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EQT Midstream Partners, LP

Company Summary

Recent news

Company Transactions

Date: 2/14/2019
Type: Acquisition

NOTES:
EQM recently purchased additional interest in the development from Con Edison and PSNC, boosting their stake to 47.2%.
REGIONS:
  • Northeast
  • Date: 1/11/2019
    Type: Acquisition

    NOTES:
    Equitrans Midstream Corp. announced plans to acquire limited partner interests in EQGP Holdings for $20/unit in cash. This is a 17.5% premium to EQGP's closing price on November 29, 2018. Also, Equitrans Midstream Corp. has issued a proposal to EQT Midstream Partners (EQM) to exchange its incentive distribution rights and economic general partners interest in EQM for 95 million units of EQM and non economic general partners interests in EQM.

    Date: 8/15/2018
    Type: Merger

    DETAILS:

    COST: 2.4 $B

    NOTES:
    EQT Midstream and Rice Midstream will be merged in a unit-for-unit transaction valued at $2.4 billion, including the assumption of debt. This will close in the third quarter of 2018.
    REGIONS:
  • Appalachia
  • Date: 5/15/2018
    Type: Acquisition

    NOTES:
    EQT Midstream is acquiring Strike Force Midstream from EQT Corp. and Gulfport. EQT will receive $1.15 billion in cash and 5.9 million shares of common stock while Gulfport will receive $175 million for their 25% stake.
    REGIONS:
  • Appalachia
  • Date: 5/1/2018
    Type: Acquisition

    NOTES:
    Gulfport Energy entered into a deal to divest their 25% stake in Strike Force Midstream for $175 million to EQT Midstream Partners
    REGIONS:
  • Utica
  • Date: 10/1/2016
    Type: Acquisition

    SELLERS:
  • EQT Corporation
  • DETAILS:

    COST: 275 $MM

    VOLUMES: 370 Mmcf/d

    NOTES:
    The acquired assets include 87 miles of gathering pipeline, 7,000 hp of compression capacity and 370 MMcf/d of gathering capacity. EQT Corp. also committed to a total of 235 Mmcf/d of firm capacity under a 10-year contract.
    REGIONS:
  • Marcellus Shale