Equitrans Midstream
Equitrans Midstream Corporation, also known as E-Train, is an American energy company engaged in the pipeline transportion of natural gas and natural gas liquids. It is headquartered in Pittsburgh, Pennsylvania.
| Type | Public company |
|---|---|
| NYSE: ETRN | |
| Industry | Petroleum industry |
| Founded | November 12, 2018 |
| Headquarters | 625 Liberty Avenue Pittsburgh, Pennsylvania, United States |
Key people | Thomas F. Karam, President & CEO Diana M. Charletta, Executive Vice President & Chief Operating Officer Kirk R. Oliver, Senior Vice President & CFO |
| Products | Natural gas Natural gas liquids |
| Revenue |  $1.3 billion (2021) |
| -$1.3 billion (2021) | |
| Total assets | $0.4 billion (2021) |
| Total equity | $2.0 billion (2021) |
Number of employees | 766 (2021) |
| Website | www |
| Footnotes / references [1] | |
Equitrans Midstream is known informally as "E-Train".[2]
Corporate history
In November 2018, EQT Corporation split into two companies. Equitrans Midstream, a stand-alone corporation, retained EQT's assets, and remained engaged in the midstream gathering and transportation of natural gas and natural gas liquids.[3][4] EQT Corporation remained involved only in gas exploration and production.[3] EQT retained a 19.9 percent interest in Equitrans Midstream,[4] and was awarded a general partner interest in EOGP Holdings LP, a company formed in 2015 to hold a general interest partnership in EQM Midstream Partners LP. Equitrans Midstream also retained a small limited partner interest in EQM Midstream Partners.[3]
EQT Corporation also spun off EQM Midstream Partners, a company with the mission of acquiring midstream assets in the Appalachian Basin. Equitrans Midstream acquired EQM Midstream Partners in a share-for-share merger worth ($1,884,700,000 in 2021 dollars). The merger was finalized in June 2020.[2][5]
Equitrans Midstream is building the $5.2 billion Mountain Valley Pipeline.[2]
References
- Equitrans Midstream Corporation (February 23, 2022). "Item 8. Financial Statements and Supplementary Data. Statements of Consolidated Comprehensive Income for the Years Ended December 31, 2021, 2020 and 2019". Annual Report Pursuant to Section 12 or 15(d) of the Securities Exchange Act of 1934. Form 10-K (Report). U.S. Securities and Exchange Commission. Retrieved May 1, 2022.
- Gough, Paul J. (June 17, 2020). "Equitrans, EQM complete merger". Pittsburgh Business Times. Retrieved May 1, 2022.
- Gough, Paul J. (November 13, 2018). "It's official: EQT splits into two companies". Pittsburgh Business Times. Retrieved May 1, 2022.
- "Equitrans Midstream launches as standalone company". Oil & Gas Journal. November 13, 2018. Retrieved May 1, 2022.
- "Equitrans, EQM Midstream complete $1.8B simplification merger". S&P Global News. June 17, 2020. Retrieved May 1, 2022.