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Last $84.96 USD
Change Today -0.11 / -0.13%
Volume 167.1K
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

eqt midstream partners lp (EQM) Snapshot

Open
$84.71
Previous Close
$85.07
Day High
$85.58
Day Low
$84.19
52 Week High
06/20/14 - $102.51
52 Week Low
10/15/14 - $72.56
Market Cap
6.1B
Average Volume 10 Days
209.7K
EPS TTM
$4.17
Shares Outstanding
70.7M
EX-Date
05/1/15
P/E TM
20.4x
Dividend
$2.44
Dividend Yield
2.66%
Current Stock Chart for EQT MIDSTREAM PARTNERS LP (EQM)

eqt midstream partners lp (EQM) Related Businessweek News

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eqt midstream partners lp (EQM) Details

EQT Midstream Partners, LP provides natural gas transmission, storage, and gathering services in southwestern Pennsylvania and northern West Virginia. It owns, operates, acquires, and develops midstream assets in the Appalachian Basin. As of February 12, 2015, the company owned 700 miles and operated an additional 200 miles of interstate pipelines; and owned approximately 1,500 miles of high- and low-pressure gathering lines. It serves local distribution companies, marketers, producers, and commercial and industrial users, as well as natural gas producers. EQT Midstream Services, LLC serves as the general partner of the company. QT Midstream Partners, LP is headquartered in Pittsburgh, Pennsylvania.

eqt midstream partners lp (EQM) Top Compensated Officers

Chairman of EQT Midstream Services LLC, Chief...
Total Annual Compensation: $850.0K
Chief Financial Officer of EQT Midstream Serv...
Total Annual Compensation: $404.8K
Chief Operating Officer of EQT Midstream Serv...
Total Annual Compensation: $448.5K
Chief Accounting Officer of EQT Midstream Ser...
Total Annual Compensation: $285.0K
Compensation as of Fiscal Year 2014.

eqt midstream partners lp (EQM) Key Developments

EQT Midstream Partners, LP Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

EQT Midstream Partners, LP reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, operating revenues were $154,811,000 against $107,908,000 for the same period of last year. Operating income was $112,752,000 against $72,617,000 for the same period of last year. Income before income taxes was $102,009,000 against $67,231,000 for the same period of last year. Net income was $95,306,000 against $54,998,000 for the same period of last year. Limited partner interest in net income was $74,471,000 against $33,132,000 for the same period of last year. Net income per diluted limited partner unit was $1.18 against $0.69 for the same period of last year. Total maintenance capital expenditures were $2,237,000 against $2,144,000 for the same period of last year. Total capital expenditures were $57,731,000 against $48,450,000 for the same period of last year. Net cash provided by operating activities was $114,659,000. Adjusted EBITDA was $96,560,000. Distributable cash flow was $89,981,000. Adjusted operating revenues increased $44.6 million, or 45%, compared to the same quarter last year. The increase was primarily due to increased contracted firm transmission capacity and increased gathered volumes. Adjusted results (excludes AVC) total operating Revenue was $143,559,000 compared to $98,915,000 a year ago. Adjusted results (excludes AVC) operating income was $105,498,000 compared to $66,938,000 a year ago. Adjusted results (excludes AVC) income before taxes was $100,680,000 compared to $66,496,000 a year ago. For the quarter, the company total transmission pipeline throughput (excluding AVC) was 1,959 BBtu per day compared to 1,341 BBtu per day a year ago. Total gathered volumes was 1,487 BBtu per day compared to 954 BBtu per day a year ago. For second quarter 2015, the Partnership forecasts second quarter 2015 adjusted EBITDA of $108 - $113 million. For 2015, the Partnership forecasts adjusted EBITDA is increasing its full-year 2015 adjusted EBITDA forecast to $430 - $445 million; and distributable cash flow forecast to $375 - $390 million. The increase in the 2015 forecast is primarily related to first quarter results above plan and the impact of NWV Gathering. The financial and distribution guidance does not include financial impacts of potential acquisitions. The Partnership forecasts 2015 total expansion capital expenditures and capital contributions to Mountain Valley Pipeline, LLC of approximately $475 - $505 million. The Partnership forecasts full-year 2015 ongoing maintenance capital expenditures of $25 - $30 million.

EQT Midstream Partners, LP Declares Quarterly Cash Distribution, Payable on May 15, 2015

EQT Midstream Partners, LP announced the declaration of a quarterly cash distribution of $0.61 per unit for the first quarter of 2015. The distribution represents a 5% increase over the distribution for the fourth quarter of 2014; and a 24% increase over the distribution for the first quarter of 2014. The distribution will be paid on May 15, 2015 to all unitholders of record at the close of business on May 5, 2015.

EQT Midstream Partners, LP Presents at NAPTP 2015 MLP Investor Conference, May-21-2015 11:15 AM

EQT Midstream Partners, LP Presents at NAPTP 2015 MLP Investor Conference, May-21-2015 11:15 AM. Venue: Hyatt Regency, Orlando, Florida, United States. Speakers: Randall L. Crawford, Chief Operating Officer of EQT Midstream Services LLC, Executive Vice President of EQT Midstream Services LLC and Director of EQT Midstream Services LLC.

 

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Industry Analysis

EQM

Industry Average

Valuation EQM Industry Range
Price/Earnings 23.3x
Price/Sales 12.2x
Price/Book 6.1x
Price/Cash Flow 22.1x
TEV/Sales 11.6x
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