EQT plans to reacquire Equitrans Midstream for $5.5B, creating a $35B vertically integrated natural gas company.
Natural gas producer EQT plans to reacquire pipeline operator Equitrans Midstream for $5.5 billion, creating a $35 billion vertically integrated natural gas behemoth. The combined company will have control over large production areas and 2,000 miles of pipeline infrastructure, with opportunities to extract $250 million in annual synergies. However, the acquisition brings risks, and investors need to watch closely as EQT navigates securing approvals and integrating Equitrans.
March 11, 2024
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