EQT Corporation completes Acquisition of Equitrans Midstream

EQT Corporation (EQT) has closed its acquisition of Equitrans Midstream (ETRN). The merger of EQT and Equitrans creates America’s only large-scale, vertically integrated natural gas business. The combined company is projected to have an unlevered NYMEX free cash flow breakeven price of approximately $2.00 per MMBtu. EQT has identified more than $425M of annual synergies associated with the combination. In conjunction with the closing, three former Equitrans directors, Vicky Bailey, Thomas Karam, and Robert Vagt, have joined the EQT Board of Directors, effective immediately.