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Last $77.25 USD
Change Today -0.26 / -0.34%
Volume 233.8K
EQM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

eqt midstream partners lp (EQM) Snapshot

Open
$78.22
Previous Close
$77.51
Day High
$79.18
Day Low
$77.18
52 Week High
09/2/14 - $98.68
52 Week Low
07/22/15 - $70.29
Market Cap
5.6B
Average Volume 10 Days
313.5K
EPS TTM
$4.48
Shares Outstanding
70.7M
EX-Date
07/31/15
P/E TM
17.3x
Dividend
$2.56
Dividend Yield
3.08%
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 Results for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year 2015

EQT Midstream Partners, LP reported unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported operating revenues of $144,613,000 compared to $109,327,000 a year ago. Operating income was $101,396,000 compared to $72,400,000 a year ago. Income before income taxes was $91,319,000 compared to $66,330,000 a year ago. Net income was $91,319,000 or $1.12 per basic and diluted share compared to $58,968,000 or $0.81 per basic and diluted share a year ago. Total capital expenditures were $127,049,000 compared to $81,486,000 a year ago. Adjusted EBITDA was $110,466,000. Distributable cash flow was $102,846,000. Net cash provided by operating activities was $124,443,000. Ongoing maintenance capital expenditures, net of expected reimbursements, totaled $1.9 million in the second quarter 2015. The company forecasts third quarter 2015 adjusted EBITDA of $112 to $117 million. The company forecasts full-year 2015 adjusted EBITDA of $435 to $445 million. The company is also increasing its full-year distributable cash flow forecast to $390 to $400 million. The company forecasts full-year 2015 ongoing maintenance capital expenditures of approximately $20 to $25 million.

EQT Midstream Seeks Acquisitions

EQT Midstream Partners, LP (NYSE:EQM) filed a shelf registration in the amount of $750 million and will use the net proceeds for paying or refinancing all or a portion of our indebtedness outstanding and funding working capital, capital expenditures or acquisitions.

EQT Midstream Partners, LP Announces Second Quarter Cash Distribution Payable on August 14, 2015

EQT Midstream Partners, LP announced a quarterly cash distribution of $0.64 per unit for the second quarter of 2015. The distribution will be paid on August 14, 2015 to all EQM unit holders of record at the close of business on August 4, 2015. The quarterly cash distribution is $0.12 per unit, or 23%, higher than the second quarter of 2014.

 

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Industry Analysis

EQM

Industry Average

Valuation EQM Industry Range
Price/Earnings 19.4x
Price/Sales 11.5x
Price/Book 5.3x
Price/Cash Flow 17.8x
TEV/Sales 9.8x
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