Eqt Gp Holdings, Lp (EQGP) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Exhibit 99.1

2015 Results Announced for EQT Midstream Partners and EQT GP Holdings

PITTSBURGH--(BUSINESS WIRE)--February 4, 2016--EQT Midstream Partners, LP (NYSE: EQM) today announced full-year and fourth quarter 2015 financial and operating results. For the year, EQT Midstream Partners, LP (EQM) net income totaled $393.5 million, while adjusted EBITDA was $449.0 million and distributable cash flow was $406.5 million. For the fourth quarter, EQM net income totaled $112.7 million, while adjusted EBITDA was $128.6 million and distributable cash flow was $111.9 million. Adjusted operating income for the fourth quarter was $117.0 million, or 24% higher than the same quarter last year. The non-GAAP financial measures are reconciled in the Non-GAAP Disclosures section of this news release.

EQT GP Holdings, LP (NYSE: EQGP) today announced net income attributable to EQT GP Holdings, LP (EQGP) of $145.9 million for the full-year 2015 and $45.2 million for the fourth quarter.

2015 EQM Highlights:

• Achieved 23% year-over-year per unit distribution growth
• Maintained a 1.67x coverage ratio for the year
• Generated 82% of revenue from firm reservation fees
• Completed Northern West Virginia Marcellus Gathering System acquisition
• Placed in-service 300 MMcf per day of firm gathering capacity
• Received approval to commence construction of the Ohio Valley Connector
• Added new demand-focused partners and shippers to the Mountain Valley Pipeline

In December 2013, EQM entered into a capital lease with EQT Corporation (EQT) for its Allegheny Valley Connector facilities (AVC), which includes a 200-mile pipeline regulated by the Federal Energy Regulatory Commission (FERC). EQM operates the AVC and the related revenue and expenses are included in the financial statements; however, the monthly lease payment to EQT offsets the impact on distributable cash flow. As a result, fourth quarter 2015 operating results are discussed on an adjusted basis, excluding the AVC. Payments due under the lease totaled $6.7 million for the fourth quarter and $22.1 million for the full-year. The revenue and expenses associated with the AVC are found in the reconciliation table in the Non-GAAP Disclosures section of this news release.

EQM fourth quarter adjusted operating revenue increased $27.1 million, or 21%, compared to the same quarter last year, primarily due to an increase in both contracted firm gathering capacity and gathered volumes. Adjusted operating expenses were up $4.4 million versus the fourth quarter of 2014, consistent with the growth of the business.