EQM Midstream (EQM) gets a decent amount of coverage on Seeking Alpha because of its yield and its future prospects, but little detail has bee opined on here regarding its Mountain Valley Pipeline project. Already delayed several times and overrun on cost, the pipe is integral to the long-term story. Mountain Valley, alongside the Hammerhead and Southgate add-on projects, form the majority of internal growth backlog. Without successful completion, the firm cannot transition from being known as an operator of low pressure gathering systems to one operating interstate pipeline assets. In my opinion,