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PITTSBURGH–(BUSINESS WIRE)–EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, announced today that it has priced an underwritten public offering of 5,650,000 common units representing limited partner interests. Total gross proceeds of the offering (before underwriters discounts and commissions and estimated offering expenses) will be approximately $406 million. EQT Midstream Partners, LP (EQM) has granted the underwriters a 30-day option to purchase up to an additional 847,500 common units.

EQM intends to use the net proceeds from the offering, including any net proceeds from the underwriters’ exercise of their option to purchase additional common units, if any, for general partnership purposes, including to fund a portion of EQM’s anticipated transmission and gathering expansion in 2016.

Citigroup and Barclays are acting as joint book-running managers for the offering. When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the Securities and Exchange Commission’s website at or from the underwriters of the offering as follows:

Citigroup Barclays
c/o Broadridge Financial Solutions c/o Broadridge Financial Solutions
1155 Long Island Avenue 1155 Long Island Avenue
Edgewood, NY 11717 Edgewood, NY 11717
Telephone: 1-888-831-9146 Telephone: 1-888-603-5847



This news release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

About EQT Midstream Partners:

EQT Midstream Partners, LP (NYSE: EQM) is a growth-oriented limited partnership formed by EQT Corporation to own, operate, acquire, and develop midstream assets in the Appalachian Basin. EQT Midstream Partners, LP provides midstream services to EQT Corporation and third-party companies through its strategically located transmission, storage, and gathering systems that service the Marcellus and Utica regions. EQT Midstream Partners, LP owns 700 miles and operates an additional 200 miles of FERC-regulated interstate pipelines; and also owns more than 1,600 miles of high- and low-pressure gathering lines.