EQM: EQT Midstream Partners, LP Market Currents - On the Move

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Friday, April 26, 3:57 PM Credit Suisse upgrades EQT Midstream Partners (EQM +4.7%) to Outperform after issuing Q1 results well ahead of the firm's expectations and increasing its FY 2013 guidance on EBITDA and distribution cash flow, and cuts Exterran Partners (EXLP) and DCP Midstream (DPM) on valuation (I, II). EQM is enjoying higher throughput on its assets as Marcellus shale activity remains robust. Comment! [Energy, Quick Ideas, On the Move]
Wednesday, March 13, 12:54 PM Credit Suisse grows more selective on MLPs, citing four whose valuations it thinks have grown excessive. El Paso Pipeline (EPB -1.9%) is cut to Neutral, as the firm sees decelerating distribution growth as drop-downs associated with the acquisition of El Paso Corp. by Kinder Morgan are absorbed. TLLP and EQM also are lowered, but CVR Refining (CVRR +1.9%) is raised to Outperform. Comment! [Energy, Quick Ideas, On the Move]
Monday, July 23, 2012, 2:28 PM Coverage of EQT Midstream (EQM +2.4%) is initiated with a Buy at BofA and ratings ranging from Outperform to Hold at four other firms (I, II, III, IV). A typical reaction comes from Deutsche Bank, which says "substantial drop-down opportunities" from parent EQT as well as EQM's organic value-enhancing projects support a double-digit distribution growth rate for several years. Comment! [Energy, On the Move, Quick Ideas]
Wednesday, June 27, 2012, 4:35 PM EQT Midstream (EQM) closed at $23.55 per common unit, +13% over its $21 IPO price. Analysts say EQM drew investor interest partly because its planned annual yield of 7% outpaces competitors such as Williams Partners (WPZ) and MarkWest Energy (MWE). EQT Corp. (EQT), the natural gas producer that formed the MLP, +4.1%. Comment! [Energy, On the Move]

EQM EQT Midstream Partners, LP

EQM

EQT Midstream Partners, LP