EQT Midstream Inks $540M Deal For Sunrise Pipeline Assets

Law360, Los Angeles (July 15, 2013, 10:48 PM EDT) -- EQT Midstream Partners LP will buy EQT Corp. subsidiary Sunrise Pipeline LLC — which has 40 miles of pipeline and other assets in Pennsylvania and West Virginia — for $507.5 million in cash and $32.5 million in common and general partner units, the companies said Monday.

Under the terms of the deal, the partnership will also give $110 million to EQT Corp. once a new compressor station expansion becomes effective.

Sunrise's biggest asset is 41.5 miles of pipeline that parallels and interconnects with the portion of...
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