EQT Sells Stake in Midstream Assets

EQT forms midstream joint venture with Blackstone unit
EQT, a US-based natural gas producer, has announced a midstream JV with Blackstone Credit & Insurance (BXCI), a unit of investment major Blackstone. The JV includes EQT's interests in key infrastructure assets such as the Mountain Valley Pipeline (MVP), transmission and storage facilities, as well as the Hammerhead Pipeline.
EQT to form $3.5 billion joint venture for Mountain Valley Pipeline
EQT Corp. will receive $3.3 billion to form a joint venture that will hold the ownership of the Mountain Valley Pipeline and other assets it got from the recent acquisition of Equitrans Midstream Corp.
EQT Sells Stake in Midstream Assets to Blackstone for $3.5B
EQT shares rose after the natural gas producer said Blackstone’s credit and insurance business is buying a $3.5 billion stake in its midstream assets through a joint venture.
EQT announces joint venture with Blackstone for midstream assets
EQT Corporation has announced that it has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance (BXCI), to form a new midstream joint venture consisting of EQT's ownership interest in high quality contracted infrastructure assets: (i) Mountain Valley Pipeline,
EQT Forms $3.5B Midstream JV With Blackstone to Strengthen Assets
EQT announces a $3.5B midstream joint venture with Blackstone to boost growth, enhance infrastructure assets and reduce debt, with a target of $9B in net debt by the end of the year.
EQT to sell natural gas pipeline stakes to Blackstone in $3.5B deal
EQT Corp. (NYSE:EQT) +3.7% pre-market Monday after saying asset manager Blackstone (BX) agreed to acquire non-controlling equity interests in some of its natural gas pipelines for $3.5B in cash. EQT (EQT) and Blackstone (BX) will form a new midstream joint venture consisting of EQT's ownership interest in the Mountain Valley pipeline,
EQT and Blackstone Create $3.5-Billion Joint Venture
EQT Corporation has formed a $3.5 billion midstream joint venture with Blackstone, highlighting continued consolidation in the U.S. energy sector.
EQT Announces $3.5 Billion Midstream Joint Venture with Blackstone Credit & Insurance
EQT Corporation (NYSE: EQT) announced today that it has entered into a definitive agreement with funds managed by Blackstone Credit & Insurance ("BXCI"), to form a new midstream joint venture (the "JV") consisting of EQT's ownership interest in high quality contracted infrastructure assets: (i) Mountain Valley Pipeline,
EQT Forms $3.5B Joint Venture with Blackstone
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EQT Secures $3.5 Billion Boost: Blackstone JV To Power Midstream Expansion
EQT Corporation (NYSE:EQT) shares are trading higher after the company announced it entered into a definitive deal with funds managed by Blackstone Credit & Insurance (BXCI) to form a new midstream joint venture.
One of region's largest private firms creates joint venture with Japanese firm
The St. Louis-area firm will hold a majority share of the partnership, which could eventually look to open a manufacturing ...
EQT’s Fair Valuation Amid Strategic Joint Venture with Blackstone
Siebert Williams Shank & Co analyst Gabriele Sorbara reiterated a Hold rating on EQT (EQT – Research Report) today and set a price target ...