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EQT - EQT Corporation: Equitrans Deal A Strong Positive Commercially
EQT Corporation
2024-04-15 01:29:38 ET
Summary
EQT Corporation plans to acquire its pipeline division, Equitrans, to eliminate the risk of cost overruns and delays in the Mountain Valley Pipeline project.
The acquisition will make EQT Corporation a more vertically integrated business, with midstream assets making up a significant portion of its value.
The deal aims to achieve synergies and cost savings through better optimization of the two companies' asset bases, but concerns remain about the debt load resulting from the acquisition.