PITTSBURGH–(BUSINESS WIRE)–EQT Midstream Partners, LP (NYSE: EQM) announced that it expects an immaterial impact, if any, from yesterday’s revised policy statement by the Federal Energy Regulatory Commission (FERC) to disallow income tax cost recovery by pipelines owned by master limited partnerships. As of December 31, 2017, approximately 89% of EQM’s contracted transmission capacity was subscribed under negotiated rate agreements. In addition, all of the 2 Bcf per day of capacity on the Mountain Valley Pipeline is subscribed under negotiated rate agreements. In 2017, approximately 54% of operating revenues were generated by gathering operations and 46% of operating revenues were from the transmission and storage segment.
About EQT Midstream Partners:
EQT Midstream Partners, LP is a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire, and develop midstream assets in the Appalachian Basin. The Partnership provides midstream services to EQT Corporation and third-party companies through its strategically located transmission, storage, and gathering systems that service the Marcellus and Utica regions. The Partnership owns approximately 950 miles of FERC-regulated interstate pipelines; and also owns approximately 1,800 miles of high- and low-pressure gathering lines.
Visit EQT Midstream Partners, LP at www.eqtmidstreampartners.com.
About EQT GP Holdings:
EQT GP Holdings, LP is a limited partnership that owns the general partner interest, all of the incentive distribution rights, and a portion of the limited partner interests in EQT Midstream Partners, LP. EQT Corporation owns a 90% limited partner interest in EQT GP Holdings, LP.
Visit EQT GP Holdings, LP at www.eqtmidstreampartners.com.