EQT Midstream Partners begins public offering of common units

EQT Midstream Partners LP (NYSE: EQM), an EQT Corp. company, has begun an underwritten public offering of 5,650,000 common units representing limited partner interests. EQM also intends to grant the underwriters a 30-day option to purchase up to an additional 847,500 common units.

EQM intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, if any, for general partnership purposes, including funding a portion of EQM’s anticipated transmission and gathering expansion in 2016.

Citigroup and Barclays are acting as joint book-running managers for the offering.

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