Equitrans Midstream Corporation Common Stock (ETRN)

OVERLAND PARK, KS / ACCESSWIRE / July 22, 2024 / Tortoise today announced that Equitrans Midstream Corp (NYSEETRN) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by EQT Corp NYSE:EQTNYSEEQT)

Equitrans Midstream Corporation (NYSEETRN) (Equitrans) today announced that it has issued a notice of full redemption (the Redemption) for all issued and outstanding shares of its Series A Perpetual Convertible Preferred Shares, no par value (CUSIP: 294600-200) (the Preferred Stock). As previously announced, on March 10, 2024, Equitrans, EQT Corporation (EQT) and the other parties thereto entered into an Agreement and Plan of Merger (the Merger Agreement). On June 25, 2024, EQT delivered to Equitrans a written election exercising its right under Section 5.19 of the Merger Agreement to cause Equitrans to effect the Redemption. Notwithstanding the foregoing, Equitrans has no obligation to purchase and redeem the Preferred Stock unless EQT has deposited with Equiniti Trust Company, LLC, Equitrans’ paying agent for the Preferred Stock (the Paying Agent), sufficient funds to effect the Redemption, and the deposit of such funds and any instructions and authority to pay such funds to holders of the Preferred Stock (Holders) in the Redemption has occurred at least one hour prior to the consummation of the proposed merger transaction between Equitrans and EQT (the Merger). In the event the Merger will not be consummated, the Redemption will not be effected. In addition, the Redemption will supersede elections made by Holders in connection with the Notice of Change of Control mailed to Holders on or about June 24, 2024, and such elections shall have no force or effect once the Redemption occurs. In lieu of their election, Holders will have their Preferred Stock redeemed in full. Such redemption is expected to occur on July 22, 2024 (or such later date as may be contemplated by virtue of the timing of the consummation of the Merger) (the Redemption Date).

Equitrans Midstream Corporation (NYSEETRN) (“Equitrans”) and EQT Corporation NYSE: EQTNYSEEQT)

NEW YORK, June 15, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

The Mountain Valley Pipeline (MVP) entered service today after satisfying all applicable legal and regulatory requirements, including all applicable in-service conditions of the U.S. Pipeline and Hazardous Materials Safety Administration’s Consent Agreement for the project, and receiving all remaining approvals from the Federal Energy Regulatory Commission. MVP is now available for interruptible or short-term firm transportation service until long-term firm capacity obligations commence on July 1, 2024.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Equitrans Midstream Corporation (NYSEETRN) to EQT Corporation NYSE: EQTNYSEEQT)

Equitrans Midstream Corporation (NYSEETRN), today, announced financial and operational results for the first quarter 2024. Included in the "Non-GAAP Disclosures" section of this news release are important disclosures regarding the use of non-GAAP supplemental financial measures, including information regarding their most comparable GAAP financial measure.

Equitrans Midstream Corporation (NYSEETRN), today, declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the first quarter 2024. The dividends will be paid on May 15, 2024, to all applicable ETRN shareholders of record at the close of business on May 7, 2024.

Equitrans Midstream Corporation (NYSEETRN) will release its first quarter 2024 earnings information on April 30, 2024. On March 11, 2024, ETRN announced that it has entered into a definitive agreement to be acquired by EQT Corporation NYSE: EQTNYSEEQT)

Shares of Equitrans Midstream Corporation (NYSEETRN) traded at a new 52-week high today and are currently trading at $12.95. So far today, approximately 1.19M shares have been exchanged, as compared to an average 30-day volume of 12M shares.

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Equitrans Midstream Corporation (NYSEETRN) to EQT Corporation NYSE: EQTNYSEEQT)

BALA CYNWYD, Pa., March 11, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

Shares of Equitrans Midstream Corporation (NYSEETRN) traded at a new 52-week high today and are currently trading at $11.32. So far today, approximately 4.87M shares have been exchanged, as compared to an average 30-day volume of 4.05M shares.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Equitrans Midstream Corporation (NYSEETRN) to EQT Corporation for 0.3504 shares of EQT common stock for each outstanding share of Equitrans common stock is fair to Equitrans shareholders. Upon completion of the proposed transaction, Equitrans’ shareholders are expected to own approximately 26% of the combined company.

