Blackstone Credit & Insurance and EQT Upsize PipeBox Midstream Joint Venture Stake in Mountain Valley Pipeline Series A

Blackstone Inc. -1.77% Pre
EQT Corporation -1.33% Pre

Blackstone Inc.

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115.15

-1.77%

+0.28% Pre

EQT Corporation

EQT

58.68

59.66

-1.33%

+1.67% Pre

Blackstone Credit & Insurance, an affiliate of Blackstone Inc., and EQT Corporation are expanding their midstream joint venture, PipeBox LLC, by exercising an option to buy part of Consolidated Edison’s stake in Mountain Valley Pipeline’s Series A. The $201 million deal would raise PipeBox’s ownership in the asset from 49% to 53% and is expected to close in the first half of 2026, subject to regulatory approval and other conditions.

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