EQT GP Holdings, LP (EQGP) [Rocket]

In millions, except per share items	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13
	10-K	10-K	10-K	10-K	10-K
Revenues:
EQM	100.1	47.7	88.6	78.3
Other	734.0	687.9	544.3	410.9
Total revenues [+]	834.1	735.6	632.9	489.2	664.2
Natural gas midstream	834.1	735.6	632.9	489.2	354.0
Net interest income				10.9	1.7
Revenue growth [+]	13.4%	16.2%	29.4%	-26.3%
EQM	109.8%	-46.2%	13.2%
Cost of goods sold	84.7	73.2	70.1	56.4	42.7
Gross profit	749.4	662.4	562.8	432.8	621.5
Gross margin	89.8%	90.0%	88.9%	88.5%	93.6%
Selling, general and administrative	74.2	75.7	64.0	51.1	35.6
Other operating expenses					310.2
EBITDA [+]	675.2	586.7	498.9	381.7	275.7
EBITDA growth	15.1%	17.6%	30.7%	38.4%
EBITDA margin	80.9%	79.8%	78.8%	78.0%	41.5%
Depreciation and amortization	97.5	62.7	49.9	49.1	30.9
EBIT [+]	577.7	524.0	449.0	332.6	244.8
EBIT growth	10.3%	16.7%	35.0%	35.9%
EBIT margin	69.3%	71.2%	70.9%	68.0%	36.9%
Interest expense, net [+]	36.2	16.8	21.3	-10.9	-1.7
Interest expense	36.2	16.8	21.3
Interest income				10.9	1.7
Other income (expense), net [+]	27.4	37.9	8.7	-18.4	-2.1
Other non-operating income	27.4	37.9	8.7	3.3	1.2
Other	-27.4	-37.9	-8.7	3.3	1.2
Pre-tax income	568.9	545.1	436.3	325.0	244.4
Income taxes	0.0	10.1	2.3	79.1	86.5
Tax rate	0.0%	1.9%	0.5%	24.3%	35.4%
Minority interest	306.9	300.8	226.4	124.0	47.2
Net income	262.0	212.3	103.7	121.9	110.7
Net margin	31.4%	28.9%	16.4%	24.9%	16.7%

Basic EPS			$0.39
Diluted EPS			$0.39

Dividends per share			$0.15

Shares outstanding (basic)			266.2
Shares outstanding (diluted)			266.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.