Take Your Trading To The Next Level. Get Started Here!

US gas producer EQT to acquire pipeline operator Equitrans in all-stock deal

March 12, 2024 Comments Off

EQT will acquire midstream operator Equitrans in a deal the Appalachian gas producer heralded as creating a first-of-its-kind, fully integrated natural gas business. The deal, announced March 11, involves 940 miles of Federal Energy Regulatory Commission-regulated interstate transmission pipelines, another 1,220 miles of gathering lines, and rejoins EQT to the midstream enterprise it spun off back in 2018. CEO Toby…