According to an economic benefit report released today, the Mountain Valley Pipeline project (MVP) is projected to generate 4,300 jobs, $396 million in construction spending and $35 million in tax revenue in Virginia between 2015 and 2018.
The stock's current price is unlikely to recognize this valuation. Structural complexity may stand in the way. EQT may soon announce a major strategic initiative aimed at highlighting the value of its GP interest in EQM.
Faced with a natural gas glut that continues to stifle prices in Appalachia, EQT Corp. plans to cut costs but maintain production by drilling fewer wells and extending their horizontal reach into the Marcellus shale.