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Equitrans Midstream Corp

ETRN: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$98.00GhxzhbvLhn

More Unexpected Delays for the Mountain Valley Pipeline

Business Strategy and Outlook

After a multiyear battle with the courts and concerned stakeholders that had effectively blocked the Mountain Valley Pipeline, the Biden administration finally stepped in to save it. With legislation declaring the pipeline in the national interest and ordering the relevant agencies to issue the required permits by late June 2023, Equitrans now expects the pipeline to be in service in the first quarter of 2024. Equitrans expects to own 48.8% of the pipeline via a subsidiary as part of a joint venture and will be the operator once it is in service.

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