EQGP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio. As of December 31, 2017, it owned and operated 300 miles of high pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering lines. EQGP Services, LLC serves as a general partner of the company. The company was formerly known as EQT GP Holdings, LP and changed its name to EQGP Holdings, LP in October 2018. The company was founded in 2015 and is headquartered in Pittsburgh, Pennsylvania. EQGP Holdings, LP operates as a subsidiary of Equitrans Midstream Corporation.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Natural gas transmission
Sub-IndustryN/A
SectorOils/Energy
Current SymbolNYSE:EQGP
Previous Symbol
CUSIPN/A
Phone412-553-5700
Debt
Debt-to-Equity Ratio0.69
Current Ratio0.34
Quick Ratio0.34
Price-To-Earnings
Trailing P/E Ratio20.38
Forward P/E Ratio15.98
P/E GrowthN/A
Sales & Book Value
Annual Sales$834.10 million
Price / Sales7.24
Cash Flow$1.3502 per share
Price / Cash Flow14.79
Book Value$8.07 per share
Price / Book2.47
Profitability
EPS (Most Recent Fiscal Year)$0.98
Net Income$261.99 million
Net Margins30.96%
Return on Equity10.93%
Return on Assets5.82%
Miscellaneous
EmployeesN/A
Outstanding Shares302,460,000
Market Cap$6.04 billion
OptionableOptionable
EQGP (NYSE:EQGP) Frequently Asked Questions
What is EQGP's stock symbol?
EQGP trades on the New York Stock Exchange (NYSE) under the ticker symbol "EQGP."
How often does EQGP pay dividends? What is the dividend yield for EQGP?
EQGP declared a quarterly dividend on Tuesday, October 23rd. Stockholders of record on Friday, November 2nd will be given a dividend of $0.315 per share on Friday, November 23rd. This represents a $1.26 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date is Thursday, November 1st. This is an increase from EQGP's previous quarterly dividend of $0.31. View EQGP's Dividend History.
How were EQGP's earnings last quarter?
EQGP Holdings LP (NYSE:EQGP) issued its earnings results on Thursday, October, 25th. The oil and gas company reported $0.31 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.34 by $0.03. The oil and gas company had revenue of $364.58 million for the quarter, compared to the consensus estimate of $361.93 million. EQGP had a net margin of 30.96% and a return on equity of 10.93%. View EQGP's Earnings History.
When is EQGP's next earnings date?
What price target have analysts set for EQGP?
13 brokers have issued 1-year price objectives for EQGP's stock. Their predictions range from $19.00 to $32.00. On average, they expect EQGP's share price to reach $24.2727 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price. View Analyst Price Targets for EQGP.
What is the consensus analysts' recommendation for EQGP?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EQGP in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for EQGP.
Has EQGP been receiving favorable news coverage?
News stories about EQGP stock have trended somewhat positive on Sunday, according to InfoTrie. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. EQGP earned a media sentiment score of 1.0 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are some of EQGP's key competitors?
Some companies that are related to EQGP include Spectra Energy Partners (SEP), ENERGY TRANSFER/UT LTD PARTN INT (ET), Targa Resources (TRGP), Western Gas Partners (WES), Western Gas Equity Partners (WGP), Enable Midstream Partners (ENBL), Tallgrass Energy (TGE), EQM Midstream Partners (EQM), Antero Midstream Partners (AM), DCP Midstream (DCP), EnLink Midstream Partners (ENLK), Antero Midstream GP (AMGP), Transportadora de Gas del Sur (TGS), Dominion Energy Midstream Partners (DM) and TC Pipelines (TCP).
Who are EQGP's key executives?
EQGP's management team includes the folowing people:
- Mr. Thomas F. Karam, Pres, CEO & Director (Age 59)
- Mr. Kirk R. Oliver, Sr. VP, CFO & Director of EQGP Services, LLC (Age 60)
- Ms. Diana M. Charletta, Exec. VP, COO & Director of EQGP Services, LLC (Age 46)
- Mr. Phillip D. Swisher, VP & Chief Accounting Officer of EQGP Services, LLC (Age 45)
- Ms. Natalie A. Cox, Corp. Director of Communications - EQT GP Services LLC
When did EQGP IPO?
(EQGP) raised $450 million in an IPO on Tuesday, May 12th 2015. The company issued 20,000,000 shares at a price of $21.00-$24.00 per share. Barclays, Goldman Sachs, BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities served as the underwriters for the IPO and MUFG, BNP PARIBAS, PNC Capital Markets, Scotia Howard Weil, SunTrust Robinson Humphrey, Ladenburg Thalmann, Oppenheimer and U.S. Capital Advisors were co-managers.
Who are EQGP's major shareholders?
EQGP's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Neuberger Berman Group LLC (2.57%), Chickasaw Capital Management LLC (1.07%), Kayne Anderson Capital Advisors LP (0.47%), Zimmer Partners LP (0.34%), Advisory Research Inc. (0.22%) and Tortoise Capital Advisors L.L.C. (0.18%). View Institutional Ownership Trends for EQGP.
Which major investors are selling EQGP stock?
EQGP stock was sold by a variety of institutional investors in the last quarter, including Tortoise Capital Advisors L.L.C., JPMorgan Chase & Co., JPMorgan Chase & Co., Chickasaw Capital Management LLC, Morgan Stanley, Bank of Montreal Can, Catalyst Capital Advisors LLC and Conning Inc.. View Insider Buying and Selling for EQGP.
Which major investors are buying EQGP stock?
EQGP stock was purchased by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Kayne Anderson Capital Advisors LP, Virtus ETF Advisers LLC, Dividend Assets Capital LLC, Advisory Research Inc., Port Capital LLC, Alps Advisors Inc. and Renaissance Technologies LLC. View Insider Buying and Selling for EQGP.
How do I buy shares of EQGP?
Shares of EQGP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is EQGP's stock price today?
One share of EQGP stock can currently be purchased for approximately $19.97.
How big of a company is EQGP?
EQGP has a market capitalization of $6.04 billion and generates $834.10 million in revenue each year. The oil and gas company earns $261.99 million in net income (profit) each year or $0.98 on an earnings per share basis.
What is EQGP's official website?
How can I contact EQGP?
EQGP's mailing address is 625 LIBERTY AVENUE SUITE 1700, PITTSBURGH PA, 15222. The oil and gas company can be reached via phone at 412-553-5700 or via email at [email protected]
MarketBeat Community Rating for EQGP (NYSE EQGP)
MarketBeat's community ratings are surveys of what our community members think about EQGP and other stocks. Vote "Outperform" if you believe EQGP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EQGP will underperform the S&P 500 over the long term. You may vote once every thirty days.
