EQT to file registration statement for interests in general partner of EQM

EQT Corp.

EQT Corp. (NYSE: EQT) intends to file a registration statement with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) of common units of a master limited partnership (HoldCo) that will own the general partner and the incentive distribution rights of EQT Midstream Partners LP (NYSE: EQM), as well as EQT’s 21.3 million limited partner units.

EQT expects to file a registration statement for the IPO with the SEC during the first quarter of 2015, and anticipates the public offering in mid-2015.

Under the proposed structure, EQT expects to sell a small percentage of HoldCo to the public in the IPO. At the close of the IPO, EQT would own the general partner of HoldCo, and more than 80% of HoldCo’s common units. EQT intends to use the net proceeds from the IPO for the development of its existing assets, future capital expenditures, and general corporate purposes.

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