When EQM began construction in February 2018, it estimated the 303-mile, 2B cf/day pipeline would cost ~$3.5B and be completed by the end of 2018.
EQM says it is working through the project’s remaining challenges, which include securing a Nationwide 12 Permit from the U.S. Army Corps of Engineers for stream and waterbody crossings.
But Height Capital analysts say they do not expect Mountain Valley to receive a new Nationwide Permit 12 until Q4 2019, which likely would delay the project’s completion until mid-2020.
Earlier: EQT Midstream Partners beats by $0.44, misses on revenue (Apr. 30)
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