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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 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 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.
PE Hub
4h
Equistone exits footwear retailer, EQT to sell parcel business, as Raymond James sees distributions pickup
Exit activity is on the rise, with Raymond James seeing an increase in distributions as private equity firms begin to sell ...
Inside Climate News
14h
A Pennsylvania Fracking and Gas Company Is Poised for Profits and Pipelines After GOP Wins
In a speech Rice would later call the “Shalennial Situation Report,” the president and CEO of
EQT
Corp. outlined the ...
PublicSource on MSN
2d
EQT’s ‘bulldog’ has D.C. in his grip, with profits — and maybe higher gas bills — on the horizon
With fracking supporters Donald Trump and Dave McCormick headed for Washington, Rice’s Pittsburgh natural gas corporation is ...
2d
EQT-Backed Indira IVF Is Said to Weigh $400 Million Mumbai IPO
EQT AB is considering an initial public offering for Indira IVF that could raise about $400 million, according to people ...
3h
EQT sells Melita to Goldman Sachs
Investment firm EQT has announced the sale of Malta’s Melita to Goldman Sachs Alternatives. Melita is currently the only ...
1d
EQT Corporation price target raised to $56 from $45 at Morgan Stanley
Morgan Stanley raised the firm’s price target on EQT Corporation (EQT) to $56 from $45 and keeps an Overweight rating on the ...
PE Hub
5h
EQT to exit Parcel2Go to new investor group
EQT acquired Parcel2Go in June 2021. Since then, it has grown its SmartSend offering and launched new strategic accounts in Digital Partner Solutions, according to a release. It also made “substantial ...
18h
EQT Corporation participates in a conference call with JPMorgan
Conference call with CFO Knop to discuss the $3.5B midstream joint venture with Blackstone Credit & Insurance (BXCI) to be held on November ...
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Joint venture
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