|Bid||41.90 x 1100|
|Ask||41.93 x 800|
|Day's Range||41.76 - 42.26|
|52 Week Range||38.24 - 58.00|
|Beta (3Y Monthly)||1.03|
|PE Ratio (TTM)||13.78|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||4.58 (10.79%)|
|1y Target Est||52.14|
Equitrans Midstream Corporation (ETRN) today announced the appointment of Diana M. Charletta as president of Equitrans Midstream Corporation (ETRN or Company) and president of the general partner (EQM General Partner) of EQM Midstream Partners, LP (EQM), the Company's publicly traded subsidiary. Charletta will retain her current position of chief operating officer for both ETRN and the EQM General Partner, as well as continue as a member of the EQM General Partner's Board of Directors. "Throughout her 25-year career, Diana has been successful at every level and excelled in her accomplishments as she earned her way to become president and chief operating officer of Equitrans Midstream," said Thomas F. Karam, chairman and chief executive officer of Equitrans Midstream.
Equitrans Midstream Corporation and EQM Midstream Partners, LP will release their second quarter earnings on Tuesday, July 30, 2019, and will also host a conference call with analysts and investors at 9:00 am .
(Bloomberg) -- National Grid Plc is trying to enlist its customers’ support in getting a natural gas project built in New York -- an unusual move for a utility that highlights how intense the U.S. battle over pipelines has become.The company is sending notices to some of customers, warning them that it can’t expand their gas service unless New York clears a $1 billion pipeline expansion that Williams Co. has proposed. In these notices, the London-based company encourages ratepayers to sign a pre-written letter in support of the Northeast Supply Enhancement Project to be automatically sent to New York Governor Andrew Cuomo.The move shows how hungry utilities -- particularly those in the eastern U.S. -- are to gain access to more natural gas as New York and other states fight new projects. Both National Grid and Consolidated Edison Inc. have stopped accepting new applications for service in parts of their New York territories because of a shortage of pipeline space.“The fact that National Grid is doing this on the basis of pure necessity -- that the company genuinely needs access to natural gas supply -- is a really powerful” case for Williams’s project, said Katie Bays, co-founder of the Washington-based consulting firm Sandhill Strategy. She noted that it comes at little cost to the utility.The intent of the notice is to inform existing and potential customers that new service applications in Brooklyn, Queens and Long Island depends on construction of the pipeline, National Grid spokeswoman Wendy Ladd said. If the pipeline isn’t cleared to get built by winter 2020, applications in these areas can’t be processed, she said.Pipeline projects across the eastern U.S. are facing intensifying opposition from local governments and environmentalists who are targeting gas in an effort to rid the U.S. energy mix of fossil fuels.In the U.S. Southeast, Dominion Energy Inc. and Duke Energy Corp.‘s Atlantic Coast gas pipeline and EQM Midstream Partners LP‘s Mountain Valley one have both seen their price tags swell and start dates pushed back. Atlantic Coast may even come before the U.S. Supreme Court after a lower court revoked key permits. EQM is meanwhile asking the federal government to take control of private land to help site its project through the Appalachian Trail.In 2017 alone, New York quashed plans plans for two major gas pipelines on environmental grounds. The state denied a water quality certificate for Williams’s Northeast Supply Enhancement project in May.\--With assistance from Rachel Adams-Heard.To contact the reporter on this story: Millicent Dent in New York at email@example.comTo contact the editors responsible for this story: Lynn Doan at firstname.lastname@example.org, Tina DavisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
DALLAS , June 14, 2019 /PRNewswire/ -- Alerian announced the results of the June quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, June ...
TC Energy (TC) is a 'set-it-and-forget-it' stock that is worth retaining in your portfolio on the back of its stability, long-term growth prospects and shareholder wealth creation.
