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Benzinga
Benzinga
Business
Lekha Gupta

EQT Secures $3.5 Billion Boost: Blackstone JV To Power Midstream Expansion

EQT Corporation (NYSE:EQT) shares are trading higher after the company announced it entered into a definitive deal with funds managed by Blackstone Credit & Insurance (BXCI) to form a new midstream joint venture.

As per the deal, BXCI will provide EQT $3.5 billion of cash consideration in exchange for a non-controlling equity interest in the joint venture.

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