Eqgp Holdings, Lp (EQGP) 10-Q Quarterly Report October 2017

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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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Material Contracts, Statements, Certifications & more

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

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32: Section 1350 Certification

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