$20.83 | -0.21
June 25, 2019 9:07 AM ET

$44.62 | 0.14
June 25, 2019 9:07 AM ET

A premier natural gas midstream operator in the Marcellus & Utica shale
3rd largest gatherer of natural gas in the U.S.
#1 customer is largest natural gas producer in the U.S.
Strategic infrastructure positioned to debottleneck Appalachian basin

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
On February 21, 2018, EQT Corporation (EQT) announced plans to separate its separately managed gathering, transmission and storage, and water services operations (Midstream Business) from its natural gas, oil and natural gas liquids development, production and sales and commercial operations (Upstream Business). The separation of the Midstream Business from the Upstream Business will culminate in the spinoff from EQT of a new company named Equitrans Midstream Corporation. Equitrans Midstream will trade on the NYSE under the ticker symbol ETRN.

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 and ownership of Equitrans Midstream
Following the separation, Equitrans Midstream will hold an approximate 91.3% limited partner interest and the entire non-economic general partner interest in EQGP Holdings, LP (EQGP), a publicly traded partnership that trades on the NYSE under the ticker symbol EQGP. Equitrans Midstream will also hold an approximate 12.7% limited partner interest in EQM Midstream Partners, LP (EQM), a publicly traded partnership that trades on the NYSE under the ticker symbol EQM.



EQM owns, operates, acquires and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. Additionally, EQGP holds an approximate 1.2% general partner interest, an approximate 17.9% limited partner interest and all of the incentive distribution rights in EQM.

Benefits of the separation
It is expected that EQT and Equitrans Midstream, as two distinct businesses, will have enhanced potential for customer base expansion and organic growth, and greater focus on their respective businesses and strategic priorities – resulting in enhanced long-term performance for each business.

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.

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