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Will EQT's debt fall below $10 billion by the end of 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
EQT Corporation's financial statements, SEC filings
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
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Decrease by more than 10% • 25%
Below $50 billion • 25%
$50 billion to $60 billion • 25%
$60 billion to $75 billion • 25%
Above $75 billion • 25%
Yes • 50%
No • 50%
Successfully Restructured • 25%
Partially Restructured • 25%
Restructuring Failed • 25%
Plan Abandoned • 25%
