-term compensation expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          328
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          779
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,133
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,584
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Less:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Equity income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (753
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,147
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Other income, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,716
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (806
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,599
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,634
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Capital lease payments for AVC
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,078
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (3,565
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (15,349
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (14,760
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Adjusted EBITDA attributable to Jupiter prior to acquisition<sup>(a)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (34,733
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="bottom">
          Adjusted EBITDA attributable to NWV Gathering prior to acquisition<sup>(b)</sup>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8211;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (20,178
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (19,841
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (43,236
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Adjusted EQT Midstream Partners EBITDA
        </td>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: right" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          113,378
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          71,447
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          320,404
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          169,716
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Noncontrolling interest ownership percentage<sup>(c)</sup>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          71.1
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          63.6
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          68.3
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          %
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          60.0
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          %
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Noncontrolling interest portion of Adjusted EQT Midstream Partners
          EBITDA
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          80,561
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          45,440
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          218,981
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          101,830
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (a)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted EBITDA attributable to Jupiter for the nine months ended
          September 30, 2014 was calculated as net income of $20.1 million,
          plus depreciation and amortization expense of $2.1 million, plus
          income tax expense of $12.5 million.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (b)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Adjusted EBITDA attributable to NWV Gathering for the nine months
          ended September 30, 2015 was calculated as net income of $11.1
          million plus depreciation and amortization expense of $2.0 million,
          plus income tax expense of $6.7 million. Adjusted EBITDA
          attributable to NWV Gathering for the three and nine months ended
          September 30, 2014 was calculated as net income of $11.2 million and
          $23.6 million, respectively, plus depreciation and amortization
          expense of $2.7 million and $6.2 million, respectively, plus income
          tax expense of $6.3 million and $13.4 million, respectively.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (c)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Represents weighted average noncontrolling interest ownership
          percentage for the period, which considers the impact of the 9.9%
          noncontrolling interest in EQGP.
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><i><b>Q3 2015 Webcast Information</b></i></u>
    </p>
    <p>
      The Company's conference call with securities analysts begins at 10:30
      a.m. Eastern Time today and will be broadcast live via the Company's web
      site at <u>http://www.eqt.com</u>, and on the investor information page
      of the Company&#8217;s web site at <u>http://ir.eqt.com</u>, with a
      replay available for seven days following the call.
    </p>
    <p>
      EQT Midstream Partners, LP and EQT GP Holdings, LP, for which EQT
      Corporation is the parent company, will also host a joint earnings
      teleconference with security analysts today, beginning at 11:30 a.m.
      Eastern Time. The call will be broadcast live via <u>http://www.eqtmidstreampartners.com</u>,
      with a replay available for seven days following the call.
    </p>
    <p>
      EQT Management speaks to investors from time-to-time and the analyst
      presentation for these discussions, which is updated periodically, is
      available via the Company&#8217;s investor relations website at <u>http://ir.eqt.com</u>.
    </p>
    <p>
      <u><b>About EQT Corporation:</b></u>
    </p>
    <p>
      EQT Corporation is an integrated energy company with emphasis on
      Appalachian area natural gas production, gathering, and transmission.
      With more than 125 years of experience, EQT continues to be a leader in
      the use of advanced horizontal drilling technology &#8211; designed to
      minimize the potential impact of drilling-related activities and reduce
      the overall environmental footprint. Through safe and responsible
      operations, the Company is committed to meeting the country&#8217;s growing
      demand for clean-burning energy, while continuing to provide a rewarding
      workplace and enrich the communities where its employees live and work.
      EQT also owns a 90% limited partner interest in EQT GP Holdings, LP. EQT
      GP Holdings, LP owns the general partner interest, all of the incentive
      distribution rights, and a portion of the limited partner interests in
      EQT Midstream Partners, LP.
    </p>
    <p>
      Visit EQT Corporation at <u>www.EQT.com</u>.
    </p>
    <p>
      <b>Cautionary Statements</b>
    </p>
    <p>
      The United States Securities and Exchange Commission (SEC) permits oil
      and gas companies, in their filings with the SEC, to disclose only
      proved, probable and possible reserves that a company anticipates as of
      a given date to be economically and legally producible and deliverable
      by application of development projects to known accumulations. We use
      certain terms, such as &#8220;EUR&#8221; (estimated ultimate recovery) and &#8220;3P&#8221;
      (proved, probable and possible), that the SEC&#8217;s guidelines prohibit us
      from including in filings with the SEC. These measures are by their
      nature more speculative than estimates of reserves prepared in
      accordance with SEC definitions and guidelines and accordingly are less
      certain.
