Why EQT Stock Is Losing Gas Today [Yahoo! Finance]
Equitrans Midstream Corporation (ETRN)
Last equitrans midstream corporation earnings: 2/27 06:30 am
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Source: Yahoo! Finance
Investors reacted by sending shares of EQT down about 7% as of 10:18 a.m. ET. A "transformational" acquisition EQT is a natural gas production company focused on the Appalachian Basin, including the Marcellus shale basin. In 2018, the company spun its pipeline operations out as an independent business under the watchful eye of activist investor Jana Partners. On Monday, the EQT announced plans to reacquire the business. Terms of the deal call for EQT to pay 0.3504 of its shares for each share of Equitrans, or about $12.50 per share based on Friday closing prices, a premium of 12% over Equitrans' $11.15 Friday close. The deal would give EQT ownership of the Mountain Valley Pipeline project, which is designed to ferry gas from the Marcellus area to the U.S. Southeast, with potential connections to Gulf Coast export projects. EQT said the deal would help reduce its break-even point for gas exploration. "Equitrans is the most strategic and transformational transaction EQT has ev
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News
- Equitrans Midstream Co. (NYSE: ETRN) had its price target raised by analysts at Wells Fargo & Company from $12.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Mountain Valley Pipeline hopes for May 31 commissioning as costs rise [Yahoo! Finance]Yahoo! Finance
- Barclays Begins Implementing Job Cuts Across Investment Bank [Yahoo! Finance]Yahoo! Finance
- Barclays Begins Implementing Job Cuts Across Investment Bank [Yahoo! Finance Canada]Yahoo! Finance Canada
- Barclays Begins Implementing Job Cuts Across Investment Bank [BNN Bloomberg (Canada)]BNN Bloomberg
ETRN
Earnings
- 4/30/24 - Beat
ETRN
Sec Filings
- 5/1/24 - Form S-8
- 5/1/24 - Form S-8
- 5/1/24 - Form S-8
- ETRN's page on the SEC website