U.S. midstream energy master limited partnership (MLP) EQT Midstream Partners L.P. (EQT Midstream) is a natural gas gathering, transmission, and storage partnership formed by EQT Corp. to develop midstream assets in the Appalachian Basin. We are assigning our 'BBB-' corporate credit rating and stable outlook to EQT Midstream. The partnership's creditworthiness benefits from its strategic importance and close business ties with EQT Corp., which controls the general partnership and is a very significant customer. The stable outlook on EQT Midstream reflects the outlook on EQT Corp. EQT Corp.'s stable outlook reflects our expectation that the company will continue to focus on aggressively expanding its exploration and production (E&P) operations in the Marcellus Shale region while maintaining strong financial measures such