    </p>
    <p>
      Total sales volume per day (or daily production) is an operational
      estimate of the daily production or sales volume on a typical day
      (excluding curtailments).
    </p>
    <p>
      EBITDA is defined as earnings before interest, taxes, depreciation, and
      amortization and is not a financial measure calculated in accordance
      with GAAP. EBITDA is a non-GAAP supplemental financial measure that the
      Company&#8217;s management and external users of the Company&#8217;s financial
      statements, such as industry analysts, investors, lenders and rating
      agencies, may use to assess: (i) the Company&#8217;s performance versus prior
      periods; (ii) the Company&#8217;s operating performance as compared to other
      companies in its industry; (iii) the ability of the Company&#8217;s assets to
      generate sufficient cash flow to make distributions to its investors;
      (iv) the Company&#8217;s ability to incur and service debt and fund capital
      expenditures; and (v) the viability of acquisitions and other capital
      expenditure projects and the returns on investment of various investment
      opportunities.
    </p>
    <p>
      The Company is unable to provide a reconciliation of projected EBITDA to
      projected operating income, the most comparable financial measure
      calculated in accordance with GAAP, due to the unknown effect, timing
      and potential significance of certain income statement items.
    </p>
    <p>
      Similarly, the Company is unable to provide a reconciliation of its
      projected operating cash flow to projected net cash provided by
      operating activities, the most comparable financial measure calculated
      in accordance with GAAP, because of uncertainties associated with
      projecting future net income and changes in assets and liabilities.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Cash balance and revolver availability are as of September 30, 2015.
    </p>
    <p>
      Disclosures in this news release contain certain forward-looking
      statements within the meaning of Section 21E of the Securities Exchange
      Act of 1934, as amended, and Section 27A of the Securities Act of 1933,
      as amended. Statements that do not relate strictly to historical or
      current facts are forward-looking. Without limiting the generality of
      the foregoing, forward-looking statements contained in this news release
      specifically include the expectations of plans, strategies, objectives
      and growth and anticipated financial and operational performance of the
      Company and its subsidiaries, including guidance regarding the Company&#8217;s
      strategy to develop its Marcellus, Utica and other reserves; drilling
      plans and programs (including the number, type, feet of pay and location
      of wells to be drilled); projected natural gas prices, basis, recoveries
      and average differential; total resource potential, reserves, EUR,
      expected decline curve and reserve replacement ratio; projected
      production sales volume and growth rates (including liquids sales volume
      and growth rates); projected finding and development costs, operating
      costs, unit costs, well costs and midstream revenue deductions;
      projected gathering and transmission volume and growth rates; projected
      firm pipeline capacity and sales; the Company&#8217;s access to, and timing
      of, capacity on pipelines; infrastructure programs (including the
      timing, cost and capacity of the transmission and gathering expansion
      projects); the timing, cost, capacity and expected interconnects with
      facilities and pipelines of the Ohio Valley Connector and Mountain
      Valley Pipeline (MVP) projects; the ultimate terms, partners and
      structure of the MVP joint venture; technology (including drilling and
      completion techniques); projected EQT Midstream and EQT Midstream
      Partners, LP (EQM) EBITDA; monetization transactions, including asset
      sales (dropdowns) to EQM and other asset sales, joint ventures or other
      transactions involving the Company&#8217;s assets; the Company&#8217;s use of
      proceeds from the initial public offering of EQGP common units; the
      projected cash flows resulting from the Company&#8217;s limited partner
      interests in EQGP; internal rate of return (IRR) and returns per well;
      projected capital expenditures; the amount and timing of any repurchases
      under the Company&#8217;s share repurchase authorization; liquidity and
      financing requirements, including funding sources and availability;
      projected operating revenues, cash flows and cash-on-hand; hedging
      strategy; the effects of government regulation and litigation; the
      dividend and distribution amounts and rates; and tax position. These
      forward-looking statements involve risks and uncertainties that could
      cause actual results to differ materially from projected results.
      Accordingly, investors should not place undue reliance on
      forward-looking statements as a prediction of actual results. The
      Company has based these forward-looking statements on current
      expectations and assumptions about future events. While the Company
      considers these expectations and assumptions to be reasonable, they are
      inherently subject to significant business, economic, competitive,
      regulatory and other risks and uncertainties, many of which are
      difficult to predict and beyond the Company&#8217;s control. The risks and
      uncertainties that may affect the operations, performance and results of
      the Company&#8217;s business and forward-looking statements include, but are
      not limited to, those set forth under Item 1A, &#8220;Risk Factors,&#8221; of the
      Company&#8217;s Form 10-K for the year ended December 31, 2014, as updated by
      any subsequent Form 10-Qs.
