Strategic Bolt-on Acquisition EQM to acquire 60% of Eureka Midstream and 100% of Hornet Midstream March 14, 2019
Strategic Bolt-on Acquisition Value-enhancing assets integrate with EQMs core Marcellus and Utica footprint Expanding supply hub creates significant commercial opportunities Increased scale reduces unit operating costs Accelerates…
Transaction Overview Acquisition funding is secured Acquisition Summary Financing Summary EQM to acquire from a fund managed by Morgan Stanley Agreement in place for EQM to issue 1.1 B of Convertible Infrastructure Partners: Preferred…
Asset Overview Building scale in the Appalachian Basin Eureka Midstream 190-mile header system in core dry Utica / wet Marcellus Gathering mix: 67% dry and 33% wet Average gathered volume of 1.6 Bcf/d* MVCs at 0.65 Bcf/d; growing…
Commercial Opportunities Strategically located assets enhance EQM system optionality Increased system liquidity around Extends reach into wet Marcellus Clarington Hub and Mobley Hub Gathers production for core wet Pro-forma EQM…
Water Services Business Footprint builds upon EQMs growing water services business Opportunity to expand EQMs fresh water services to new producer customer base Producers currently sourcing water primarily via trucking Water delivery…
Transaction Guidance Financial Summary Growth & Leverage Targets Affirmed Approximately 100 MM of expected EQM Acquisition supports current growth and EBITDA during the first 12 months* financial targets Forecast greater than 20%…
Recent Strategic Focus Continued progress towards building a top-tier midstream company E-Train Initiatives Simplified midstream IDR structure Project execution MVP, Hammerhead, and MVP Southgate Solidify MVP expansion and…
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