Why EQT Stock Is Losing Gas Today
The energy company is moving to bring a massive pipeline operation back in-house.
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The energy company is moving to bring a massive pipeline operation back in-house.
PITTSBURGH — EQT Corporation (NYSE: EQT) and Equitrans Midstream Corporation (NYSE: ETRN) announced Monday a landmark merger agreement poised to create a vertically integrated natural gas powerhouse in the United
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index turning higher on Monday. The Dow traded up 0.08% to 38,753.49 while the NASDAQ fell 0.20% to 16,052.34. The S&P 500 also fell, dropping, 0.14% to 5,116.66.
Stock indexes held roughly in place ahead of a report on inflation that could show how realistic Wall Street's hopes for easier interest rates are. The S&P 500 slipped 0.1%
The deal reunites Equitrans Midstream Corp. with EQT in an all-stock deal that pays a roughly 12% premium for the infrastructure company.