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Financial Information by Business Segment (Tables) | 6 Months Ended
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Jun. 30, 2016
Segment Reporting [Abstract] |
Schedule of company's operating revenues, income from operations and assets | Substantially all of the Company’s operating revenues, income from operations and assets are generated or located in the United States.
Three Months Ended June 30, 2016 | EQT Production |  | EQT Midstream |  | Intersegment Eliminations |  | EQT Corporation
Revenues: |  |  |  |  |  |  |
Sales of natural gas, oil and NGLs | $ | 304,532 |  |  | $ | — |  |  | $ | — |  |  | $ | 304,532 |
Pipeline and marketing services | 2,123 |  |  | 214,298 |  |  | (158,729 | ) |  | 57,692 |
Loss on derivatives not designated as hedges | (234,693 | ) |  | — |  |  | — |  |  | (234,693 | )
Total operating revenues | $ | 71,962 |  |  | $ | 214,298 |  |  | $ | (158,729 | ) |  | $ | 127,531 |
Three Months Ended June 30, 2015 | EQT Production (a) |  | EQT Midstream |  | Intersegment Eliminations (a) |  | EQT Corporation
Revenues: |  |  |  |  |  |  |
Sales of natural gas, oil and NGLs | $ | 373,756 |  |  | $ | — |  |  | $ | — |  |  | $ | 373,756 |
Pipeline and marketing services | 9,822 |  |  | 193,348 |  |  | (141,597 | ) |  | 61,573 |
Gain (loss) on derivatives not designated as hedges | 5,177 |  |  | (918 | ) |  | — |  |  | 4,259 |
Total operating revenues | $ | 388,755 |  |  | $ | 192,430 |  |  | $ | (141,597 | ) |  | $ | 439,588 |
Six Months Ended June 30, 2016 | EQT Production |  | EQT Midstream |  | Intersegment Eliminations |  | EQT Corporation
Revenues: |  |  |  |  |  |  |
Sales of natural gas, oil and NGLs | $ | 668,959 |  |  | $ | — |  |  | $ | — |  |  | $ | 668,959 |
Pipeline and marketing services | 6,709 |  |  | 439,027 |  |  | (316,397 | ) |  | 129,339 |
Loss on derivatives not designated as hedges | (125,698 | ) |  | — |  |  | — |  |  | (125,698 | )
Total operating revenues | $ | 549,970 |  |  | $ | 439,027 |  |  | $ | (316,397 | ) |  | $ | 672,600 |
Six Months Ended June 30, 2015 | EQT Production (a) |  | EQT Midstream |  | Intersegment Eliminations (a) |  | EQT Corporation
Revenues: |  |  |  |  |  |  |
Sales of natural gas, oil and NGLs | $ | 960,164 |  |  | $ | — |  |  | $ | — |  |  | $ | 960,164 |
Pipeline and marketing services | 22,959 |  |  | 402,228 |  |  | (278,798 | ) |  | 146,389 |
Gain (loss) on derivatives not designated as hedges | 49,423 |  |  | (1,572 | ) |  | — |  |  | 47,851 |
Total operating revenues | $ | 1,032,546 |  |  | $ | 400,656 |  |  | $ | (278,798 | ) |  | $ | 1,154,404 |
(a) | For the three and six months ended June 30, 2016, EQT Production presented affiliated gathering and transmission costs as operating expenses for consistency with the presentation of third party costs. Historically, these affiliated costs have been presented as revenue deductions. Certain previously reported amounts have been reclassified to conform with current year presentation.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Thousands)
Operating (loss) income: |  |  |  |  |  |  |  |  |  |  |
EQT Production | $ | (444,000 | ) |  | $ | (66,886 | ) |  | $ | (455,254 | ) |  | $ | 118,957 |
EQT Midstream | 124,528 |  |  | 108,192 |  |  | 266,387 |  |  | 237,931 |
Unallocated expenses (b) | (5,020 | ) |  | (8,272 | ) |  | (8,424 | ) |  | (9,095 | )
Total operating (loss) income | $ | (324,492 | ) |  | $ | 33,034 |  |  | $ | (197,291 | ) |  | $ | 347,793 |
(b) | Unallocated expenses consist primarily of incentive compensation expense and administrative costs.
Reconciliation of operating income to income from continuing operations | Reconciliation of operating (loss) income to net (loss) income:
Total operating (loss) income | $ | (324,492 | ) |  | $ | 33,034 |  |  | $ | (197,291 | ) |  | $ | 347,793 |
Other income | 7,644 |  |  | 2,689 |  |  | 12,484 |  |  | 3,628 |
Interest expense | 36,305 |  |  | 36,833 |  |  | 72,485 |  |  | 74,049 |
Income tax benefit | (172,346 | ) |  | (64,857 | ) |  | (164,910 | ) |  | (7,543 | )
Net (loss) income | $ | (180,807 | ) |  | $ | 63,747 |  |  | $ | (92,382 | ) |  | $ | 284,915 |
Schedule of segment assets |
| As of June 30, 2016 |  | As of December 31, 2015
| (Thousands)
Segment assets: |  |  |  |  |
EQT Production | $ | 8,800,022 |  |  | $ | 8,995,853 |
EQT Midstream | 3,576,276 |  |  | 3,226,138 |
Total operating segments | 12,376,298 |  |  | 12,221,991 |
Headquarters assets, including cash and short-term investments | 2,406,888 |  |  | 1,754,181 |
Total assets | $ | 14,783,186 |  |  | $ | 13,976,172 |
Schedule of depreciation, depletion and amortization and expenditures for segment assets |
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
| (Thousands)
Depreciation, depletion and amortization: |  |  |  |  |  |  |  |  |  |  |
EQT Production | $ | 197,864 |  |  | $ | 173,331 |  |  | $ | 392,700 |  |  | $ | 344,794 |
EQT Midstream | 26,678 |  |  | 23,393 |  |  | 53,011 |  |  | 46,588 |
Other | 87 |  |  | 95 |  |  | 149 |  |  | 182 |
Total | $ | 224,629 |  |  | $ | 196,819 |  |  | $ | 445,860 |  |  | $ | 391,564 |
Expenditures for segment assets (c): |  |  |  |  |  |  |  |  |  |  |
EQT Production (d) | $ | 237,043 |  |  | $ | 520,315 |  |  | $ | 468,656 |  |  | $ | 1,002,289 |
EQT Midstream | 201,211 |  |  | 164,542 |  |  | 342,131 |  |  | 237,117 |
Other | 1,175 |  |  | 716 |  |  | 2,188 |  |  | 1,609 |
Total | $ | 439,429 |  |  | $ | 685,573 |  |  | $ | 812,975 |  |  | $ | 1,241,015 |
(c) | Includes a portion of non-cash stock-based compensation expense and the impact of capital accruals.
(d) | Expenditures for segment assets in the EQT Production segment include $34.8 million and $88.1 million for property acquisitions during the three months ended June 30, 2016 and 2015, respectively, and $68.1 million and $139.1 million for property acquisitions during the six months ended June 30, 2016 and 2015, respectively.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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