Adds shares and details in paragraphs 5 through 9March 11 (Reuters) - Natural gas producer EQT Corp EQT.N has signed an agreement to buy back its former unit Equitrans Midstream ETRN.N in a roughly $5.5 billion all-stock deal, the Wall Street Journal reported on Monday. The combined company is expected to be valued at more than $35 billion, including debt, the report said. The deal is expected to be announced later on Monday, the report said, citing people familiar with the matter. EQT in 2018 split into two, separating its midstream operations from the gas production business. The largest U.S. natural gas producer has operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin.

Source: Wall Street Journal March 11, 2024 10:05 UTC