Will EQT Sell the Mountain Valley Pipeline (MVP) Crown Jewels?

March 12, 2024March 12, 2024

Yesterday, EQT Corporation announced a deal to buy its former midstream division, now called Equitrans Midstream, for roughly $5.46 billion (see Stop Press! EQT Buying Equitrans Midstream in All-Stock Deal). Equitrans owns 1,200 miles of gathering pipelines (the main reason for the purchase) and another 940 miles of interstate pipelines. The crown jewels for Equitrans is the 303-mile Mountain Valley Pipeline (MVP), which is due to be finished and online in the next few months. Would EQT sell off the crown jewels?

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