EQT Midstream Partners, LP Prices Initial Public Offering Of Common Units

EQT Midstream Partners, LP, a Delaware limited partnership (the Partnership) and an EQT Corporation company, today announced it has priced its initial public offering (IPO) of 12,500,000 common units representing limited partner interests at $21.00 per common unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,875,000 common units at the IPO price, less underwriting discounts to cover allotments, if any. The common units of the Partnership will begin trading on June 27, 2012 on the New York Stock Exchange, under the symbol EQM. The offering will close on July 2, 2012, subject to customary closing conditions.

Upon conclusion of the offering, the public ownership will represent a 35.3% limited partner interest in the Partnership, or 40.6% limited partner interest if the underwriters exercise their over-allotment option in full. EQT Corporation will hold the 2% general partner interest and a 62.7% limited partner interest in the Partnership, or 57.4% if the underwriters exercise their over-allotment option in full.

The net proceeds from any exercise of the underwriters’ option to purchase additional common units will be distributed to EQT Corporation. Citigroup, Barclays, BofA Merrill Lynch, Credit Suisse, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering. Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as co-managers for the offering.

This offering of common units will be 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: 1-888-603-5847
Telephone: 1-800-831-9146

barclaysprospectus@broadridge.com

batprospectusdept@citi.com
 
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

dg.prospectus_requests@baml.com
Telephone: 1-800-221-1037
 
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: 1-866-803-9204 Telephone: 1-800-326-5897

cmclientsupport@wellsfargo.com
 

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.

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