    </p>
    <p>
      Any forward-looking statement speaks only as of the date on which such
      statement is made and the Company does not intend to correct or update
      any forward-looking statement, whether as a result of new information,
      future events or otherwise.
    </p>
    <p>
      Information in this news release regarding EQGP and its subsidiaries,
      including EQM, is derived from publicly available information published
      by the partnerships.
    </p>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="17">
          <b>EQT CORPORATION AND SUBSIDIARIES</b>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>Statements of Consolidated Income (Unaudited)</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="top">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="3">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="3">
          <b>2014</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="15">
          <b>(Thousands, except per share amounts)</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenues:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Sales of natural gas, oil and NGLs
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          358,977
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          526,521
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,306,684
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,596,894
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Pipeline and marketing services
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          56,775
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          50,381
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          203,164
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          185,680
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Gain (loss) on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          161,263
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          1,821
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          209,114
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          (16,058
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="top">
          Total operating revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          577,015
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          578,723
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          1,718,962
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          1,766,516
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operating expenses:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Transportation and processing
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          65,033
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          49,121
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          187,709
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          146,019
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Operation and maintenance
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          32,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          27,944
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          92,693
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          80,752
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Production
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          32,505
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          33,840
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          95,353
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          97,662
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Exploration
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          8,177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          3,606
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          32,153
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          12,477
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          60,633
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          57,131
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          193,415
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          169,382
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Depreciation, depletion and amortization
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          208,227
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          175,578
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          599,791
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          484,908
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="top">
          Total operating expenses
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          406,960
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          347,220
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          1,201,114
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          991,200
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Gain on sale / exchange of assets
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          37,749
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operating income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          170,055
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          231,503
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          517,848
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          813,065
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Other income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          2,661
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          1,004
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          6,289
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          6,134
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          36,547
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          35,717
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          110,596
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          99,558
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income before income taxes
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          136,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          196,790
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          413,541
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          719,641
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Income tax expense
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          35,936
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          64,496
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          28,393
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          239,920
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Income from continuing operations
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          100,233
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          132,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          385,148
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          479,721
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Income from discontinued operations, net of tax
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          1,772
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net income
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          100,233
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          132,294
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          385,148
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          481,493
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Less: Net income attributable to noncontrolling interests
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          59,446
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          33,739
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          165,398
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          79,824
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="top">
          Net income attributable to EQT Corporation
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          40,787
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          98,555
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          219,750
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          401,669
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Amounts attributable to EQT Corporation:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="bottom">
          Income from continuing operations
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          40,787
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          98,555
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          219,750
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          399,897
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Income from discontinued operations, net of tax
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          1,772
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 40.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          40,787
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          98,555
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          219,750
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          401,669
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Earnings per share of common stock attributable to EQT Corporation:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Basic:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="bottom">
          Weighted average common stock outstanding
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          152,551
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          151,557
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          152,326
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          151,533
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="bottom">
          Income from continuing operations
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.65
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.44
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.64
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Income from discontinued operations, net of tax
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          0.01
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 40.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.27
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.65
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1.44
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          2.65
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Diluted:
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="bottom">
          Weighted average common stock outstanding
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          152,854
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          152,330
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          152,789
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          152,468
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="bottom">
          Income from continuing operations
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.27
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.65
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.44
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.62
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="bottom">
          Income from discontinued operations, net of tax
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          0.01
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 40.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.27
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.65
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          1.44
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          2.63
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="bottom">
          Dividends declared per common share
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.03
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.03
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.09
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          0.09
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>EQT CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="17">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>PRICE RECONCILIATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>Three Months Ended</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>September 30,</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="7">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          <i>in thousands (unless noted)</i>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2014</b>
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>LIQUIDS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          <i><b>NGLs:</b></i>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Sales volume (MMcfe) (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,827
