EQM Midstream Partners, LP (EQM) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2200 ENERGY DRIVE CANONSBURG, PA 15317 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4922 - Natural Gas Transmission (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2020 MRQ | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 15,760 | 17,515 | 2,557 | 60,368 | 350,814 | 126,175 | |||
| Cash and cash equivalents | 15,760 | 17,515 | 2,557 | 60,368 | 350,814 | 126,175 | |||
| Receivables | 254,109 | 254,390 | 32,804 | 24,829 | 17,131 | 16,492 | |||
| Other undisclosed current assets | 25,004 | 14,909 | 111,966 | 86,862 | 79,605 | 38,305 | |||
| Total current assets: | 294,873 | 286,814 | 147,327 | 172,059 | 447,550 | 180,972 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 7,715,122 | 5,806,628 | 2,804,059 | 2,578,834 | 1,969,993 | 1,222,961 | |||
| Long-term investments and receivables | 2,324,108 | 1,510,289 | 460,546 | 184,562 | 201,342 | ||||
| Long-term investments | 2,324,108 | 1,510,289 | 460,546 | 184,562 | 201,342 | ||||
| Intangible assets, net (including goodwill) | 1,284,137 | 1,699,926 | |||||||
| Goodwill | 486,698 | 1,123,813 | |||||||
| Intangible assets, net (excluding goodwill) | 797,439 | 576,113 | |||||||
| Other noncurrent assets | 196,779 | 152,464 | 136,895 | 21,259 | 14,950 | 18,057 | |||
| Other undisclosed noncurrent assets | 119,126 | ||||||||
| Total noncurrent assets: | 11,520,146 | 9,169,307 | 3,401,500 | 2,903,781 | 2,186,285 | 1,241,018 | |||
| TOTAL ASSETS: | 11,815,019 | 9,456,121 | 3,548,827 | 3,075,840 | 2,633,835 | 1,421,990 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 231,702 | 308,748 | 74,837 | 56,494 | 56,815 | 54,366 | |||
| Interest and dividends payable | 73,366 | 80,199 | 10,926 | 12,016 | 8,753 | 8,338 | |||
| Accounts payable | 126,786 | 207,877 | 47,040 | 35,830 | 35,868 | 36,973 | |||
| Accrued liabilities | 31,550 | 20,672 | 16,871 | 8,648 | 12,194 | 9,055 | |||
| Debt | 299,000 | ||||||||
| Due to related parties | 39,009 | 44,509 | 31,673 | 19,027 | 33,413 | 33,013 | |||
| Other undisclosed current liabilities | 45,150 | 169,202 | 105,734 | 11,471 | |||||
| Total current liabilities: | 315,861 | 522,459 | 212,244 | 86,992 | 389,228 | 87,379 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 5,761,999 | 4,081,639 | 1,167,352 | 985,732 | 669,061 | 636,461 | |||
| Long-term debt, excluding current maturities | 5,761,999 | 4,081,639 | 1,167,352 | 985,732 | 493,401 | 492,633 | |||
| Capital lease obligations | ✕ | ✕ | 175,660 | 143,828 | |||||
| Liabilities, other than long-term debt | 78,397 | 38,724 | 20,273 | 9,562 | 7,834 | 7,111 | |||
| Other liabilities | 78,397 | 38,724 | 20,273 | 9,562 | 7,834 | 7,111 | |||
| Total noncurrent liabilities: | 5,840,396 | 4,120,363 | 1,187,625 | 995,294 | 676,895 | 643,572 | |||
| Total liabilities: | 6,156,257 | 4,642,822 | 1,399,869 | 1,082,286 | 1,066,123 | 730,951 | |||
| Equity | |||||||||
| Other undisclosed equity | 5,658,762 | 4,813,299 | 2,148,958 | 1,993,554 | 1,567,712 | 691,039 | |||
| Total equity: | 5,658,762 | 4,813,299 | 2,148,958 | 1,993,554 | 1,567,712 | 691,039 | |||
| TOTAL LIABILITIES AND EQUITY: | 11,815,019 | 9,456,121 | 3,548,827 | 3,075,840 | 2,633,835 | 1,421,990 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,630,242 | 1,495,098 | 834,096 | 735,614 | 614,134 | 638,060 | ||
| Revenue, net | ✕ | ✕ | ✕ | 834,096 | 735,614 | 614,134 | 638,060 | |
| Cost of revenue | (388,527) | (326,890) | (182,202) | (135,904) | (119,901) | (82,033) | ||
| Gross profit: | 1,241,715 | 1,168,208 | 651,894 | 599,710 | 494,233 | 556,027 | ||
| Operating expenses | (1,037,529) | (441,555) | (71,186) | (72,761) | (56,425) | (37,190) | ||
| Other undisclosed operating loss | (245,101) | |||||||
| Operating income: | 204,186 | 726,653 | 580,708 | 526,949 | 437,808 | 273,736 | ||
| Nonoperating income | 167,880 | 27,377 | 37,918 | 5,639 | 4,549 | |||
| Investment income, nonoperating | 163,279 | |||||||
| Public utilities, allowance for funds used during construction, capitalized cost of equity | 2,200 | |||||||
| Other nonoperating income | 4,601 | 27,377 | 37,918 | 5,639 | 2,349 | |||
| Interest and debt expense | (23,225) | |||||||
| Income from continuing operations before equity method investments, income taxes: | 372,066 | 726,653 | 608,085 | 564,867 | 420,222 | 278,285 | ||
| Income from equity method investments | 163,279 | 61,778 | 2,367 | |||||
| Other undisclosed loss from continuing operations before income taxes | (117,083) | (36,181) | (16,766) | (22,436) | (33,056) | |||
| Income from continuing operations before income taxes: | 535,345 | 671,348 | 571,904 | 548,101 | 400,153 | 245,229 | ||
| Income tax expense | (10,147) | (6,703) | (12,456) | |||||
| Income from continuing operations: | 535,345 | 671,348 | 571,904 | 537,954 | 393,450 | 232,773 | ||
| Income before gain (loss) on sale of properties: | 535,345 | 671,348 | 571,904 | 537,954 | 393,450 | 232,773 | ||
| Other undisclosed net loss | (373,263) | |||||||
| Net income: | 162,082 | 671,348 | 571,904 | 537,954 | 393,450 | 232,773 | ||
| Net income (loss) attributable to noncontrolling interest | 21,291 | (3,346) | ||||||
| Net income available to common stockholders, diluted: | 183,373 | 668,002 | 571,904 | 537,954 | 393,450 | 232,773 | ||
Comprehensive Income ($ in thousands)
| 3/31/2020 TTM | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 162,082 | 671,348 | 571,904 | 537,954 | 393,450 | 232,773 | ||
| Comprehensive income: | 162,082 | 671,348 | 571,904 | 537,954 | 393,450 | 232,773 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 21,291 | (3,346) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 183,373 | 668,002 | 571,904 | 537,954 | 393,450 | 232,773 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.