EQT Sells Stake in Midstream Assets to Blackstone for $3.5B

Key TakeawaysEQT 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 said the money raised will be used to buy back its debt.The investment values the joint venture at around$8.8 billion. EQT (EQT) shares rose after the natural gas producer said Blackstone’s (BX) credit and insurance business is buying a $3.5 billion stake in its midstream assets through a joint venture. Under the terms ...