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EQT Midstream Partners LP (NYSE:EQM) and EQT Corporation (NYSE:EQT) are in the spotlight after the former acquired transmission, storage, and gathering assets from the latter for $275 million in cash effective October 1. EQT Midstream expects the deal to be immediately accretive to its distributable cash flow per unit and the company will fund the purchase with borrowings from its credit facility. The gathering systems are expected to generate EBITDA of $16 million in 2017 and $30 million in 2018, while the transmission and storage assets are expected to generate $31 million in EBITDA in 2017 and $35 million in EBITDA in 2018.

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According to our data, 36 hedge funds that we track were bullish on EQT Corporation (NYSE:EQT) at the end of the second quarter, while 11 were long EQT Midstream Partners LP (NYSE:EQM).

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