Equitrans Midstream Corporation (NYSEETRN) (ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), has priced an offering of $600 million in aggregate principal amount of its 6.375% senior notes due 2029 (the Notes). The Notes will be issued at a price of par. EQM intends to use the net proceeds from the offering of the Notes to repay certain outstanding indebtedness, including borrowings under EQM’s Third Amended and Restated Credit Agreement, dated as of October 31, 2018, as amended, and for general partnership purposes. Subject to the satisfaction of customary closing conditions, the offering is expected to close on February 26, 2024.

Equitrans Midstream Corporation (NYSEETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), intends to offer, subject to market conditions, $600 million in aggregate principal amount of senior notes due 2029 (the Notes) in a private offering. EQM intends to use the net proceeds from the offering of the Notes to repay certain of its outstanding indebtedness, including borrowings under EQM’s Third Amended and Restated Credit Agreement, dated as of October 31, 2018, as amended, and for general partnership purposes.

Equitrans Midstream Corporation (NYSEETRN), today, announced financial and operational results for the full-year and fourth quarter 2023. Included in the "Non-GAAP Disclosures" section of this news release are important disclosures regarding the use of non-GAAP supplemental financial measures, including information regarding their most comparable GAAP financial measure.

Equitrans Midstream Corporation (NYSEETRN) will release its fourth quarter and full-year 2023 earnings information on Tuesday, February 20, 2024, and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.

Equitrans Midstream Corporation (NYSEETRN), today, declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the fourth quarter 2023. The dividends will be paid on February 14, 2024, to all applicable ETRN shareholders of record at the close of business on February 6, 2024.

Equitrans Midstream Corporation (NYSEETRN), today, announced financial and operational results for the third quarter 2023. Included in the "Non-GAAP Disclosures" section of this news release are important disclosures regarding the use of non-GAAP supplemental financial measures, including information regarding their most comparable GAAP financial measure.

Equitrans Midstream Corporation (NYSEETRN), today, declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the third quarter 2023. The dividends will be paid on November 14, 2023, to all applicable ETRN shareholders of record at the close of business on November 3, 2023.

Equitrans Midstream Corporation (NYSEETRN) will release its third quarter 2023 earnings information on Tuesday, October 31, 2023, and will also host a conference call with analysts and investors at 10:30 am (ET). A brief Q&A session for ETRN security analysts will immediately follow the results discussion.

On Tuesday, October 3, 2023, the Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a Consent Order incorporating the terms of a Consent Agreement entered into by PHMSA and Equitrans Midstream as the operator of the Mountain Valley Pipeline (MVP) project. The product of a successful informal consultation between PHMSA and Equitrans, the Consent Agreement resolves the Notice of Proposed Safety Order (NOPSO) that PHMSA issued to Equitrans on August 11, 2023, for the MVP project.

Equitrans Midstream Corporation (NYSEETRN), today, announced that Thomas F. Karam will step down from his role as chief executive officer of Equitrans Midstream (Equitrans or Company) to become the Company's executive chairman; and Diana M. Charletta, currently president and chief operating officer of Equitrans, will succeed Mr. Karam as Equitrans' newly appointed chief executive officer. The executive appointments are effective January 1, 2024, and both Mr. Karam and Ms. Charletta will continue to serve as members of the Equitrans Board of Directors following the leadership transition.

Equitrans Midstream Corporation (NYSEETRN), today, submitted information to the Pipeline and Hazardous Materials Safety Administration (PHMSA) regarding the root cause investigation and analysis related to the Rager Mountain Storage facility incident that occurred in November 2022. The comprehensive root cause analysis (RCA) was initiated promptly following resolution of the natural gas storage well venting incident and was conducted by an independent, third-party company with expertise in reservoir management and well and corrosion engineering. Additionally, the RCA activities were coordinated with PHMSA and the Pennsylvania Department of Environmental Protection (PADEP).