EQT Midstream Partners (EQM) Sees IPO Price of $19 - $21/Share

EQT Midstream Partners, LP (NYSE: EQM), a Delaware limited partnership (the Partnership) and an EQT Corporation (NYSE: EQT) company, today announced it has commenced an initial public offering of 12,500,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The underwriters will be granted a 30-day option to purchase up to an additional 1,875,000 common units. The common units of the Partnership will be listed and traded on the New York Stock Exchange, under the symbol “EQM.”

The company sees an offering price of $19 - $21 per share.

The common units being offered to the public represent a 35.3% limited partner interest in the Partnership, or 40.6% limited partner interest if the underwriters exercise their over-allotment option in full. EQT Corporation will hold a 2% general partner interest and a 62.7% limited partner interest in the Partnership, or 57.4% if the underwriters exercise their over-allotment option in full. Citigroup, Barclays, BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint book-running managers for the offering; Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as co-managers for the offering.

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