EQT Corp. (EQT) Trades Higher on Successful EQT Midstream (EQM) IPO

June 27, 2012 12:04 PM EDT
EQT Corp. (NYSE: EQT) shares are higher Tuesday following the largely successful IPO of its EQT Midstream Partners (NYSE: EQM) unit.

After opening at $21, the stock is up about 12 percent, or $2.50.

EQT is up 3.8 percent on the session.

EQT Midstream Partners, LP is a growth-oriented master limited partnership formed by EQT Corporation to own, operate, acquire and develop midstream assets in the Appalachian basin.

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