Welcome to our dedicated page for Equitrans Midstream news (Ticker: ETRN), a resource for investors and traders seeking the latest updates and insights on Equitrans Midstream stock.
Equitrans Midstream Corporation (ETRN) provides essential natural gas infrastructure across the Appalachian Basin, operating one of North America's most extensive midstream networks. This page serves as the definitive source for verified company announcements, operational updates, and strategic developments.
Access real-time updates on ETRN's pipeline operations, storage capacity expansions, and sustainability initiatives. Investors and industry observers will find timely coverage of earnings reports, regulatory filings, and infrastructure milestones that shape the company's position in the energy sector.
Our curated news collection includes:
• Operational updates on gas transmission and storage systems
• Strategic partnerships enhancing Appalachian Basin infrastructure
• Regulatory compliance and environmental stewardship announcements
• Financial performance reports and capital allocation plans
Bookmark this page for direct access to ETRN's official communications, maintained with strict adherence to factual accuracy and financial disclosure standards. For comprehensive monitoring of midstream sector developments, revisit regularly for the latest verified updates.
Tortoise has announced significant changes to two of its indices due to a corporate action. Equitrans Midstream Corp (NYSE:ETRN) will be removed from both the Tortoise North American Pipeline Index (TNAP) and the Tortoise Decarbonization Infrastructure Index (DCRBN) following its approved acquisition by EQT Corp (NYSE:EQT). The removal will take effect at market open on Monday, July 22, 2024.
For the TNAP, a special rebalance will be conducted to accommodate ETRN's removal. In contrast, the DCRBN will not require a special rebalancing; instead, ETRN's weight will be distributed proportionally among the remaining index constituents.
Equitrans Midstream (NYSE: ETRN) announced the full redemption of its Series A Perpetual Convertible Preferred Shares, set for July 22, 2024. The redemption price is $22.83 per share, incorporating a 110% multiplier on $19.99 plus accrued dividends. This redemption is contingent on the consummation of a proposed merger with EQT , which has deposited sufficient funds with Equiniti Trust Company to facilitate the transaction. If the merger does not occur, the redemption will be void. Upon redemption, preferred stockholders’ rights will terminate, except for receiving the redemption price. Payment will be handled through DTC procedures. For further details, shareholders are directed to contact Equiniti Trust Company.
Equitrans Midstream (NYSE: ETRN) and EQT (NYSE: EQT) have set the deadline for record holders of Equitrans Series A Perpetual Convertible Preferred Shares to elect their form of consideration amid the proposed merger between the two companies. The deadline is 11:59 p.m. Eastern Time on July 9, 2024. Holders must complete and submit the required election forms to Equiniti Trust Company, Equitrans' transfer agent, by this time. If holders fail to submit their forms on time, they will automatically be considered to have elected the Conversion Election. Notably, Equitrans Preferred Stock may be optionally redeemed before the merger completion as per the Merger Agreement.
The Mountain Valley Pipeline (MVP) has commenced operations, meeting all legal and regulatory requirements, including approvals from the U.S. Pipeline and Hazardous Materials Safety Administration and the Federal Energy Regulatory Commission. The 303-mile natural gas pipeline spans West Virginia and Virginia, providing up to 2 Bcf of gas per day to mid-Atlantic and Southeast U.S. markets. MVP will offer short-term transportation services until long-term commitments start on July 1, 2024. Equitrans Midstream, the pipeline’s main owner, highlights MVP's role in enhancing energy security and supporting a lower-carbon future. The project, initiated in 2014, has faced rigorous regulatory oversight and involved thousands of skilled workers.
Equitrans Midstream (NYSE: ETRN) announced financial results for the first quarter 2024, reporting $111.9 million of net income and $271.8 million of Adjusted EBITDA. The company is nearing completion of the Mountain Valley Pipeline project, with a total project cost estimated at approximately $7.85 billion. ETRN reported first quarter equity income of $73.0 million related to resuming MVP construction. Quarterly dividend of $0.15 per share will be paid on May 15, 2024. ETRN has discontinued providing financial guidance due to the pending acquisition by EQT
