|Bid||0.00 x 800|
|Ask||62.50 x 900|
|Day's Range||48.42 - 50.18|
|52 Week Range||42.87 - 77.97|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||9.24|
|Earnings Date||Feb 7, 2019|
|Forward Dividend & Yield||4.46 (9.45%)|
|1y Target Est||57.73|
EQT Corp. late Monday completed its long-awaited split into two publicly traded companies, a natural gas exploration and production company that will retain the name EQT and a pipeline operator known as Equitrans Midstream Corp. Both EQT (NYSE: EQT) and Equitrans Midstream (NYSE: ETRN) are now trading separately on the New York Stock Exchange. Thomas Karam is the president and CEO of Equitrans Midstream, which owns EQT’s gathering and pipeline assets.
Equitrans Midstream Corporation (NYSE:ETRN), one of the largest natural gas gatherers and transmission pipeline operators in the United States, with a premier asset footprint in the Marcellus and Utica Shale region, today announced that it has completed the previously announced spin-off from EQT Corporation (EQT). The separation of EQT’s upstream and midstream businesses into two standalone companies – Equitrans Midstream Corporation and EQT Corporation – took effect at 11:59 p.m. (ET) on November 12, 2018 through a pro rata distribution of 80.1% of the outstanding common stock of ETRN.
Mountain Valley Pipeline, LLC, today formally applied to the Federal Energy Regulatory Commission (FERC) for authorization to build the MVP Southgate project, a proposed interstate natural gas transmission pipeline designed to provide reliable, cost-effective access to natural gas to meet increasing residential and commercial demand in central North Carolina.
Those costs have ballooned from $3 billion-$3.5 billion when the project was announced in 2014 to the most recent estimate, Sept. 24, when it was $4.6 billion.
The Natural Gas Liquids segment, ONEOK’s (OKE) largest segment, drove the company’s earnings growth in the second quarter. If the optimization margins remain high, they could contribute significantly to the segment’s earnings in the third quarter. Higher expected ethane production might contribute to the segment’s earnings. Higher exports and demand from petrochemical companies are expected to drive the ethane production growth.
EQM Midstream Partners (EQM) announced its third-quarter results today. It reported adjusted EBITDA of $280.1 million for the quarter ended September 30, an increase of 65% year-over-year. In Q2 2018, EQM Midstream Partners reported adjusted EBITDA of $209.5 million.
Please replace the release with the following corrected version due to a correction in the 2018 Adjusted EBITDA.
EQT Corporation (EQT) today announced that its board of directors has approved the previously announced spin-off of Equitrans Midstream Corporation (ETRN), a company recently formed by EQT to hold EQT’s midstream business following the upcoming separation of EQT’s upstream and midstream businesses. The spin-off will be effected through a pro rata distribution of 80.1% of the outstanding common stock of ETRN. EQT will retain 19.9% of the outstanding common stock of ETRN.
EQM Midstream Partners, LP , declared a quarterly cash distribution of $1.115 per unit for the third quarter of 2018. The distribution will be paid on November 14, 2018, to all EQM unitholders of record at the close of business on November 2, 2018.
EQT Midstream Partners, LP and EQT GP Holdings, LP will host a joint teleconference with security analysts on October 25, 2018, beginning at 11:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the third quarter 2018.
EQT Corporation will host a teleconference with security analysts on October 25, 2018, beginning at 10:30 a.m. ET. Topics of the teleconference will include financial and operational results, and other matters, with respect to the third quarter 2018.
Mountain Valley Pipeline's plans to complete its 303-mile natural gas pipeline through West Virginia and Virginia hit another snag with a federal circuit court's pulling of a key water permit that threatens construction. The Fourth District Court of Appeals in Richmond, Virginia, vacated MVP's stream and wetland crossing permit from the U.S. Army Corps of Engineers for about 160 miles of the route. The pipeline, a joint venture that includes EQT Corp. (NYSE: EQT) and EQT Midstream Partners (NYSE: EQM) will carry natural gas from southwestern Pennsylvania and elsewhere to markets in the southeast.
NEW YORK, Oct. 03, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Mountain Valley Pipeline, LLC, today, announced that it has increased its overall project cost estimate to $4.6 billion. The Federal Energy Regulatory Commission cleared MVP to restart full construction on August 29, 2018, with exception of approximately 25 miles of the route. Based on the current construction plan, MVP expects to complete more than 50% of the pipeline by year-end.
DALLAS , Sept. 14, 2018 /PRNewswire/ -- Alerian announced the results of the September quarterly review for the Alerian Index Series. All changes will be implemented as of the close of business on Friday, ...
Mountain Valley Pipeline, LLC released the following statement and background information related to project-wide preparation activities for Hurricane Florence, which is currently projected to impact the east coast and could affect several areas of the Mountain Valley Pipeline (MVP) route across Virginia, and possibly even West Virginia as the storm moves inland. “Given the current path of the storm, forecasters are expecting an unprecedented amount of rainfall across Virginia later this week and through the weekend – therefore, we are taking all possible precautions in Virginia to ensure the safety of our crews and communities, as well as to protect and maintain erosion and sediment controls along MVP’s right-of-way.
Cheniere Energy (LNG) was among the top midstream gainers last week. The stock rose 2.8% during the week. In contrast, the sector was broadly in the red. For latest on the stock, read How Cheniere Energy Is Faring amid Recent Trade War Tensions.
Mountain Valley Pipeline, LLC released the following statement in response to individual orders issued by the Federal Energy Regulatory Commission (FERC) and the U.S. Court of Appeals for the Fourth Circuit on August 29, 2018, for the Mountain Valley Pipeline (MVP) project. The FERC’s Modified Stop Work Order allows full construction activities to restart along the route, with exception of areas located within proximity of the Weston Gauley Bridge Turnpike Trail and the Jefferson National Forest. The order by the Fourth Circuit Court lifted the stay of the West Virginia 404 permit issued by the Huntington District of the U.S. Army Corps of Engineers, which pertained to stream and wetland crossings.
EQT Midstream Partners (EQM), a midstream MLP primarily involved in natural gas gathering, compression, and transportation, has an upside potential of 15.5% for the next 12 months. Analysts have given the company a target price of $66.6—compared to its current market price of $57.7.