EQT Closes Midstream JV Deal with Blackstone for $3.5 Billion
A little over one month ago, we confirmed a rumor that we previously reported regarding EQT Corporation selling a minority stake in its newly-acquired midstream assets from Equitrans to investment firm Blackstone in return for $3.5 billion in cold, hard cash (see Reuters Was Right – Blackstone Paying EQT $3.5B for Pipeline Stake). The deal is now done as of Dec. 30.To view this content, log into your member account. (Not a member? Join Today!)