EQT Midstream Partners, LP Completes Initial Public Offering

EQT Midstream Partners, LP, a Delaware limited partnership (the Partnership) and an EQT Corporation company, today completed its initial public offering of 14,375,000 common units representing limited partner interests at $21.00 per common unit. The number of common units issued at closing included 1,875,000 common units that were issued pursuant to the full exercise of the underwriters’ over-allotment option. The Partnership received net proceeds of approximately $282 million from the offering, after deducting the underwriting discount and structuring fee, but before taking into account estimated offering expenses. The common units of the Partnership trade on the New York Stock Exchange under the symbol EQM.

The common units sold to the public represent a 40.6% limited partner interest in the Partnership. EQT Corporation holds the 2% general partner interest and the remaining 57.4% limited partner interest in the Partnership.

Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering. Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets acted as co-managers for the offering.

This offering of common units is made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:

Citigroup					Barclays
Brooklyn Army Terminal Financial					c/o Broadridge Financial Solutions
Attention: Prospectus Dept.					1155 Long Island Avenue
140 58th Street, 8th Floor,					Edgewood, NY 11717
Brooklyn, NY 11220					Telephone: [phone]
Telephone: [phone]					[e-mail]
[e-mail]
BofA Merrill Lynch					Credit Suisse
222 Broadway, 7 th Floor					Attention: Prospectus Department
New York, NY 10038					One Madison Avenue
Attention: Prospectus Department					New York, NY 10010
[e-mail]					Telephone: [phone]
J.P. Morgan					Wells Fargo Securities
via Broadridge Financial Solutions					375 Park Avenue
1155 Long Island Avenue					New York, NY 10152
Edgewood, NY 11717					Attention: Equity Syndicate Dept.
Telephone: [phone]					Telephone: [phone]
					[e-mail]

A registration statement relating to these securities has been filed with and declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

1 2 Next › Last »