Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Equitrans, Eqt Hope Split Boosts Value of Each Move Could Help to Attract New Investors

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Equitrans, Eqt Hope Split Boosts Value of Each Move Could Help to Attract New Investors

Article excerpt

EQT Corp. and Equitrans Midstream Corp. are officially trading as two separate companies, the former focused on oil and gas drilling and the latter on pipelines and compression.

In conjunction with the split, EQT's former chief financial officer Rob McNally has taken over as the company's president and CEO.

Thomas Karam is president and CEO of the midstream company, whose symbol on the New York Stock Exchange is ETRN.

The separation was pushed by certain shareholders and sold as a way to boost the value of each business, reasoning that EQT and Equitrans would attract different types of investors and that their unique attributes were being diluted in the common pot.

EQT stockholders retain their shares in the exploration and production firm and get 0. …

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