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EQT - Why You Need To Avoid EQM Midstream Partners
EQT Corporation
EQM Midstream (EQM) has strong operational concerns. Also, the company is taking on new debt and issuing equity to fund the distributions. In this article, I am discussing why you need to avoid having a long position in EQM.
EQM’s headwinds
I found a significant discrepancy between EQM’s management’s words and actions in the 2Q 2019 earnings call. To begin with, Tom Karam, CEO, does not seem very optimistic about the production growth of natural gas. He claims that the company should continue to focus on being the low-cost midstream service provider