EQT earnings miss overshadowed by partnership valuation change, says Maxim Maxim attributes the rise in shares of EQT (EQT) despite its earning miss to the company's update on its internal valuation of its general partner ownership in EQT Midstream Partner (EQM) as well as EQT's increase in its Marcellus net acreage from 560K to 580K. Maxim reiterates its Buy rating and $135 price target on EQT.
EQT Midstream Partners increases dividend 6% to 55c EQT Midstream Partners an EQT company, announced the declaration of a quarterly cash distribution of 55c per unit for the Q3. The distribution represents a 6% increase over the distribution for the Q2 and a 28% increase over the distribution for the Q3 of 2013. The distribution will be paid on November 14 to all unitholders of record at the close of business on November 4.