EQT Forms $3.5B Midstream JV With Blackstone to Strengthen Assets

EQT Corporation (EQT) has announced a $3.5 billion midstream joint venture with funds managed by Blackstone Credit & Insurance (“BXCI”). The partnership involves EQT’s ownership interests in several high-quality, contracted midstream assets, including Mountain Valley Pipeline, LLC (Series A), FERC-regulated transmission and storage assets and the Hammerhead Pipeline.Under the agreement, BXCI will acquire a non-controlling common equity stake in the joint venture (JV). EQT will retain rights to future growth ...