Equitrans Midstream Corp (ETRN)
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Tortoise Announces Constituent Changes Due to Corporate Action
OVERLAND PARK, KS / ACCESSWIRE / July 22, 2024 / Tortoise today announced that Equitrans Midstream Corp (NYSE:ETRN) will be removed from the Tortoise North American Pipeline IndexSM (TNAP) and the Tortoise Decarbonization Infrastructure IndexSM (DCRBN) as a result of the approved acquisition by EQT Corp (NYSE:EQT). As a result of the acquisition, ETRN will be removed from both indices at market open on Monday, July 22, 2024.
FERC OK's Mountain Valley Pipeline: A Brief on the Project
Once in service, Equitrans Midstream (ETRN), the primary interest owner, will operate the Mountain Valley Pipeline.
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Equitrans Midstream Corp Profile
| - Industry | - Sector | Mr. Thomas F. Karam CEO | NYSE Exchange | 294600101 CUSIP |
| US Country | 773 Employees | - Last Dividend | - Last Split | 31 Oct 2018 IPO Date |
Overview
Equitrans Midstream Corporation, established in 2018, is a key player in the energy sector focused on the Appalachian Basin. With its headquarters in Canonsburg, Pennsylvania, the company specializes in owning, operating, acquiring, and developing midstream assets. These ventures allow Equitrans Midstream to play a vital role in the gathering, transmission, and distribution of energy resources. The company's strategic location and operational capabilities make it a crucial conduit between energy producers in the Appalachian Basin and the broader market, facilitating the efficient and reliable delivery of energy resources.
Products and Services
Equitrans Midstream Corporation provides a wide array of services within its operational spectrum, catering to different aspects of energy resource management:
- Gathering Systems: The company operates sophisticated dry gas gathering systems composed of high-pressure gathering lines. These systems are crucial for collecting natural gas from production sites and preparing it for processing or transportation, ensuring efficient and safe delivery to downstream markets.
- Transmission and Storage: With its FERC-regulated interstate pipelines and storage systems, Equitrans offers key infrastructure for the long-distance transportation and storage of natural gas. This segment of their services is essential for maintaining energy supply stability and catering to the fluctuating demands of the market.
- Water Management: Beyond gas, Equitrans extends its services to water management, operating pipelines and facilities that supply fresh water. These resources are sourced from local municipal water authorities, as well as natural water bodies like the Monongahela River, the Ohio River, local reservoirs, and several regional waterways. The provision of fresh water is critical for various operational processes within the energy production ecosystem, including hydraulic fracturing and drilling operations.
