EQT Plans to Sell Minority Stakes in Its Pipeline Assets for $3.5B
EQTEQT(EQT) ZACKS·2024-10-28 21:46

EQT Corporation (EQT) , a leading U.S.-based natural gas producer, is reportedly in talks with Blackstone, a major private equity (PE) firm, to sell minority stakes in its interstate natural gas pipelines, per Reuters. The transaction is valued at approximately $3.5 billion. The two companies are currently going through extensive discussions, and if everything falls in place, a deal might be finalized in the upcoming weeks, according to sources. This might ease a considerable amount of the debt burden on EQ ...