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EQGP Holdings LP (EQGP Holdings LP) Effective Interest Rate on Debt % : 4.73% (As of Sep. 2018)


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What is EQGP Holdings LP Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. EQGP Holdings LP's annualized positive value of Interest Expense for the quarter that ended in Sep. 2018 was $164 Mil. EQGP Holdings LP's average total debt for the quarter that ended in Sep. 2018 was $3,466 Mil. Therefore, EQGP Holdings LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 was 4.73%.


EQGP Holdings LP Effective Interest Rate on Debt % Historical Data

The historical data trend for EQGP Holdings LP's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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EQGP Holdings LP Effective Interest Rate on Debt % Chart

EQGP Holdings LP Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 1.25 8.01 6.39 1.89 3.36

EQGP Holdings LP Quarterly Data
Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.55 3.60 3.50 3.47 4.73

Competitive Comparison of EQGP Holdings LP's Effective Interest Rate on Debt %

For the Oil & Gas Integrated subindustry, EQGP Holdings LP's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


EQGP Holdings LP's Effective Interest Rate on Debt % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, EQGP Holdings LP's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where EQGP Holdings LP's Effective Interest Rate on Debt % falls into.



EQGP Holdings LP Effective Interest Rate on Debt % Calculation

EQGP Holdings LP's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2017 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2016 )+Total Debt  (A: Dec. 2017 ))/ count )
=-1  *  -36.15/( (985.732+1167.352)/ 2 )
=-1  *  -36.15/1076.542
=3.36 %

where

Total Debt  (A: Dec. 2016 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=985.732 + 0
=985.732

Total Debt  (A: Dec. 2017 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1167.352 + 0
=1167.352

EQGP Holdings LP's annualized Effective Interest Rate on Debt % for the quarter that ended in Sep. 2018 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jun. 2018 )+Total Debt  (Q: Sep. 2018 ))/ count )
=-1  *  -163.864/( (3453.975+3477.296)/ 2 )
=-1  *  -163.864/3465.6355
=4.73 %

where

Total Debt  (Q: Jun. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3453.975 + 0
=3453.975

Total Debt  (Q: Sep. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=3477.296 + 0
=3477.296

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Sep. 2018) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


EQGP Holdings LP  (NYSE:EQGP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


EQGP Holdings LP Effective Interest Rate on Debt % Related Terms

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EQGP Holdings LP (EQGP Holdings LP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » EQGP Holdings LP (NYSE:EQGP) » Definitions » Effective Interest Rate on Debt %
Traded in Other Exchanges
N/A
Address
EQT GP Holdings LP is a US-based growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire and develop midstream assets in the Appalachian Basin. It is an integrated energy company with an emphasis on natural gas production, gathering, and transmission. It conducts its business through two segments, EQT Production, and EQT Midstream. EQT Production is natural gas producers in the Appalachian Basin. EQT Midstream provides transmission, storage and gathering services for EQT's produced gas and to third parties in the Appalachian Basin. The company's operations and all its assets are located in the continental United States.
Executives
Phillip D. Swisher officer: VP & Chief Accounting Officer 625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222
David L Porges director 700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Diana M Charletta director, officer: EVP & Chief Operating Officer 2200 ENERGY DRIVE, CANONSBURG PA 15317
Kenneth Michael Burke director 11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Eqt Corp 10 percent owner 625 LIBERTY AVENUE, SUITE 1700, PITTSBURGH PA 15222
Kirk R Oliver director, officer: SVP & Chief Financial Officer 1601 BRYAN STREET, DALLAS TX 75201
Stephen A Thorington director 700 MILAM, SUITE 3100, HOUSTON TX 77002
Thomas F Karam director, officer: President & CEO C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601
Ashcroft Jeremiah J Iii director, officer: President & CEO ONE GREENWAY PLAZA, SUITE 600, HOUSTON TX 77046
Jimmi Sue Smith officer: Chief Accounting Officer 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Theresa Z Bone officer: VP Finance and CAO 225 NORTH SHORE DRIVE, PITTSBURGH PA 15212
Robert Joseph Mcnally director, officer: Sr. Vice President and CFO 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Steven T Schlotterbeck director 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Lewis B Gardner director 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Philip P Conti director, officer: Senior VP and CFO ONE OXFORD CENTRE SUITE 3300, PITTSBURGH PA 15219