EQM: EQT Midstream Partners, LP Twitter on Stock

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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]
Thursday, April 25, 11:34 AM EQT Midstream (EQM): Q1 EPS of $0.63 beats by $0.16. Revenue of $44.4M beats by $3.9M. (PR) Comment! [Earnings, Breaking News]
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]
Friday, January 25, 3:28 PM EQT Midstream Partners (EQM +0.7%) is upgraded to Outperform from Neutral at Credit Suisse after the MLP reported strong Q4 results driven by increased transmission throughput associated with strong Marcellus shale development. Barclays lifts its price target on EQM to $36 from $33, expecting 15% annual distribution growth for the foreseeable future. Comment! [Energy, Quick Ideas]
Thursday, January 24, 2:58 PM Barclays urges investors to look into master limited partnerships, calling the MLP selloff late last year “not sustainable" and offering eight favorites: TRGP, WMB, OKE, KMI, PAA, EQM, WES, ACMP. On Targa Resources, the firm forecasts a 36% growth in distributions this year, among the highest in the space, driven by $1.9B of organic projects under execution. (also: Barclays' top utilities) 8 Comments [Energy, Quick Ideas]
Thursday, January 24, 9:23 AM EQT Midstream Partners (EQM): Q4 EPS of $0.57 beats by $0.17. Revenue of $41.8M beats by $3.4M. (PR) Comment! [Earnings, Breaking News]
Tuesday, December 4, 2012, 3:58 PM Master limited partnerships are poised for ~16% overall returns in 2013 after a year of lackluster performance capped by November’s tax-driven selloff, Wells Fargo predicts, as crude oil fundamentals remain strong and nat gas fundamentals should rebound modestly in 2013. Fargo's favorites: GEL, PAA, EPD, MWE, NGLS, EQM, TLLP, SUSP, TRGP, WMB, OKE. 2 Comments [Energy, Quick Ideas]
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]
Tuesday, June 26, 2012, 5:47 PM EQT Midstream Partners (EQM) is the first IPO to price its deal since the Facebook fiasco, raising $262M in the deal selling 12.5M common units at $21/share. The deal will sell ~35.3% of the limited partner interest in the company while parent EQT Corp. (EQT) will hold the remaining amount. Comment! [Energy]

EQM EQT Midstream Partners, LP

EQM

EQT Midstream Partners, LP