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          12,047
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          39,552
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            27,768
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Sales volume (Mbbls)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,304
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,008
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          6,592
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            4,628
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Gross price ($/Bbl)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          8.10
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          42.27
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          15.17
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            46.46
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Gross NGL sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          18,665
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          84,868
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          99,983
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            215,016
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Third-party processing
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (19,970
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (17,883
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (57,084
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (45,456
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            )
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Net NGL sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1,305
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          66,985
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          42,899
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            169,560
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          <i><b>Oil:</b></i>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Sales volume (MMcfe) (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,102
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          933
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,250
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1,632
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Sales volume (Mbbls)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          184
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          155
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          542
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            272
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Net price ($/Bbl)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          39.13
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          87.91
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          41.02
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            87.46
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Net oil sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          7,187
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,668
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          22,221
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            23,785
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Net liquids sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          5,882
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          80,653
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          65,120
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            193,345
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>NATURAL GAS</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Sales volume (MMcf)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          141,367
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          110,362
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          405,743
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            310,201
          </p>
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          NYMEX price ($/MMBtu) (b)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.77
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.05
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.80
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.52
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Btu uplift
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.28
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.41
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.26
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.38
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Gross natural gas price ($/Mcf)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.05
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.06
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.90
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Basis ($/Mcf)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1.54
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1.54
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (1.26
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.90
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Recoveries ($/Mcf) (c)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.64
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.80
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.88
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.79
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Cash settled basis swaps (not designated as hedges) ($/Mcf)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.01
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.02
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.02
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.04
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Average differential ($/Mcf)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.89
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.76
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.40
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.15
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Average adjusted price - unhedged ($/Mcf)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.16
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.70
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.66
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.75
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Cash settled derivatives (cash flow hedges) ($/Mcf)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.46
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.08
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.50
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.12
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Cash settled derivatives (not designated as hedges) ($/Mcf)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.21
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.05
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.19
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.02
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Average adjusted price, including cash settled derivatives ($/Mcf)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.83
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.83
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.35
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.65
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Net natural gas sales, including cash settled derivatives
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          401,382
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          422,359
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,355,645
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,444,221
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>TOTAL PRODUCTION</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Total net natural gas &amp; liquids sales, including cash settled
          derivatives
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          407,264
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          503,012
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,420,765
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,637,566
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Total sales volume (MMcfe)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          156,296
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          123,342
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          448,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          339,601
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Net natural gas &amp; liquids price, including cash settled derivatives
          ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.61
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.08
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.17
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          4.82
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>Midstream Deductions ($/Mcfe)</b>
        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Gathering to EQT Midstream
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.72
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.74
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.74
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.74
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Transmission to EQT Midstream
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.19
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.20
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.19
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          (0.20
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: left; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Third-party gathering and transmission costs
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.49
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.45
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.46
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (0.50
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Total midstream deductions
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1.40
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1.39
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1.39
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (1.44
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Average realized price to EQT Production ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1.21
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          2.69
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1.78
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          3.38
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Gathering and transmission to EQT Midstream ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.91
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.94
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.93
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.94
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 10.0px; text-align: left" valign="top">
          Average realized price to EQT Corporation ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          2.12
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          3.63
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          2.71
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          4.32
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (a)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          NGLs and crude oil were converted to Mcfe at the rate of six Mcfe
          per barrel for all periods.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (b)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          The Company&#8217;s volume weighted NYMEX natural gas price (actual
          average NYMEX natural gas price ($/MMBtu) was $2.77 and $4.06 for
          the three months ended September 30, 2015 and 2014, respectively,
          and $2.80 and $4.55 for the nine months ended September 30, 2015 and
          2014, respectively).
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (c)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Recoveries represent differences in natural gas prices between the
          Appalachian Basin and the sales points of other markets reached by
          utilizing transportation capacity, differences in natural gas prices
          between Appalachian Basin and fixed price sales contracts, term
          sales with fixed differentials to NYMEX and other marketing
          activity, including the sale of unused pipeline capacity. Recoveries
          include approximately $0.20 and $0.19 per Mcf for the three months
          ended September 30, 2015 and 2014, respectively, and $0.20 and $0.18
          per Mcf for the nine months ended September 30, 2015 and 2014,
          respectively, for the sale of unused pipeline capacity.
