M&A Deal Summary

EQT Acquires Equitrans Midstream

On March 11, 2024, EQT acquired oil/gas exploration company Equitrans Midstream for 35.0B USD

Acquisition Highlights
  • This is EQT’s 4th transaction in the Oil/Gas Exploration sector.
  • This is EQT’s largest (disclosed) transaction.
  • This is EQT’s 10th transaction in the United States.
  • This is EQT’s 7th transaction in Pennsylvania.

M&A Deal Summary
Date 2024-03-11
Target Equitrans Midstream
Sector Oil/Gas Exploration
Buyer(s) EQT
Deal Type Going Private
Deal Value 35.0B USD
Advisor(s) Barclays Investment Bank
Citigroup Investment Banking (Financial)
Latham & Watkins (Legal)

Target

Equitrans Midstream

Canonsburg, Pennsylvania, United States
website
Equitrans Midstream is a natural gas midstream operator in the Marcellus & Utica shale. Equitrans Midstream was founded in 2018 and is based in Canonsburg, Pennsylvania.

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Buyer(S) 1

Buyer

EQT

Pittsburgh, Pennsylvania, United States

website

Category Company
Founded 1878
Sector Oil/Gas Exploration
Employees744
Revenue 12.1B USD (2022)
DESCRIPTION
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.
Entrance to EQT's corporate headquarters in downtown Pittsburgh, Pennsylvania.

EQT is an integrated energy company, with emphasis on Appalachian area natural gas supply, transmission and distribution. EQT was incorporated in 1878 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 10 of 10
Sector (Oil/Gas Exploration) 4 of 4
Type (Going Private) 1 of 1
State (Pennsylvania) 7 of 7
Country (United States) 10 of 10
Year (2024) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Chevron - Appalachia Assets

Coraopolis, Pennsylvania, United States

Chevron Corp. - Appalachia Assets comprise upstream and midstream assets serving the oil and gas industry from its Appalachian Basin location.

Buy $735M
Mergr

Product

Company

Legal