January 2012, Vol. 239 No. 1
In The News
EQT Plans MLP For Interstate Natural Gas Transmission Business
EQT Corp. will file a registration statement with the Securities and Exchange Commission for an initial public offering of common units of a master limited partnership that would own portions of the assets of Equitrans, L.P., EQT’s interstate pipeline subsidiary.
EQT expects to sell a limited partner interest in the MLP in the IPO, subject to market conditions. At the close of the IPO, EQT would own the general partner of the MLP, which would own the incentive distribution rights, as well as a substantial portion of the MLP’s common units. Proceeds of the IPO would be used to fund further acceleration of EQT’s Marcellus development. The MLP is expected to focus on providing transmission and gathering services to producers in the Marcellus Shale, including EQT Production Co.
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