EQM Midstream Partners LP, founded in 2014 and headquartered in Pittsburgh, Pennsylvania, is a leading provider of integrated midstream services focused on natural gas and natural gas liquids. The company operates an extensive network of gathering pipelines, transportation pipelines, and processing facilities that connect natural gas producers to market destinations.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
EQM has actively issued bonds since its inception, starting with a $1 billion offering in 2017 to refinance existing debt and bolster its capital structure. The most recent issuance included $500 million of senior notes due in 2027, which offered a competitive yield of 5.5%, positioning it favorably against industry averages. Notably, EQM's bond features include a call option after five years, allowing for potential refinancing opportunities. In 2023, EQM announced a strategic shift towards sustainability, which has been positively received by bondholders, resulting in a narrowing of yield spreads relative to peers in the sector.