Equitrans Midstream (NYSE: ETRN) and its MLP EQM Midstream Partners (NYSE: EQM) both tumbled more than 10% by 2 p.m. EST on Thursday. Fueling the sell-off in these two high-yielding midstream companies was the announcement of a series of strategic actions to simplify their structure and strengthen their financial profile.
Equitrans Midstream and EQM Midstream announced several transformative steps to improve their financial foundation. These included:
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Source: Motley Fool
(February 27, 2020 - 2:59 PM EST)
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