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px" rowspan="2" valign="middle">
          <b>UNIT COSTS</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td rowspan="2">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="middle" colspan="5">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="5">
          <b>Sept 30,</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="middle" colspan="5">
          <b>Sept 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          <b>2014</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px" valign="middle">
          Production segment costs: ($/Mcfe)
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          LOE
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.12
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.14
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.12
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.14
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Production taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.09
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.09
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.15
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          SG&amp;A
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.23
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.26
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.24
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.27
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.44
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.54
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.45
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.56
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px" valign="middle">
          Midstream segment costs: ($/Mcfe)
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Gathering and transmission
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.17
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.18
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.17
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.20
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          SG&amp;A
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.13
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.15
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.13
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          0.15
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.30
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.33
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.30
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.35
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px" valign="middle">
          Total ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.74
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.87
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.75
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.91
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td colspan="5">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="15">
          <b>EQT PRODUCTION</b>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="15">
          <b>RESULTS OF OPERATIONS</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5">

        </td>
        <td>

        </td>
        <td colspan="6">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="6">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>OPERATIONAL DATA</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Sales volume detail (MMcfe):
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Horizontal Marcellus Play (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          129,645
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          97,861
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          373,522
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          266,835
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Horizontal Huron Play
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          9,643
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          9,187
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          28,177
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          24,165
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Other (b)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          17,008
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          16,294
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          46,846
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          48,601
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Total production sales volumes (c)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          156,296
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          123,342
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          448,545
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          339,601
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Average daily sales volumes (MMcfe/d)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          1,699
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,341
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,643
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,244
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Average realized price to EQT Production ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1.21
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2.69
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.78
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3.38
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Lease operating expenses (LOE), excluding production taxes ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.12
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.12
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Production taxes ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.09
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.09
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.15
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Production depletion ($/Mcfe)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            1.16
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.23
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.16
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1.22
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Depreciation, depletion and amortization (DD&amp;A) (thousands):
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Production depletion
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            181,857
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          151,576
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          521,741
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          413,794
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Other DD&amp;A
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          2,420
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          2,455
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          7,330
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          7,727
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Total DD&amp;A (thousands)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            184,277
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          154,031
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          529,071
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          421,521
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Capital expenditures (thousands)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            451,358
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          511,971
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,453,647
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,855,518
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          <b>FINANCIAL DATA (thousands)</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Revenues:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Production sales
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            221,080
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          376,507
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          917,438
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,297,554
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Gain for hedging ineffectiveness
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          34,348
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,075
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Gain (loss) on derivatives not designated as hedges
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          160,458
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          832
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          209,881
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          (13,036
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: left; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Total operating revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          381,538
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          411,687
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,127,319
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,297,593
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Operating expenses:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Transportation and processing
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          64,739
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          48,561
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          187,008
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          144,622
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          LOE, excluding production taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          18,808
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          17,166
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          53,615
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          47,526
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Production taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          13,698
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          16,674
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          41,739
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          50,136
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Exploration expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          8,163
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          3,593
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          32,128
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          12,444
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="top">
          Selling, general and administrative (SG&amp;A)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          35,493
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          31,626
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          108,441
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          90,400
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          DD&amp;A
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          184,277
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          154,031
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          529,071
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          421,521
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="top">
          Total operating expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom" colspan="2">
          325,178
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          271,651
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          952,002
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          766,649
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">
          Gain on sale / exchange of assets
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="2">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          30,986
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="top">
          Operating income
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            56,360
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          140,036
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          175,317
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          561,930
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (a)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes Upper Devonian wells.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (b)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes 1,731 MMcfe of Dry Utica sales volume for the quarter and
          nine months ended September 30, 2015.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (c)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          NGLs and crude oil were converted to Mcfe at the rate of six Mcfe
          per barrel for all periods.
