--- title: "EQT (EQT) Accelerates Southgate Construction And Buys Blackline Midstream Propane Terminal" type: "News" locale: "en" url: "https://longbridge.com/en/news/293829512.md" description: "EQT is accelerating construction on the Mountain Valley Pipeline Southgate project following regulatory approval and increasing capital spending. Additionally, EQT has acquired Blackline Midstream's propane terminal to expand its midstream footprint. The company also secured a long-term gas supply agreement with a linked power facility. These moves aim to broaden EQT's infrastructure platform and secure new contracted volumes." datetime: "2026-07-25T21:20:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293829512.md) - [en](https://longbridge.com/en/news/293829512.md) - [zh-HK](https://longbridge.com/zh-HK/news/293829512.md) generator: "portal-rs" --- # EQT (EQT) Accelerates Southgate Construction And Buys Blackline Midstream Propane Terminal - EQT (NYSE:EQT) is moving ahead with construction on the Mountain Valley Pipeline Southgate project in 2024 after receiving final regulatory approvals. - The company is increasing capital spending on the project and setting a new operational target for the Southgate expansion. - EQT has entered into a long-term gas supply agreement with a power facility linked to the project. - The company is also expanding its midstream footprint through the acquisition of Blackline Midstream's propane terminal. EQT enters this phase of midstream expansion with its stock at $53.03 and a value score of 6. The share price is up 7.0% over the past week and 3.0% over the past 30 days, with a gain of 30.9% over 3 years and 208.7% over 5 years. For investors, the combination of this price context and recent corporate moves can make timing and position sizing important areas of focus. The accelerated Mountain Valley Pipeline Southgate schedule and the Blackline Midstream propane terminal acquisition give EQT a broader infrastructure platform and new contracted volumes. These steps may influence how you think about EQT's future cash flow mix, exposure across the midstream chain, and potential sensitivity to project execution. As more details emerge on costs, timelines, and throughput, it may become easier to evaluate how these projects fit into a long-term view of NYSE:EQT. Stay updated on the most important news stories for EQT by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on EQT. NYSE:EQT Earnings & Revenue Growth as at Jul 2026 We've flagged 0 risks for EQT. See which could impact your investment. ### Quick Assessment - **✅ Price vs Analyst Target**: EQT trades at US$53.03, around 21% below the US$67.12 analyst price target. - **✅ Simply Wall St Valuation**: The stock is flagged as undervalued, trading about 66.8% below one fair value estimate. - **✅ Recent Momentum**: A 3.0% 30 day gain suggests buyers have been willing to pay slightly higher prices recently. There's only one way to know the right time to buy, sell or hold EQT. Head to Simply Wall St's company report for the latest analysis of EQT's Fair Value. ### Key Considerations - 📊 The accelerated Southgate work and midstream asset acquisition give EQT more contracted infrastructure that can influence long term cash flow stability. - 📊 It may be useful to monitor project capital spending, in service dates, throughput commitments, and how these relate to EQT's P/E of 12.2 versus the Oil and Gas industry average of 14.3. - ⚠️ Execution and regulatory risk on pipeline construction, as well as commodity price swings, remain key factors even with zero flagged risks in the current dataset. ### Dig Deeper For the full picture including more risks and rewards, check out the complete EQT analysis. Alternatively, you can check out the community page for EQT to see how other investors believe this latest news will impact the company's narrative. *This article by Simply Wall St is general in nature. **We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.** It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.* ### Valuation is complex, but we're here to simplify it. Discover if EQT might be undervalued or overvalued with our detailed analysis, featuring **fair value estimates, potential risks, dividends, insider trades, and its financial condition.** Access Free Analysis ### Related Stocks - [EQT.US](https://longbridge.com/en/quote/EQT.US.md) ## Related News & Research - [EQT sells 10.5 million-sq-ft Southeast logistics portfolio to LBA Realty affiliate](https://longbridge.com/en/news/297181978.md) - [08:24 ETEQT Real Estate announces the sale of a 10.5 million square foot Southeast logistics portfolio to an affiliate of California based LBA Realty](https://longbridge.com/en/news/297185722.md) - [Rep. Thomas H. Kean, Jr. Acquires Shares of EQT Corporation (NYSE:EQT)](https://longbridge.com/en/news/296671719.md) - [Should EQT’s Mixed Q2 Versus Peers Require Action From EQT (EQT) Investors?](https://longbridge.com/en/news/296263438.md) - [EQT Mid-Market Opportunities takes majority stake in Melbourne Storm](https://longbridge.com/en/news/296293702.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**