EQT to sell natural gas pipeline stakes to Blackstone

EQT Sells Stake in Midstream Assets to Blackstone for $3.5B
EQT shares rose after the natural gas producer said Blackstone’s credit and insurance business is buying a $3.5 billion stake in its midstream assets through a joint venture.
EQT to sell natural gas pipeline stakes to Blackstone in $3.5B deal
EQT Corp. (NYSE:EQT) +3.7% pre-market Monday after saying asset manager Blackstone (BX) agreed to acquire non-controlling equity interests in some of its natural gas pipelines for $3.5B in cash. EQT (EQT) and Blackstone (BX) will form a new midstream joint venture consisting of EQT's ownership interest in the Mountain Valley pipeline,
Blackstone to buy EQT’s midstream assets for $3.5bn
Blackstone has agreed to buy natural gas company EQT Corporation’s contracted infrastructure assets for $3.5 billion through a new midstream joint venture (JV). The investment implies a total JV valuation of around $8.8 billion or 12x EBITDA. Both Blackstone and EQT will hold equity stakes in the JV.
EQT and Blackstone Create $3.5-Billion Joint Venture
EQT Corporation has formed a $3.5 billion midstream joint venture with Blackstone, highlighting continued consolidation in the U.S. energy sector.
EQT Teams with Blackstone for $3.5 Billion Midstream Joint Venture
EQT said it has agreed to form a new midstream joint venture with Blackstone's credit asset management division in exchange for $3.5 billion in cash. The company said Monday that the joint venture with Blackstone Credit & Insurance is to consist of EQT's ownership interest in contracted infrastructure assets,
Blackstone strikes $3.5bn financing deal with energy group EQT
Joint venture for pipeline stakes is latest example of companies using private capital firms for balance sheet relief
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