EQT Corporation announced the successful closure of its midstream joint venture with Blackstone Credit & Insurance, receiving $3.5 billion in cash for a non-controlling equity interest. The funds will be used to reduce EQT’s term and revolving credit loans, as well as to facilitate the repurchase of senior notes from EQM Midstream Partners. RBC Capital Markets and Citi acted as financial advisors for EQT and Blackstone, respectively. EQT focuses on sustainable natural gas production in the Appalachian Basin, emphasizing operational efficiency and environmental responsibility. Blackstone Credit & Insurance is a leading global credit investor.