EQT Looks To Lower Breakeven Costs With Equitrans Deal [Seeking Alpha]
Equitrans Midstream Corporation (ETRN)
Last equitrans midstream corporation earnings: 2/27 06:30 am
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Source: Seeking Alpha
Equitrans has been hampered by its ill-fated Mountain Valley Pipeline project, which looks like it will finally soon come online. EQT will benefit from becoming vertically integrated, while it will look to sell non-core assets to reduce debt. In March 2023, I started coverage of EQT ( NYSE: EQT ) with a “Buy” rating, saying the stock was a good way to play a potential rebound in natural gas prices. In November , meanwhile, I wrote that the stock traded at a discount to peers, making it look still attractive despite its run-up in price. Let's catch up on the name following a big merger. Company Profile As a reminder, EQT is the largest natural gas producer in the U.S. The company operates in the Marcellus and Utica Shales in Appalachia, where it owns approximately 2.0 million gross acres in Pennsylvania, West Virginia, and Ohio. Of its properties, it considers 1.1 million of its acres as core. It estimates that it has about 30 years of de-risked inventory. Equitrans Acquis
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ETRN
News
- EQT to pursue 500M cf/day Mountain Valley Pipeline expansion [Seeking Alpha]Seeking Alpha
- EQT Cuts Sales Guidance, Plans to Curtail Production Through May [BNN Bloomberg (Canada)]BNN Bloomberg
- Equitrans Midstream Announces Quarterly DividendsBusiness Wire
- Barclays' Essaid Named Sole Global Mergers and Acquisitions Head [BNN Bloomberg (Canada)]BNN Bloomberg
- EQT cut at Wells Fargo as Equitrans merger deal raises near-term risk [Seeking Alpha]Seeking Alpha
ETRN
Earnings
- 2/20/24 - Beat
ETRN
Sec Filings
- 4/24/24 - Form 425
- 4/24/24 - Form 8-K
- 4/23/24 - Form 425
- ETRN's page on the SEC website