What Is The Buzz Surrounding EQT Corp (NYSE:EQT)?

0
730

Rice Midstream Partners LP (NYSE:RMP) and EQT Midstream Partners LP (NYSE:EQM) reported that EQT Corp (NYSE:EQT) is looking for a simplified business arrangement for the midstream firms under its control. The assessment comprises the dropdown of company-owned midstream assets to EQT Midstream Partners, as well as prospective entity combinations. As an outcome of this assessment work, detailed midstream projection for 2018 will not be offered at this time.

The details

Depending on standalone EQM, yearly a unit distribution growth is projected to be 15%- 20% for numerous years, including next year, while pursuing a coverage ratio of 1.1x for long-term. The corresponding yearly a unit supply growth target for EQT GP Holdings LP (NYSE:EQGP) is 30% to 40%. Depending on standalone RMP, yearly per unit distribution growth is projected to be 15% to 20% for numerous years, including 2018, while looking for a coverage ratio of 1.1x for long-term.

EQT Midstream investments in organic projects, counting funds contributions to Mountain Valley Pipeline, LLC are projected to total around $1.4 billion to $1.6 billion in 2018. Underway maintenance capital expenditures are projected to be $35 million to $40 million, net of anticipated reimbursements.

RMP investments in organic projects are projected to total around $260 million in 2018; counting $215 million for compression and gathering and $45 million for water infrastructure. Projected maintenance capital expenditures stands at $22 million. EQGP and EQM plan to issue full-year 2017 earnings and schedule a live webcast for market experts on February 15, 2018.

EQT Midstream Partners marks as a growth-oriented limited association established by EQT Corporation to operate, buy, develop and own midstream resources in the Appalachian Basin. The association offers midstream services to third-party companies and EQT Corporation through its strategically based transmission, gathering and storage systems that service the Utica and Marcellus regions. This association owns around 950 miles of FERC-controlled interstate pipelines; and also has around 1,800 miles of low and high pressure gathering lines.

This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment. 

financialstrend.com