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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:08 EDTEQM, NEE, EQTEQT, NextEra Energy announce Southeast pipeline project
EQT Corporation (EQT) and NextEra US Gas Assets, LLC, an indirect, wholly owned subsidiary of NextEra Energy (NEE) announced the commencement of a non-binding open season for the Mountain Valley Pipeline project, which is expected to connect Marcellus and Utica natural gas supply to demand markets in the Southeast region of the United States. The companies also announced the signing of a letter of intent to form a joint venture that is expected to construct and own the Mountain Valley Pipeline. Under the letter of intent, EQT is expected to, through one or more of its affiliates, including EQT Midstream Partners, LP (EQM), operate the pipeline and own a majority interest in the joint venture. Subject to FERC approval, the 330-mile Mountain Valley Pipeline project will extend the Equitrans transmission system from Wetzel County, West Virginia; and travel south to its expected primary delivery point, Transcontinental Gas Pipeline Company’s Zone 5 compressor station 165 in Pittsylvania County, Virginia. In addition to the primary delivery point, the Mountain Valley Pipeline has numerous potential interconnects with pipelines and processing facilities; and shippers will have the option to request a project extension to delivery points further south into North Carolina. The Mountain Valley Pipeline is expected to initially provide at least two billion cubic feet per day of firm transmission capacity. Including EQT, the open season has commitments from two foundation shippers that, combined, have agreed to one Bcf per day of firm transmission capacity through 20-year contracts on the Mountain Valley Pipeline. Delivery to Transco station 165 is expected to be in service by the fourth quarter of 2018.
News For EQT;NEE;EQM From The Last 14 Days
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July 30, 2015
09:05 EDTEQT, EQMEQT releases seven-day data for Utica Well
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July 23, 2015
16:44 EDTEQMEQT Midstream Partners files to sell $750M of common units
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07:20 EDTEQMEQT Midstream Partners to build header pipeline for Range Resources
EQT Midstream Partners (EQM) announced that it has entered into a definitive agreement with Range Resources (RRC) – Appalachia, LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development. The pipeline will provide greater than half a billion cubic feet per day of firm capacity and is backed by a long-term firm capacity reservation commitment. EQT Midstream Partners will invest approximately $250M for the construction of 32 miles of pipeline and installation of approximately 32,000 horsepower of compression. The Partnership plans to complete the project in two phases, with phase one expected to be in-service by the third quarter of 2016 and phase two by mid-year 2017. The majority of capital investment is expected throughout 2016 and the first half of 2017.
07:16 EDTEQMEQT Midstream Partners sees Q3 adjusted EBITDA $112M-$117M
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07:15 EDTEQMEQT Midstream Partners reports Q2 EPS $1.12, consensus $1.15
Reports Q2 revenue $144.6M, consensus $152.19M.
07:12 EDTEQTEQT reports Q2 adjusted EPS 1c, consensus 5c
Reports Q2 revenue $433.17M, consensus $490.71M. EQT Production achieved sales volume of 147.1 Bcfe in the second quarter 2015, 33.5% higher than the second quarter 2014; however, the increase in revenue from the higher volume was more than offset by a 53% lower average realized sales price compared to the same quarter last year, at $1.41 per Mcfe for the quarter.
July 22, 2015
15:26 EDTEQTNotable companies reporting before tomorrow's open
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July 21, 2015
16:24 EDTEQMEQT Midstream Partners raises quarterly distribution to 64c from 61c per unit
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10:01 EDTEQTOn The Fly: Analyst Initiation Summary
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09:21 EDTEQTOn The Fly: Pre-market Movers
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06:07 EDTEQTEQT Corporation initiated with an Outperform at Cowen
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