Who owns Mountain Valley Pipeline?

The Mountain Valley Pipeline (MVP) project will be constructed and owned by Mountain Valley Pipeline, LLC, Series A (MVP Joint Venture) – a joint venture of Equitrans Midstream Corporation; NextEra Capital Holdings, Inc.; Con Edison Transmission, Inc.; WGL Midstream MVP LLC; and RGC Midstream, LLC.

Will the Mountain Valley Pipeline boost Equitrans Midstream (ETRN)?

While the Mountain Valley Pipeline coming online should be a huge boost to Equitrans Midstream ( NYSE: ETRN) moving forward, the benefits already look priced into the stock. ETRN is an Appalachia-focused midstream company that operates in three segments: gathering, transmission and water.

Does ETRN have a stake in a natural gas pipeline?

ETRN has a 45.5% stake in the pipeline. The project began construction in 2018 but has been hampered throughout the years by lawsuits and regulatory matters. The pipeline received some positive news when the Biden administration approved a permit for the natural gas pipeline to run through a National Forest.