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EQT Sells Stake in Midstream Assets
EQT Sells Stake in Midstream Assets to Blackstone for $3.5B
Key Takeaways 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 said the money raised will be used to buy back its debt.
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 Teams with Blackstone for $3.5 Billion Midstream Joint Venture
EQT said it has agreed to form a new midstream joint venture with Blackstone's credit asset management division in exchange for $3.5 billion in cash.
2d
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 ...
1d
EQT Corporation price target raised to $48 from $45 at Mizuho
Mizuho analyst Nitin Kumar raised the firm’s price target on EQT Corporation (EQT) to $48 from $45 and keeps a Neutral rating on the shares ...
Seeking Alpha
28d
EQT: With Risks From The Debt, New Deals Could Push The Price
Prior to joining
EQT
Corporation, from August 2012 to January 2021, Mr. Knop was employed by
The Blackstone
Group
, where he served in several capacities on the energy credit team, including as ...
2d
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 ...
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