: Pipeline company’s stock soars 35% on debt-ceiling deal

May 30, 2023

Equitrans Midstream Corp.’s stock closed 35% higher on Tuesday as investors reacted to a debt-ceiling bill’s inclusion of a provision that would allow for expedited completion of the company’s Mountain Valley Pipeline.

Equitrans
ETRN,
+34.81%
is “the clearest beneficiary of this provision,” as the pipeline’s lead developer, said BTIG analysts Isaac Boltansky and Isabel Bandoroff in a note.

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