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Will Blackstone announce another major energy acquisition by June 30, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Press releases from Blackstone, major financial news outlets
Story
Blackstone Buys EQT Pipeline Stakes for $3.5 Billion in Cash
Nov 25, 2024, 12:53 PM
Blackstone has entered into a $3.5 billion financing agreement with EQT Corporation to form a midstream joint venture. The deal involves Blackstone acquiring minority stakes in EQT's Mountain Valley and Hammerhead pipelines, as well as other storage assets, for $3.5 billion in cash. The joint venture is valued at $8.8 billion, with EQT retaining majority ownership and rights to key growth projects. Blackstone will leverage its $1.1 trillion credit and insurance arm to finance the transaction, which will help EQT reduce its $13.6 billion debt. The partnership underscores Blackstone's strategic focus on energy infrastructure and EQT's efforts to optimize its balance sheet.
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Similar markets
Yes • 50%
No • 50%
Retail Opportunity Investments Corp. • 25%
Another US-based retail company • 25%
A non-US-based retail company • 25%
No major acquisition • 25%
Yes • 50%
No • 50%
Another property in Japan • 25%
Property in China • 25%
Property in South Korea • 25%
Property in another Asian country • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Another pipeline company • 25%
A renewable energy company • 25%
A utility company • 25%
No further acquisitions • 25%