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Investments in Unconsolidated Entities (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of equity in the nonconsolidated investments | The table below summarizes the Company's equity method investments.
| December 31, 2024 |  | December 31, 2023
| Ownership Interest |  | Carrying Value |  | Ownership Interest |  | Carrying Value
|  |  | (Thousands) |  |  |  | (Thousands)
MVP Joint Venture (a): |  |  |  |  |  |  |
The MVP (b) | 49.3 | % |  | $ | 3,469,438 |  |  | — | % |  | $ | — |
MVP Southgate | 47.2 | % |  | 65,292 |  |  | — | % |  | — |
Total MVP Joint Venture |  |  | 3,534,730 |  |  |  |  | — |
Laurel Mountain Midstream, LLC (c) | 31 | % |  | 28,757 |  |  | 31 | % |  | 39,923 |
WATT Fuel Cell Corporation (d) | 15.63 | % |  | 14,533 |  |  | 15.43 | % |  | 16,700 |
Yellowbird Energy LLC (e) | 50 | % |  | 6,135 |  |  | — | % |  | — |
Total |  |  | $ | 3,584,155 |  |  |  |  | $ | 56,623 |
(a)Mountain Valley Pipeline, LLC (the MVP Joint Venture) is a Delaware series limited liability company joint venture formed among (i) with respect to Series A, an affiliate of EQT and affiliates of each of NextEra Energy, Inc., Consolidated Edison, Inc., AltaGas Ltd. and RGC Resources, Inc. for purposes of constructing, owning and operating the MVP and (ii) with respect to Series B, a wholly-owned subsidiary of EQT and affiliates of NextEra Energy, Inc., AltaGas Ltd. and RGC Resources, Inc. for purposes of constructing, owning and operating MVP Southgate. (b)As discussed in Note 8, upon the completion of the Midstream Joint Venture Transaction, the Company contributed its interest in the MVP (via its Series A ownership interest in the MVP Joint Venture) to the Midstream Joint Venture. (c)Laurel Mountain Midstream, LLC is a natural gas gathering and processing joint venture formed among the Company, Williams Companies Inc. and certain other energy companies. (d)Watt Fuel Cell Corporation is a developer and manufacturer of solid oxide fuel cell systems that operate on common, readily available fuels such as natural gas and propane. (e)Yellowbird Energy LLC is a joint venture formed in 2024 between a subsidiary of EQT and a third-party investor. For the year ended December 31, 2024, the Company's Series A ownership interest (with respect to the MVP) in the MVP Joint Venture was significant as defined by the SEC's Regulation S-X Rule 1-02(w). Accordingly, pursuant to Regulation S-X Rule 4-08(g), the following table presents summarized financial information of the MVP Joint Venture in relation to the MVP for the period beginning on July 22, 2024 and ending December 31, 2024 and as of December 31, 2024.
| July 22, 2024 to December 31, 2024
| (Thousands)
Operating revenues | $ | 247,360 |  |  |  |  |
Operating income | $ | 126,202 |  |  |  |  |
Net income | $ | 129,773 |  |  |  |  |
| December 31, 2024
| (Thousands)
Current assets | $ | 204,028 |  |  |
Noncurrent assets | 9,535,975 |  |  |
Total assets | $ | 9,740,003 |  |  |
Current liabilities | $ | 69,303 |  |  |
Noncurrent liabilities | 1,514 |  |  |
Total liabilities | 70,817 |  |  |
Members' equity | 9,669,186 |  |  |
Total liabilities and members' equity | $ | 9,740,003 |  |  |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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