|Bid||8.45 x 2900|
|Ask||8.49 x 1300|
|Day's range||8.43 - 8.78|
|52-week range||3.75 - 13.30|
|Beta (5Y monthly)||2.27|
|PE ratio (TTM)||N/A|
|Earnings date||03 Nov 2020|
|Forward dividend & yield||0.60 (6.89%)|
|Ex-dividend date||02 Nov 2020|
|1y target est||10.83|
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Equitrans' (ETRN) MVP Project faces legal issues as the pipeline does not qualify for Nationwide Permit 12 that has given MVP the ability to place pipes through waterways.
Equitrans Midstream Corporation (NYSE: ETRN) today announced that its wholly owned subsidiary, EQM Midstream Partners, LP (EQM), has priced an upsized offering of $800 million in aggregate principal amount of its 4.50% senior notes due 2029; and $1,100 million in aggregate principal amount of its 4.75% senior notes due 2031 (collectively, Notes). This represents an increase of $150 million in the combined aggregate principal amount of the Notes from the previously announced amount. EQM intends to use the net proceeds from the offering of the Notes to repay outstanding term loan borrowings, to purchase a portion of its outstanding indebtedness in the Tender Offers (as defined below), and for general partnership purposes. In the event the Tender Offers are not consummated, or the net proceeds from the offering are otherwise in excess of the amount needed to fund the Tender Offers, EQM intends to use any remaining proceeds to repay certain of its outstanding indebtedness, including borrowings under its $3 billion credit facility, or to prefund capital expenditures and/or capital contributions to Mountain Valley Pipeline, LLC. Subject to the satisfaction of customary closing conditions, the offering is expected to close on January 8, 2021.