11 May 2024
EQT to sell natural gas distribution business for $720 million
Publication date: 21 December 2012
Gas Strategies Group
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US energy company EQT Corporation has agreed to sell its natural gas distribution business, Equitable Gas Company, to privately-held Peoples Natural Gas for $720 million in cash. EQT said it will also receive a selection of midstream assets in the Marcellus shale region which are expected to generate about $40 million/year as part of the agreement.