As a standalone publicly traded company with a premier asset footprint in the Appalachian Basin, Equitrans Midstream Corporation will have enhanced potential for customer base expansion and organic growth, while providing producers with several options to liquidate their product and enhance netback prices.
The start-up of Equitrans Midstream Corporation
The separation of the two companies is intended to provide shareholders with equity ownership in two, separate, publicly traded companies that will be able to focus exclusively on each of their respective businesses.
Structure of Equitrans Midstream
Equitrans Midstream owns a 53.5% limited partner interest in EQM Midstream Partners, LP (EQM) on an as-converted basis and the entire non-economic general partner interest in EQM. EQM is a growth-oriented limited partnership formed to own, operate, acquire, and develop midstream assets in the Appalachian Basin
Benefits of the separation
07/30/2019 - ETRN and EQM Announce Second Quarter 2019 Results
07/24/2019 - Equitrans Midstream Announces Quarterly Dividend
Equitrans Midstream & Affiliated Partner Facts
BCF of Natural Gas transported daily
Number of miles of FERC-regulated interstate pipelines operated by Equitrans Midstream
Number of miles of high- and low-pressure gathering lines operated by Equitrans Midstream
Through its investment in EQM Midstream Partners, LP (EQM), Equitrans Midstream provides midstream services to EQT Corporation and multiple third-parties in Pennsylvania, West Virginia, and Ohio through its three primary assets: the gathering system, the transmission and storage system, and its water services assets.Equitrans Midstream Corporation is the third largest natural gas gatherer in the United States.
Equitrans Midstream’s infrastructure is strategically positioned to debottleneck the Appalachian Basin, optimizing delivery of this crucial resource to meet the nation’s demand for clean energy, while prioritizing a commitment to safety and enriching the communities where its employees live and work.