EQT CEO Sees Major AI Opportunity in $5.5B Equitrans Deal

EQT Corporation (EQT) has announced its agreement to acquire Equitrans Midstream Corporation (ETRN) in an all-stock deal valued at approximately $14 billion, including debt. The merger came amid a surge in merger activity within the U.S. shale oil and gas industry, with companies seeking greater scale and cost efficiencies to withstand volatile commodity prices.EQT aims to enhance its position as a low-cost natural gas producer by leveraging Equitrans Midstream's assets, which include more than 2,000 miles ...