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Revenue from Contracts with Customers (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The table below provides disaggregated information regarding the Company’s revenues, presented consistently with the Company’s segment reporting. Certain contracts that provide for the release of capacity that is not used to transport the Company’s produced volumes were deemed to be outside the scope of Revenue from Contracts with Customers. The cost of, and recoveries on, that capacity are reported within pipeline and net marketing services at EQT Production. Derivative contracts are also outside the scope of Revenue from Contracts with Customers.

Three Months Ended September 30, 2018		Revenues from contracts with customers				Other sources of revenue				Total
		(Thousands)
Natural gas sales		$	931,976			$	—			$	931,976
NGLs sales		106,621				—				106,621
Oil sales		8,392				—				8,392
Sales of natural gas, oil and NGLs		$	1,046,989			$	—			$	1,046,989
Pipeline and net marketing services at EQT Production		$	2,605			$	3,527			$	6,132
EQM Gathering:
Firm reservation fee revenues		112,598				—				112,598
Volumetric based fee revenues:
Usage fees under firm contracts		8,661				—				8,661
Usage fees under interruptible contracts		131,602				—				131,602
EQM Transmission:
Firm reservation fee revenues		82,669				—				82,669
Volumetric based fee revenues:
Usage fees under firm contracts		5,331				—				5,331
Usage fees under interruptible contracts		1,350				—				1,350
Water services at EQM Water		22,373				—				22,373
Intersegment eliminations		(255,760		)		—				(255,760		)
Pipeline, water and net marketing services		$	111,429			$	3,527			$	114,956
Loss on derivatives not designated as hedges		$	—			$	(3,075	)		$	(3,075	)
Total operating revenues		$	1,158,418			$	452			$	1,158,870

Nine Months Ended September 30, 2018		Revenues from contracts with customers				Other sources of revenue				Total
		(Thousands)
Natural gas sales		$	2,877,660			$	—			$	2,877,660
NGLs sales		357,746				—				357,746
Oil sales		29,322				—				29,322
Sales of natural gas, oil and NGLs		$	3,264,728			$	—			$	3,264,728
Pipeline and net marketing services at EQT Production		$	14,273			$	28,109			$	42,382
EQM Gathering:
Firm reservation fee revenues		334,233				—				334,233
Volumetric based fee revenues:
Usage fees under firm contracts		30,725				—				30,725
Usage fees under interruptible contracts		366,482				—				366,482
EQM Transmission:
Firm reservation fee revenues		262,666				—				262,666
Volumetric based fee revenues:
Usage fees under firm contracts		13,981				—				13,981
Usage fees under interruptible contracts		8,782				—				8,782
Water services at EQM Water		93,438				—				93,438
Intersegment eliminations		(775,913		)		—				(775,913		)
Pipeline, water and net marketing services		$	348,667			$	28,109			$	376,776
Gain on derivatives not designated as hedges		$	—			$	5,620			$	5,620
Total operating revenues		$	3,613,395			$	33,729			$	3,647,124

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table includes the transaction price allocated to the Company's remaining performance obligations on all contracts with fixed consideration. The table excludes all contracts that qualified for the exception to the relative standalone selling price method. Gathering firm reservation fees and transmission and storage firm reservation fees include amounts related to affiliate contracts.

	2018 (a)			2019			2020			2021			2022			Thereafter			Total
	(Thousands)
Natural gas sales	$	20,173		$	32,322		$	1,237		$	—		$	—		$	—		$	53,732
Gathering firm reservation fees	$	114,771		$	481,425		$	557,352		$	567,351		$	566,062		$	2,834,111		$	5,121,072
Gathering revenues supported by MVCs	$	—		$	65,700		$	71,370		$	71,175		$	71,175		$	136,875		$	416,295
Transmission and storage firm reservation fees	$	94,077		$	346,893		$	344,328		$	339,588		$	334,522		$	2,477,808		$	3,937,216

(a)    October 1 through December 31.

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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- References

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X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130556-203045

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