This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EQT Midstream Partners Reports Fourth Quarter 2012 Results

Information in this press release regarding EQT Corporation and its subsidiaries, other than the Partnership, is derived from publicly available information published by EQT.

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d). Please note that 100% of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals or corporations, as applicable. Nominees, and not the Partnership, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.
EQT Midstream Partners, LP

Statements of Operations (unaudited)

Three Months Ended December 31,
(in thousands, except per unit amounts) 2012   2011
Operating revenues – affiliate $ 32,095 $ 23,909
Operating revenues – third party 9,695 6,479
Total operating revenues 41,790 30,388
Operating and maintenance 8,110 6,734
Selling, general and administrative 2,481 3,934
Depreciation and amortization 7,196 2,935
Total operating expenses 17,787 13,603
Operating income 24,003 16,785
Other income, net 458 1,670
Interest expense, net (4,301) (700)
Income before income taxes 20,160 17,755
Income tax expense (7,122)
Net income $ 20,160 $ 10,633

Net income per limited partner unit - basic




Net income per limited partner unit - diluted




Weighted average limited partner units outstanding – basic



Weighted average limited partner units outstanding – diluted



Operating Results

Three Months Ended December 31,
2012 2011
OPERATING DATA (in BBtu per day):
Transmission pipeline throughput 794 462

Expansion capital expenditures, excluding Sunrise project $ 5,741 $ 9,069
Sunrise project capital expenditures 44,890
Maintenance capital expenditures:
Ongoing maintenance 4,416 5,575
Funded regulatory compliance 3,761 10
Reimbursable maintenance 5,765 2,853
Total maintenance capital expenditures 13,942 8,438
Total capital expenditures $ 19,683 $ 62,397

7 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.54 -0.21%
FB $118.54 0.82%
GOOG $700.17 1.00%
YHOO $36.56 -0.12%
TSLA $242.25 0.62%


Chart of I:DJI
DOW 17,883.18 +109.54 0.62%
S&P 500 2,080.08 +14.78 0.72%
NASDAQ 4,812.1680 +36.81 0.77%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs