EQT Sells Stake in Midstream Assets to Blackstone for $3.5B [Yahoo! Finance]
EQT Corporation (EQT)
Last eqt corporation earnings: 2/27 06:30 am
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Source: Yahoo! Finance
EQT said the money raised will be used to buy back its debt. The investment values the joint venture at around $8.8 billion. EQT ( EQT ) shares rose after the natural gas producer said Blackstone's ( BX ) credit and insurance business is buying a $3.5 billion stake in its midstream assets through a joint venture. Under the terms of the deal, Blackstone gets a non-controlling common equity stake in a joint venture housing three midstream infrastructure assets owned by the U.S. energy group: Mountain Valley Pipeline, LLC – Series A, Federal Energy Regulatory Commission (FERC) regulated transmission and storage assets, and the Hammerhead Pipeline. The investment values the joint venture at around $8.8 billion. EQT said that it planned to use the money raised to “pay down its term loan and revolving credit facility and redeem and tender for senior notes.” EQT Corp. acquired midstream infrastructure provider Equitrans Midstream Corp. ( ETRN earlier this year . EQT said it expe
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EQT
News
- EQT Trades at Premium Valuation: Should You Bet on the Stock Now? [Yahoo! Finance]Yahoo! Finance
- EQT Co. (NYSE: EQT) was upgraded by analysts at Mizuho from a "neutral" rating to an "outperform" rating. They now have a $57.00 price target on the stock, up previously from $48.00.MarketBeat
- Early Results and Upsizing of EQM Midstream Partners, LP's Tender Offer and Consent Solicitation for Certain of its Senior Notes [Yahoo! Finance]Yahoo! Finance
- Early Results and Upsizing of EQM Midstream Partners, LP's Tender Offer and Consent Solicitation for Certain of its Senior NotesPR Newswire
- EQT Co. (NYSE: EQT) was upgraded by analysts at Sanford C. Bernstein to a "hold" rating.MarketBeat
EQT
Earnings
- 10/29/24 - Beat
EQT
Sec Filings
- 12/18/24 - Form 8-K
- 12/10/24 - Form 8-K
- 12/6/24 - Form 4
- EQT's page on the SEC website