MPLX - EQT Midstream Has Plenty Of Work In The Pipeline No Puns Intended
EQT Midstream Partners LP (EQM) has fallen alongside the rest of the midstream sector, implying that its share price performance is not necessarily indicative of actual company fundamentals.
EQT has plenty of catalysts on the horizon to drive future earnings, including MVP, Hammerhead, the Equitrans Expansion Project, and MVP Southgate.
All of these projects should drive significant EBITDA for EQT through 2020 and should mostly be done through cash flows, instead of issuing shares, which eliminates risks of being diluted. Furthermore, the increase in earnings will also allow for stronger dividend coverage, and even possibilities