|Bid||19.05 x 800|
|Ask||23.00 x 1800|
|Day's Range||19.77 - 20.08|
|52 Week Range||18.25 - 23.47|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||23.09|
|Forward Dividend & Yield||1.64 (8.22%)|
|1y Target Est||25.63|
Gastonia-based PSNC Energy, once slated to be a 30% partner in the $500 million MVP Southgate extension, says the investigation did not lead to its December decision to sell its stake in the project.
Gastonia-based PSNC Energy confirms it sold all of its share in the proposed Southgate MVP pipeline on Dec. 17. The sale was surprising, because PSNC bought into the project just four months earlier.
Equitrans Midstream Corp., created by the split of natural gas producer EQT Corp., is embarking on a future that will include not only moving natural gas but also water. Much of the revenue around Equitrans (NYSE: ETRN) is around current and future pipelines including the Mountain Valley Pipeline, which could be completed by the end of 2019. Equitrans is expecting to spend $100 million in fresh water infrastructure including 55 miles of permanent pipe in southwestern Pennsylvania and Belmont County, Ohio.
EQM Midstream Partners LP said on Thursday it expects to complete the $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in the fourth quarter of 2019 despite remaining legal challenges against the project. The company said in its fourth quarter earnings release that Mountain Valley was about 70 percent complete. EQM said it is working through the project's remaining legal challenges, including securing a Nationwide 12 Permit from the U.S. Army Corps of Engineers for stream and waterbody crossings.
Equitrans Midstream Corporation (ETRN), EQM Midstream Partners, LP (EQM), and certain of their affiliates today announced that they have entered into a definitive agreement to exchange and eliminate the EQM Incentive Distribution Rights (IDRs) and restructure the economic general partner interest in EQM.
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Equitrans Midstream Corporation (ETRN) has declared a quarterly cash dividend of $0.41 per share for the fourth quarter of 2018. The dividend will be paid on February 27, 2019 to all ETRN shareholders of record as of the close of business on February 15, 2019. In 2019, ETRN expects to pay a quarterly dividend of $0.45 per share, resulting in an annual dividend of $1.80 per share.
Equitrans Midstream Corporation and EQM Midstream Partners, LP will release their fourth quarter and full-year 2018 earnings on Thursday, February 14, 2019, and will also host a conference call with analysts and investors at 11:00 am .
Equitrans Midstream Corporation (ETRN) has completed its exercise of the Limited Call Right, as previously announced, and has purchased all remaining common units in EQGP Holdings, LP (EQGP) (EQGP Common Units) for $20.00 per unit in cash. Prior to the Limited Call Right, ETRN closed certain private purchase transactions and owned approximately 96% of the outstanding EQGP Common Units. As a result of the private purchase transactions and completion of the Limited Call Right, EQGP is now an indirect, wholly owned subsidiary of ETRN.
DALLAS , Jan. 9, 2019 /PRNewswire/ -- Alerian announced today that EQGP Holdings (NYSE: EQGP) will be removed from the Alerian Midstream Energy Index (AMNA), Alerian US Midstream Energy Index (AMUS), Alerian ...
Equitrans Midstream Corporation (ETRN) today announced that it has closed the previously announced private purchases of common units (EQGP Common Units) in EQGP Holdings, LP (EQGP) for $20.00 per unit in cash (Private Purchases). As a result of the Private Purchases, ETRN and its affiliates now own more than 95% of the outstanding EQGP Common Units and ETRN has exercised the Limited Call Right under EQGP’s partnership agreement to acquire all remaining EQGP Common Units not already owned by ETRN and its affiliates.
Equitrans (ETRN) is set to acquire EQGP Holdings for $20 per unit in cash. The proposed agreement is expected to make the corporate structure of the company more comprehensive.
Equitrans Midstream Corporation (ETRN) today announced that it has entered into definitive purchase agreements with certain unitholders of EQGP Holdings, LP (EQGP) to acquire limited partner interests in EQGP (EQGP Common Units) for $20.00 per unit in cash (Private Purchases), which is a 17.5% premium to the EQGP closing market price as of November 29, 2018. The Private Purchases are expected to close on or about December 31, 2018, after which ETRN and its affiliates will own more than 95% of the outstanding EQGP Common Units.
EQM Midstream Partners LP said on Wednesday it still expected to complete the $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in the fourth quarter of 2019 despite a legal opinion explaining why an appeals court vacated a water permit for the project. The U.S. Court of Appeals for the Fourth Circuit issued the opinion late Tuesday explaining why it sided with environmental groups in October and decided to vacate the so-called Nationwide Permit 12 that allows the pipeline to cross rivers in West Virginia. In the opinion, the court said the project's proposed construction methods violated a special condition put forward by West Virginia, requiring stream crossings to be completed within 72 hours.