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; margin-bottom: 10pt; margin-right: 0pt; width: 100%; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="13">
          <b>EQT MIDSTREAM</b>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="top" colspan="13">
          <b>RESULTS OF OPERATIONS</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="5">

        </td>
        <td>

        </td>
        <td colspan="5">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="5">
          <b>Three Months Ended</b>
        </td>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: center; padding-right: 0.0px" valign="bottom" colspan="5">
          <b>Nine Months Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-style: solid" valign="bottom" colspan="5">
          <b>September 30,</b>
        </td>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: center" valign="bottom">

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom" colspan="5">
          <b>September 30,</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2015</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: center; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          <b>2014</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          <b>OPERATIONAL DATA</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Net operating revenues (thousands):
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Gathering
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Firm reservation fee revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          68,205
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,936
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          194,869
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          24,945
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Volumetric based fee revenues:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="middle">
          Usage fees under firm contracts (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          8,815
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          16,385
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          25,567
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          27,492
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="top">
          Usage fees under interruptible contracts
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          48,899
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          72,116
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          157,277
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          230,580
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="top">
          Total volumetric based fee revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          57,714
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          88,501
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          182,844
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          258,072
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="top">
          Total gathering revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          125,919
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          102,437
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          377,713
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          283,017
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Transmission
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Firm reservation fee revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          50,657
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          39,409
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          162,602
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          120,061
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Volumetric based fee revenues:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="middle">
          Usage fees under firm contracts (a)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          11,129
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          13,592
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          29,706
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          33,509
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 20.0px; text-align: left" valign="middle">
          Usage fees under interruptible contracts
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          897
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          2,794
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          3,422
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          5,854
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="middle">
          Total volumetric based fee revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          12,026
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          16,386
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          33,128
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          39,363
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="middle">
          Total transmission revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          62,683
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          55,795
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          195,730
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          159,424
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom" colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom" colspan="2">

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom" colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          Storage, marketing and other net revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          6,657
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          8,245
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          17,792
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          25,085
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 30.0px; text-align: left" valign="middle">
          Total net operating revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          195,259
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          166,477
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          591,235
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          467,526
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Gathered volumes (BBtu per day):
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Firm reservation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,150
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          231
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,085
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          129
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="middle">
          Volumetric based services (b)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          947
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1,455
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          967
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          1,399
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="middle">
          Total gathered volumes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,097
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,686
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,052
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,528
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Gathering and compression expense ($/MMBtu)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.12
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.14
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.12
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          0.15
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Transmission pipeline throughput (BBtu per day):
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Firm capacity reservation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,751
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,219
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,866
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,265
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="middle">
          Volumetric based services (b)
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          300
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          598
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          257
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          435
        </td>
      </tr>
      <tr>
        <td style="padding-left: 30.0px; text-align: left" valign="middle">
          Total transmission pipeline throughput
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,051
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,817
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,123
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,700
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Average contracted firm transmission reservation commitments (BBtu
          per day)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,390
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,784
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          2,567
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          1,847
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Capital expenditures (thousands)
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          130,902
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          136,589
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          368,019
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          333,813
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          <b>FINANCIAL DATA (thousands)</b>
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Total operating revenues
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          198,579
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          173,856
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          599,235
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          502,427
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          Purchased gas costs
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          3,320
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          7,379
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          8,000
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          34,901
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="middle">
          Total net operating revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          195,259
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          166,477
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          591,235
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          467,526
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="middle">
          Operating expenses:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          Operation and maintenance (O&amp;M)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          32,371
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          27,844
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          92,399
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          80,442
        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="middle">
          SG&amp;A
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          26,048
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          23,324
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          77,477
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          64,803
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 10.0px; text-align: left" valign="middle">
          DD&amp;A
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          23,830
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          21,709
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          70,417
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          63,848
        </td>
      </tr>
      <tr>
        <td style="padding-left: 20.0px; text-align: left" valign="middle">
          Total operating expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          82,249
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          72,877
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          240,293
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-left: 0.0px; text-align: right; padding-right: 0.0px" valign="bottom">
          209,093
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; padding-left: 0.0px; text-align: left" valign="middle">
          Gain on sale / exchange of assets
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; border-bottom-style: solid">
          &#160;
        </td>
        <td style="border-bottom-width: 1.0pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: solid; padding-right: 0.0px" valign="bottom">
          6,763
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 4.0px; padding-left: 0.0px; text-align: left" valign="middle">
          Operating income
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          113,010
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          93,600
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          350,942
        </td>
        <td>

        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="border-bottom-width: 2.25pt; border-bottom-color: black; white-space: nowrap; padding-left: 0.0px; text-align: right; border-bottom-style: double; padding-right: 0.0px" valign="bottom">
          265,196
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; margin-bottom: 10.0px; font-size: 8pt; width: 100%" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (a)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          &#160;
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes commodity charges and fees on volumes gathered or
          transported in excess of firm contracted capacity.
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          (b)
        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Includes volumes gathered or transported under interruptible
          contracts and volumes in excess of firm contracted capacity.
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br><b>EQT analyst inquires:</b><br>Patrick Kane &#8211; Chief
      Investor Relations Officer<br>412-553-7833<br><u>pkane@eqt.com</u><br>or<br><b>EQT
      Midstream Partners / EQT GP Holdings analyst inquires:</b><br>Nate
      Tetlow &#8211; Investor Relations Director<br>412-553-5834<br><u>ntetlow@eqt.com</u><br>or<br><b>Media
      inquiries please contact:</b><br>Natalie Cox &#8211; Corporate Director,
      Communications<br>412-395-3941<br><u>ncox@eqt.com</u>
    </p>
    <p>

    </p>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
