EQT GP Holdings, LP Completes Initial Public Offering

PITTSBURGH--(BUSINESS WIRE)--

EQT GP Holdings, LP EQGP, a Delaware limited partnership and an EQT Corporation company, today completed its initial public offering of 26,450,000 common units representing limited partner interests at $27.00 per common unit. The number of common units issued at closing included 3,450,000 common units that were issued pursuant to the full exercise of the underwriters' over-allotment option. The common units of EQT GP Holdings trade on the New York Stock Exchange under the symbol "EQGP".

The common units sold to the public represent a 9.9% limited partner interest in EQT GP Holdings. EQT Corporation holds the remaining 90.1% limited partner interest and a non-economic general partner interest in EQT GP Holdings.

Barclays, Goldman, Sachs & Co., BofA Merrill Lynch, Citigroup, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets and Wells Fargo Securities are acting as joint book-running managers for the offering; MUFG, BNP PARIBAS, PNC Capital Markets LLC, Scotia Howard Weil, SunTrust Robinson Humphrey, Ladenburg Thalmann, Oppenheimer & Co. and U.S. Capital Advisors are acting as co-managers for the offering.

This offering of common units is made only by means of a prospectus. A written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933, may be obtained through:

Barclays			Goldman, Sachs & Co.
c/o Broadridge Financial Solutions			Attn: Prospectus Department
1155 Long Island Avenue			200 West Street
Edgewood, NY 11717			New York, NY 10282
Telephone: 1-888-603-5847			Telephone: 1-866-471-2526
barclaysprospectus@broadridge.com			prospectus-ny@ny.email.gs.com
BofA Merrill Lynch			Citigroup
Attn: Prospectus Department			c/o Broadridge Financial Solutions
222 Broadway			1155 Long Island Avenue
New York, NY 10038			Edgewood, NY 11717
Dg.prospectus_requests@baml.com			Telephone: 1-800-831-9146
			prospectus@citi.com
Credit Suisse			Deutsche Bank Securities
Attn: Prospectus Department			Attn: Prospectus Group
One Madison Avenue			60 Wall Street
New York, NY 10010			New York, NY 10005
Telephone: 1-800-221-1037			Telephone: 1-800-503-4611
Atnewyork.prospectus@credit-suisse.com			Prospectus.CPDG@db.com
J.P. Morgan			RBC Capital Markets
c/o Broadridge Financial Solutions			Attn: Equity Syndicate
1155 Long Island Avenue			Three World Financial Center
Edgewood, NY 11717			200 Vesey Street, 8th Floor
Telephone: 1-888-803-9204			New York, NY 10281
			Telephone: 1-877-822-4089
			equityprospectus@rbccm.com
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152
Telephone: 1-800-326-5897
cmclientsupport@wellsfargo.com

A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About EQT GP Holdings, LP:

EQT GP Holdings, LP EQGP is a limited partnership formed to own partnership interests in EQT Midstream Partners, LP EQM, a growth-oriented limited partnership formed by EQT Corporation EQT to own, operate, acquire, and develop midstream assets in the Appalachian Basin. EQT Midstream Partners, LP provides midstream services to EQT Corporation and third-party companies through its strategically located transmission, storage, and gathering systems that service the Marcellus and Utica regions. EQT Midstream Partners, LP owns 700 miles and operates an additional 200 miles of FERC-regulated interstate pipelines and also owns more than 1,600 miles of high- and low-pressure gathering lines.

Cautionary Statements

Disclosures in this press release contain certain forward-looking statements. Statements that do not relate strictly to historical or current facts are forward-looking. These statements involve risks and uncertainties including, among others that our business plans may change as circumstances warrant and securities of EQT GP Holdings, LP may not ultimately be offered to the public because of general market conditions or other factors. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results.