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About Us

About Us


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 substantially all of its natural gas transmission, storage and gathering services under contracts with long-term, firm reservation and/or usage fees. This contract structure enhances the stability of the Partnership’s cash flows and limits its direct exposure to commodity price risk.

 

The Partnership’s operations are primarily focused in southwestern Pennsylvania, northern West Virginia, and southeastern Ohio, a strategic location in the core of the rapidly developing natural gas Marcellus and Utica shale plays. This same region is also the core operating area of EQT, the Partnership’s largest customer that accounted for approximately 73% of the Partnership’s revenues generated for the year ended December 31, 2015.

 

The Partnership provides midstream services to EQT and multiple third parties across 24 counties in Pennsylvania, West Virginia, and Ohio through its two primary assets: the transmission and storage system, which serves as a header system transmission pipeline, and the gathering system, which delivers natural gas from wells and other receipt points to transmission pipelines. The Partnership believes that its strategically located assets, combined with its working relationship with EQT, position it as a leading Appalachian Basin midstream energy company.

 

The principal business objective for EQT Midstream Partners is to increase the quarterly cash distributions that we pay to our unitholders over time, while ensuring the ongoing stability of our business. We intend to achieve this objective by growing our assets through pursuing accretive acquisitions from EQT Corporation; capitalizing on economically attractive organic growth opportunities; attracting additional third-party volumes to our system; focusing on stable, fixed-fee business; and increasing access to additional existing and new delivery markets.


EQT GP Holdings, LP

 is a limited partnership formed in 2015 to own partnership interests in EQT Midstream Partners, LP, a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire and develop midstream assets in the Appalachian Basin. EQT is a large, investment grade natural gas producer with approximately 630,000 gross acres within the Marcellus Shale, as of December 31, 2015. EQT is the ultimate parent company of EQT GP Holdings (EQGP) and EQT Midstream Partners (EQM). EQGP’s only cash-generating assets are its partnership interests in EQM, comprised of a 27.6% limited partner interest, a 1.8% general partner interest, and all incentive distribution rights in EQM. Upon completion of EQGP’s initial public offering, EQT owns a 90.1% limited partnership interest in EQGP and 100% of EQGP’s non-economic general partner interest.