EQT is accelerating work on the Mountain Valley Pipeline Southgate extension after securing all major regulatory approvals, finalizing a long-term supply agreement and expanding its midstream asset base through a recent infrastructure acquisition. The company is pulling forward $85 million of capital spending to advance the project, while signing a 10-year contract with Competitive Power Ventures' Shay Energy Center that provides volume and pricing visibility. EQT also completed the $77 million Blackline Midstream acquisition, adding storage and distribution capacity to support marketing options. These moves aim to tighten the link between upstream gas production and fee-based midstream cash flows, though they concentrate project execution and regulatory risk over the next few years.
EQT CorporationSecured a 10-year supply agreement with Competitive Power Ventures' Shay Energy Center, providing volume and pricing visibility.