EQT Midstream Will Buy Gas Gathering Assets From EQT Corp.

摘要

EQT Midstream Partners LP said it would buy parent EQT Corp.'s Northern West Virginia Marcellus Gathering System and a preferred interest in an EQT subsidiary for about $1.05 billion. EQT shares were down 1.5 percent in after-hours trading on Tuesday, while EQT Midstream shares were flat at $80.46. EQT formed EQT Midstream in 2012 to own, operate, acquire and develop midstream assets in the Appalachian Basin. EQT has a 34.4 percent limited partner interest and a 2 percent general partner interest in EQT Midstream, according to the company's website.