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Eqt Gp Holdings, Lp (EQGP) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 30, 2017

Eqgp Holdings, Lp

CIK: 1632933 Ticker: EQGP
eqmeqgpyeearningsrelea01.jpg

Q3 2017 RESULTS ANNOUNCED FOR
EQT MIDSTREAM PARTNERS AND EQT GP HOLDINGS

Pittsburgh, PA (October 26, 2017) – EQT Midstream Partners, LP (NYSE: EQM) today announced third quarter 2017 results, including net income of $142.9 million, adjusted EBITDA of $170.5 million, net cash provided by operating activities of $159.9 million, and distributable cash flow of $150.4 million. EQM operating income was $145.5 million, which was 15% higher than last year. The Non-GAAP Disclosures section of this news release provides reconciliations of non-GAAP financial measures to their most comparable GAAP financial measure as well as important disclosures regarding projected adjusted EBITDA and projected distributable cash flow.

EQT GP Holdings, LP (NYSE: EQGP) today announced net income attributable to EQGP of $66.9 million for the third quarter.

EQM Highlights:
Increased EQM per unit distribution by 20% compared to Q3 2016
Maintained a 1.27x coverage ratio for the quarter
Generated 91% of operating revenue from firm reservation fees
Received FERC Certificate for Mountain Valley Pipeline on October 13th

EQM third quarter operating revenue increased $30.4 million, 17% higher compared to the same quarter last year. The increase was primarily due to higher contracted firm transmission and gathering capacity. During the quarter, 91% of operating revenue was generated by firm reservation fees. Operating expenses were up $11.1 million versus the third quarter of 2016, primarily from higher depreciation and amortization, and operating and maintenance expenses as a result of the growing asset base.

QUARTERLY DISTRIBUTION
EQM
For the third quarter of 2017, EQM will pay a quarterly cash distribution of $0.98 per unit, which will be paid on November 14, 2017 to EQM unitholders of record at the close of business on November 3, 2017. The quarterly cash distribution is 5% higher than the second quarter of 2017 and is 20% higher than the third quarter of 2016.

EQGP
For the third quarter of 2017, EQGP will pay a quarterly cash distribution of $0.228 per unit, which will be paid on November 22, 2017 to EQGP unitholders of record at the close of business on November 3, 2017. The quarterly cash distribution is 9% higher than the second quarter of 2017 and is 38% higher than the third quarter 2016 distribution. For the quarter, EQGP expects to receive $61.1 million of cash distributions from EQM and distribute $60.7 million.



The following information was filed by Eqgp Holdings, Lp (EQGP) on Thursday, October 26, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Eqgp Holdings, Lp's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:

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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (unaudited)
Consolidated Balance Sheets (unaudited) (parenthetical)
Statements Of Consolidated Cash Flows (unaudited)
Statements Of Consolidated Equity (unaudited)
Statements Of Consolidated Operations (unaudited)
Statements Of Consolidated Operations (unaudited) (parenthetical)
Consolidated Variable Interest Entity
Consolidated Variable Interest Entity (details)
Consolidated Variable Interest Entity (tables)
Credit Facility Borrowings
Credit Facility Borrowings - Eqgp Working Capital Facility (details)
Credit Facility Borrowings - Eqm Credit Facilities (details)
Distributions
Distributions (tables)
Distributions - Narrative (details)
Distributions - Summary Of Cash Distributions To Unitholders (details)
Equity And Net Income Per Limited Partner Unit
Equity And Net Income Per Limited Partner Unit (tables)
Equity And Net Income Per Limited Partner Unit - Eqgp Equity (details)
Equity And Net Income Per Limited Partner Unit - Eqm Equity (details)
Equity And Net Income Per Limited Partner Unit - Net Income Per Limited Partner Unit (details)
Equity And Net Income Per Limited Partner Unit - Schedule Of Holdings Of Eqm Equity (details)
Fair Value Measurements
Fair Value Measurements (details)
Financial Information By Business Segment
Financial Information By Business Segment (details)
Financial Information By Business Segment (tables)
Financial Statements
Financial Statements (policies)
Income Taxes
Investment In Unconsolidated Entity
Investment In Unconsolidated Entity (details)
Investment In Unconsolidated Entity (tables)
Investment In Unconsolidated Entity - Schedule Of Unaudited Condensed Financial Statements For The Investment In Unconsolidated Equity (details)
October 2016 Acquisition
October 2016 Acquisition (details)
Related Party Transactions

Material Contracts, Statements, Certifications & more

Eqgp Holdings, Lp provided additional information to their SEC Filing as exhibits

Ticker: EQGP
CIK: 1632933
Form Type: 10-Q Quarterly Report
Accession Number: 0001632933-17-000024
Submitted to the SEC: Thu Oct 26 2017 4:18:50 PM EST
Accepted by the SEC: Thu Oct 26 2017
Period: Saturday, September 30, 2017
Industry: Natural Gas Transmission

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