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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:08 EDTEQT, EQM, NEEEQT, 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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December 18, 2014
09:42 EDTEQMEQT Midstream Partners upgraded to Conviction Buy from Buy at Goldman
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December 14, 2014
19:44 EDTNEENextEra Energy could face battles with Hawaiian government, Barron's says
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December 10, 2014
10:00 EDTEQTOn The Fly: Analyst Upgrade Summary
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07:22 EDTEQTEQT Corporation upgraded to Buy from Accumulate at KLR Group
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December 8, 2014
07:31 EDTEQM, EQTEQT Corporation plans registration statement for EQT Midstream Partners
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07:08 EDTEQM, EQTEQT Midstream Partners sees 2015 adjusted EBITDA $330M-$345M
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07:06 EDTEQTEQT Corporation sees 2015 sales volume 575 – 600 Bcfe
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07:04 EDTEQT, EQMEQT Corporation sees 2015 capital expenditures $2.5B
EQT Corporation (EQT) announced the company’s 2015 capital expenditure forecast of $2.5B, excluding business development and land acquisitions. The CAPEX forecast includes $2.3B for EQT Production and $225M-$250M for EQT Midstream depending on the timing of an expected drop-down. Funding will be provided by cash generated from operations, cash-on-hand, and proceeds from midstream asset sales to EQT Midstream Partners, LP (EQM). EQT’s 2015 CAPEX forecast excludes CAPEX for EQT Midstream Partners, LP, a master limited partnership controlled by EQT Corporation and consolidated in EQT’s financial statements.

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