Equitrans Midstream considering strategic options, Bloomberg reports

Shares of Equitrans Midstream are higher in morning trading after Bloomberg’s Kiel Porter and Matthew Monks reported that the operator of natural gas pipelines is in the early stages of exploring a potential sale, citing people familiar with the matter. The pipeline operator with a market capitalization of $4B, whose shares have risen more than 40% in New York trading this year, would likely attract interest from industry peers should it opt to launch a sales process in early 2024, the sources said. Shares of Equitrans are up 71c, or nearly 8%, to $10.09 approaching 11 am ET.