EQT Midstream Partners, LP (NYSE:EQM), an EQT Corporation company, today announced its 2014 financial and capital expenditure (CAPEX) forecast. Adjusted EBITDA is expected to be $170 - $175 million and distributable cash flow is expected to be $148 - $153 million. The adjusted EBITDA, distributable cash flow and CAPEX forecasts do not include financial impacts of potential acquisitions. See the Non-GAAP Disclosures section below for important information regarding the non-GAAP financial measures included in this news release. Distributions: EQT Midstream Partners, LP (Partnership) forecasts quarterly distribution increases of at least $0.03 per unit through the end of 2014. The distribution forecast is based on accretion from the 2013 acquisition of the Sunrise Pipeline and expected organic growth, which is driven by ongoing development of the Marcellus shale. The 2014 expected per unit distribution of $2.14 is 29% higher than the 2013 expected per unit distribution of $1.66. The Partnership forecasts a coverage ratio of 1.1x – 1.5x during this time period. Capital Expenditures: The Partnership forecasts total CAPEX to be approximately $80 - $85 million in 2014, and expects to increase Equitrans transmission capacity by 650 BBtu per day in 2014, which will bring the total transmission throughput capacity to 2.9 TBtu per day. Expansion The Partnership expects to complete the fully subscribed Jefferson compression expansion project in the third quarter of 2014, which will add 550 BBtu per day of transmission capacity. The Jefferson compression expansion is a $30 million project, with $20 - $25 million investment expected in 2014. On December 17, the Partnership entered into two separate agreements with Antero Resources for firm transportation services on the Equitrans transmission system. Each agreement will ultimately provide 100 BBtu per day of firm transmission capacity on the transmission system for a combined total of 200 BBtu per day. As part of the agreement, the Partnership expects to spend approximately $55 million on two separate transmission expansion projects in northern West Virginia. The Partnership will spend $26 million on a west-side expansion that will add 100 BBtu per day of transmission capacity and is expected to be in full service by year-end 2014. The Partnership will spend $29 million on an east-side expansion that will add 100 BBtu per day of transmission capacity and is expected to be in full service by mid-year 2015. Combined, the agreements begin with 75 BBtu per day of firm transmission capacity commencing on April 1, 2014 and increase to a total of 200 BBtu per day by mid-year 2015. The agreements are primarily fixed-fee, demand based with a 10-year term from each projects full 100 BBtu per day in-service dates. The Partnership expects to spend approximately $30 million on the two projects in 2014, with the remaining $25 million spent in 2015.