On CNBC's "Mad Money Lightning Round," Jim Cramer said Zebra Technologies Corp. (NASDAQ: ZBRA) is a fast-growing company and he is sticking by it because barcode technology is the way of the future. Cramer is not a buyer of EQM Midstream Partners LP (NYSE: EQM). Exelixis, Inc. (NASDAQ: EXEL) is a good spec, said Cramer.
Q1 2019 EQM Midstream Partners LP and Equitrans Midstream Corp Earnings Call
EQM Midstream Partners LP said Tuesday it was "unlikely" to complete the long-delayed $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia during 2019 due to ongoing legal and regulatory challenges. EQM Chief Executive Thomas Karam told analysts on a call that the project was about 80 percent complete and the company remained confident it would get the pipeline built. When EQM started construction in February 2018, it estimated Mountain Valley would cost about $3.5 billion and be completed by the end of 2018.
EQM Midstream Partners, LP declared a quarterly cash distribution of $1.145 per common unit for the first quarter of 2019. The distribution will be paid on May 14, 2019, to all EQM common unitholders of record at the close of business on May 3, 2019.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The fourth quarter of 2018 is one of those periods, as the Russell […]
Equitrans Midstream Corporation and EQM Midstream Partners, LP will release their first quarter earnings on Tuesday, April 30, 2019, and will also host a conference call with analysts and investors at 9:00 am .
Five MLPs with Strong Total Return Potential(Continued from Prior Part)EQM Midstream Partners So far, EQM Midstream Partners (EQM) has risen ~6% in 2019. Analysts seem cautious about the stock. Analysts have given EQM Midstream a target price of
Five MLPs with Strong Total Return PotentialStrong upside potential After a fairly strong start, MLPs have been dull for the last few months. So far, crude oil has risen more than 40% this year, while the Alerian MLP ETF (AMLP) has risen
Equitrans Midstream Corporation (ETRN) and EQM Midstream Partners, LP (EQM) today announced that EQM has completed the acquisition of a 60% interest in Eureka Midstream Holdings, LLC (Eureka Midstream) and a 100% interest in Hornet Midstream Holdings, LLC (Hornet Midstream) for total consideration of $1,030 million, comprised of approximately $860 million in cash and approximately $170 million of assumed pro-rata debt. Concurrently, EQM closed the private placement of $1.2 billion of newly issued Series A Perpetual Convertible Preferred Units (Convertible Preferred Units). A portion of the net proceeds from the private placement was allocated to the cash purchase price of the acquisition, with the remaining net proceeds to be used for general purposes.
Investing in MLPs: Why Yield Isn’t Everything(Continued from Prior Part)Stocks with high yieldsLet’s take a look at midstream stocks trading at attractive yields. The stocks have a market capitalization of over $5 billion and yields over 7.0%.
Transocean (RIG) secured contracts for two of its drillships, namely Mykonos and Corcovado, which were acquired as part of Ocean Rig buyout in December 2018.
EQM Midstream (EQM) is likely to capitalize the heightened pipeline demand and expects the agreement to be accretive to distributable cash flow after the first year of providing services.
Equitrans Midstream Corporation (ETRN) and EQM Midstream Partners, LP (EQM) today announced that EQM has entered into a definitive agreement with a fund managed by Morgan Stanley Infrastructure Partners to acquire a 60% interest in Eureka Midstream Holdings, LLC (Eureka Midstream) and a 100% interest in Hornet Midstream Holdings, LLC (Hornet Midstream) for total consideration of $1,030 million, comprised of approximately $860 million in cash and approximately $170 million of assumed pro-rata debt. The proposed acquisition is expected to close on or about April 15, 2019, subject to customary regulatory and other closing conditions.
EQM Midstream Partners today announced information regarding availability of the 2018 unitholder tax packages for current and previous investors in EQM, RMP, and EQGP.
Energy Sector: Key Development Last Week(Continued from Prior Part)Energy stocks In the week ending March 8, midstream stock TC PipeLines (TCP) rose the most among the energy stocks under review in this series, which include the following ETFs: the