March 11 (Reuters) - EQT Corp ( EQT ):

* EQT ANNOUNCES TRANSFORMATIVE ACQUISITION OF EQUITRANS

MIDSTREAM

* EQUITRANS MIDSTREAM CORP ( ETRN ) - ALL STOCK TRANSACTION WITH

COMBINED

COMPANY ENTERPRISE VALUE OVER $35 BILLION

* EQUITRANS MIDSTREAM CORP ( ETRN ): PROPOSED DEAL FOR INITIAL

ENTERPRISE

VALUE OVER $35 BILLION

* EQUITRANS MIDSTREAM CORP ( ETRN ) - ANNUAL SYNERGIES OF $250

MILLION WITH

IDENTIFIED UPSIDE TO MORE THAN $425 MILLION

* EQUITRANS MIDSTREAM CORP ( ETRN ): EACH OUTSTANDING SHARE OF

EQUITRANS

COMMON STOCK WILL BE EXCHANGED FOR 0.3504 SHARES OF EQT COMMON

STOCK

* EQUITRANS MIDSTREAM CORP ( ETRN ): PROPOSED DEAL FOR IMPLIED VALUE

OF

$12.50 PER EQUITRANS SHARE

* EQUITRANS MIDSTREAM CORP ( ETRN ) - TRANSACTION CLOSING IS

CONTINGENT ON

FERC AUTHORIZING MVP TO COMMENCE SERVICE

* EQUITRANS MIDSTREAM CORP ( ETRN ) - UPON CLOSING OF TRANSACTION,

THREE

REPRESENTATIVES FROM EQUITRANS WILL JOIN EQT'S BOARD OF

DIRECTORS

* EQUITRANS MIDSTREAM CORP ( ETRN ): PROPOSED DEAL UNANIMOUSLY

APPROVED BY

BOARDS OF BOTH COMPANIES

* EQUITRANS MIDSTREAM CORP ( ETRN ) - AS A RESULT OF TRANSACTION,

EQT'S

EXISTING SHAREHOLDERS ARE EXPECTED TO OWN APPROXIMATELY 74% OF

COMBINED COMPANY

* EQUITRANS MIDSTREAM CORP ( ETRN ): POST DEAL, EQT'S EXECUTIVE

MANAGEMENT

TEAM WILL LEAD COMBINED CO WITH HEADQUARTERS REMAINING IN

PITTSBURGH, PENNSYLVANIA

* EQUITRANS MIDSTREAM ( ETRN ): IDENTIFIED LOW RISK PATH TO OVER $5.0

BILLION NEAR-TERM DEBT REPAYMENT VIA $3.5 BILLION OF ASSET SALES

AND ORGANIC FREE CASH FLOW

* EQUITRANS MIDSTREAM CORP ( ETRN ): LONG-TERM DEBT TARGET OF $7.5

BILLION

* EQUITRANS MIDSTREAM ( ETRN ) - DEAL SIGNIFICANTLY ACCRETIVE TO FCF

PER

SHARE; PROJECTED PRO FORMA 2025 TO 2029 CUMULATIVE FCF

GENERATION OF ABOUT $16 BILLION

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