EQT Plans to Sell Minority Stakes in Its Pipeline Assets for $3.5B [Yahoo! Finance]
EQT Corporation (EQT)
Last eqt corporation earnings: 2/27 06:30 am
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Source: Yahoo! Finance
minority stakes in its interstate natural gas pipelines, per Reuters. The transaction is valued at approximately $3.5 billion. The two companies are currently going through extensive discussions, and if everything falls in place, a deal might be finalized in the upcoming weeks, according to sources. This might ease a considerable amount of the debt burden on EQT due to its acquisition of Equitrans Midstream. The private equity firm has mentioned that it plans to fund the transaction through its credit and insurance wing. Per Reuters, EQT will continue to operate the pipeline after the deal is finalized. The transaction is expected to contribute to a steady stream of earnings for BlackStone, which it can utilize for other investment plans. Pipelines and other energy infrastructure assets are known to provide a reliable stream of income as they often work through long-term contracts. By investing in EQT's assets, BlackStone will also gain access to the controversial Mountain Valley
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EQT
News
- EQT's Q3 Earnings Top Estimates on Gas Equivalent Production [Yahoo! Finance]Yahoo! Finance
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Mizuho from $41.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Piper Sandler from $32.00 to $34.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Co. (NYSE: EQT) had its price target raised by analysts at UBS Group AG from $40.00 to $42.00. They now have a "neutral" rating on the stock.MarketBeat
- EQT Co. (NYSE: EQT) had its price target raised by analysts at Stephens from $37.00 to $38.00. They now have an "equal weight" rating on the stock.MarketBeat
EQT
Earnings
- 10/29/24 - Beat
EQT
Sec Filings
- 11/14/24 - Form SC
- 11/8/24 - Form SC
- 10/30/24 - Form 10-Q
- EQT's page on the SEC website