Equitrans Midstream stock is trading lower today after US Appeals Court blocked the Mountain Valley Pipeline construction in Jefferson National Forest. Company says decision could hamper Mountain Valley's ability to complete construction by year-end 2023.
Portfolio Pulse from Benzinga Newsdesk
Equitrans Midstream's stock is trading lower following a US Appeals Court decision to block the construction of the Mountain Valley Pipeline in Jefferson National Forest. The company warns that this could affect Mountain Valley's ability to complete construction by the end of 2023.
July 11, 2023 | 11:37 am
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NEGATIVE IMPACT
Equitrans Midstream's stock is trading lower due to a legal setback that could delay the completion of a major project.
The court's decision directly impacts Equitrans Midstream's operations, potentially delaying a major project. This has led to a decrease in the company's stock price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100