Equitrans Midstream rises as Supreme Court allows work on MVP to resume

Shares of Equitrans Midstream are up 75c, or 8%, to $10.01 in morning trading after The Supreme Court issued an order that allows work on the Mountain Valley Pipeline, or MVP, project to resume. However, the top court stopped short of tossing out environmental groups’ lawsuits altogether, though the justices left open the possibility they might do so at a later stage by saying, “that determination is without prejudice to further consideration in light of subsequent developments.” The Supreme Court ruling posted to its site states in part: The application to vacate stays presented to The Chief Justice and by him referred to the Court is granted. The July 10, 2023 stay orders of the United States Court of Appeals for the Fourth Circuit, case Nos. 23-1592 and 23-1594, and the July 11, 2023 stay order of the Fourth Circuit, case No. 23-1384, are hereby vacated.”