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Statements of Condensed Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net (loss) income $ (92,382) $ 284,915
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Deferred income tax benefit (165,594) (195,925)
Depreciation, depletion and amortization 445,860 391,564
Asset and lease impairments 4,063 28,428
Provision for losses on (recoveries of) accounts receivable 552 (1,648)
Other income (12,484) (3,628)
Stock-based compensation expense 23,877 28,429
Loss (gain) on derivatives not designated as hedges 125,698 (47,851)
Cash settlements received on derivatives not designated as hedges 195,229 38,775
Pension settlement charge 9,403 0
Changes in other assets and liabilities:    
Excess tax benefits on stock-based compensation 0 (21,604)
Accounts receivable 6,137 157,343
Accounts payable (15,595) (63,390)
Other items, net (31,360) 60,619
Net cash provided by operating activities 493,404 656,027
Cash flows from investing activities:    
Capital expenditures (821,738) (1,321,002)
Capital contributions to Mountain Valley Pipeline, LLC (40,663) (45,885)
Sales of interests in Mountain Valley Pipeline, LLC 12,533 0
Deposit on acquisition (10,000) 0
Net cash used in investing activities (859,868) (1,366,887)
Cash flows from financing activities:    
Proceeds from the issuance of common shares of EQT Corporation, net of issuance costs 1,226,006 0
Proceeds from the issuance of common units of EQT Midstream Partners, LP, net of issuance costs 217,102 696,582
Proceeds from the sale of common units of EQT GP Holdings, LP, net of sale costs 0 674,374
Increase in borrowings on EQT Midstream Partners, LP credit facility 260,000 434,000
Decrease in borrowings on EQT Midstream Partners, LP credit facility (559,000) (122,000)
Dividends paid (9,776) (9,141)
Distributions to noncontrolling interests (87,911) (52,672)
Repayments and retirements of long-term debt 0 (9,003)
Proceeds and excess tax benefits from awards under employee compensation plans 2,040 27,679
Cash paid for taxes related to net settlement of share-based incentive awards (26,195) (44,856)
Repurchase of common stock (17) (3,375)
Net cash provided by financing activities 1,022,249 1,591,588
Net change in cash and cash equivalents 655,785 880,728
Cash and cash equivalents at beginning of period 1,601,232 1,077,429
Cash and cash equivalents at end of period 2,257,017 1,958,157
Cash paid during the period for:    
Interest, net of amount capitalized 73,763 74,101
Income taxes, net 1,294 76,420
Non-cash activity during the period for:    
Increase in Mountain Valley Pipeline, LLC investment/payable for capital contributions $ 27,052 $ 0