Equitrans Midstream Redeems Preferred Shares

By Tamara Parker • Friday, July 05 07:54 • Permanent Link

Equitrans Midstream Corporation (NYSE: ETRN) has announced the full redemption of its Series A Perpetual Convertible Preferred Shares. The redemption price per share is $22.83, which is expected to occur on July 22, 2024. This represents an increase from the previous redemption price. The company has a strategic focus on gas transmission and storage systems, gas gathering systems, and water services supporting natural gas development and production across the Appalachian Basin. Equitrans Midstream Corporation aims to be the premier midstream services provider in North America and emphasizes its environmental, social, and governance (ESG) practices. As a result of these announcements, the company's shares have moved 0.5% on the market, and are now trading at a price of $12.97. For the full picture, make sure to review Equitrans Midstream's 8-K report.

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