EQT Midstream Partners Announces Pricing of Public Offering of Common Units

  EQT Midstream Partners Announces Pricing of Public Offering of Common Units

Business Wire

PITTSBURGH -- May 1, 2014

EQT Midstream Partners, LP (NYSE: EQM), an EQT Corporation company, announced
today the pricing of 10,750,000 common units representing limited partner
interests at $75.75 per common unit. EQT Midstream Partners, LP (Partnership)
has granted the underwriters a 30-day option to purchase up to an additional
1,612,500 common units.

The Partnership intends to use the net proceeds from the offering to fund a
portion of the purchase price of the acquisition of the Jupiter natural gas
gathering system from EQT Corporation.

The Partnership intends to use the net proceeds from the underwriters’
exercise of their option to purchase additional common units, if any,
including any proportionate capital contribution from the Partnership’s
general partner to maintain its 2% general partner interest in the
Partnership, for general partnership purposes.

Barclays, BofA Merrill Lynch, Citigroup, Wells Fargo Securities, Credit
Suisse,Deutsche Bank Securities, Goldman, Sachs & Co., J.P. Morgan andRBC
Capital Markets are acting as joint book-running managers for the offering.
BNP Paribas, Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities,
Oppenheimer & Co., Piper Jaffray, PNC Capital Markets, Scotiabank / Howard
Weil, SunTrust Robinson Humphrey, and U.S. Capital Advisors are acting as
co-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 www.sec.gov or from the underwriters of the
offering as follows:

Barclays                                 BofA Merrill Lynch
c/o Broadridge Financial Solutions         Attn: Prospectus Department
1155 Long Island Avenue                    222 Broadway
Edgewood, NY 11717                         New York, NY 10038
barclaysprospectus@broadridge.com          Dg.prospectus_requests@baml.com
Telephone: 1-888-603-5847
                                           
Citigroup                                  Wells Fargo Securities
c/o Broadridge Financial Solutions         Attn: Equity Syndicate Dept.
1155 Long Island Avenue                    375 Park Avenue
Edgewood, NY 11717                         New York, NY 10152
Telephone: 1-888-831-9146                  cmclientsupport@wellsfargo.com
                                           Telephone: 1-800-326-5897
                                           
Credit Suisse                              Deutsche Bank Securities
Attn: Prospectus Department                Attn: Prospectus Group
One Madison Avenue                         60 Wall Street
New York, NY 10010                         New York, NY 1005-2836
Atnewyork.prospectus@credit-suisse.com     Prospectus.CPDG@db.com
Telephone: 1-800-221-1037                  Telephone: 800-503-4611
                                           
Goldman, Sachs & Co.                       J.P. Morgan
Attn: Prospectus Department                c/o Broadridge Financial Solutions
200 West Street                            1155 Long Island Avenue
New York, NY 10282                         Edgewood, NY 11717
Telephone: 866-471-2526                    Telephone: 1-888-803-9204
                                           
RBC Capital Markets
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8(th) Floor
New York, NY 10281
Telephone: 877-822-4089
                                           

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 is a growth-oriented limited partnership formed by
EQT Corporation to own, operate, acquire, and develop midstream assets in the
Appalachian basin. The Partnership provides midstream services to EQT
Corporation and third-party companies through its strategically located
transmission and storage system and gathering system. The Partnership owns 700
miles and operates an additional 200 miles of FERC-regulated interstate
pipelines, and also owns more than 1,600 miles of FERC-regulated, low-pressure
gathering lines.

Cautionary Statements

Disclosures in this news release contain certain forward-looking statements.
Statements that do not relate strictly to historical or current facts are
forward-looking. Without limiting the generality of the foregoing,
forward-looking statements contained in this news release specifically include
the expectations of plans, strategies, objectives and growth of the
Partnership and its subsidiaries, including guidance regarding the number of
units to be sold in the offering and the Partnership’s expected use of
proceeds from the offering. These statements involve risks and uncertainties
that could cause actual results to differ materially from projected results.
Accordingly, investors should not place undue reliance on forward-looking
statements as a prediction of actual results. The Partnership has based these
forward-looking statements on current expectations and assumptions about
future events. While the Partnership considers these expectations and
assumptions to be reasonable, they are inherently subject to significant
business, economic, competitive, regulatory and other risks and uncertainties,
most of which are difficult to predict and many of which are beyond the
Partnership’s control. The risks and uncertainties that may affect the
operations, performance and results of the Partnership’s business and
forward-looking statements include, but are not limited to, those risks
discussed in the Partnership’s most recent Annual Report on Form 10-K,
Quarterly Report on Form 10-Q and other filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as of the date
on which such statement is made and the Partnership does not intend to correct
or update any forward-looking statement, whether as a result of new
information, future events or otherwise.

Contact:

EQT Midstream Partners, LP
Analyst inquiries please contact:
Nate Tetlow – Investor Relations Manager, 412-553-5834
ntetlow@eqtmidstreampartners.com
or
Patrick Kane – Chief Investor Relations Officer, 412-553-7833
pkane@eqtmidstreampartners.com
or
Media inquiries please contact:
Natalie Cox – Corporate Director, Communications, 412-395-3941
ncox@eqtmidstreampartners.com
 
Press spacebar to pause and continue. Press esc to stop.