Gas cash: EQT GP Holdings LP files for a $300 million IPO

EQT GP Holdings LP, which owns GP and LP interests in midstream energy MLP EQT Midstream Partners, filed on Thursday with the SEC to raise up to $300 million in an initial public offering.

Units will be sold by EQT Corporation (NYSE: EQT). The IPO candidate's operating partnership, EQT Midstream Partners LP (EQM), went public in June 2012 and has traded up 315% from the offer price.

The Pittsburgh, PA-based company, which was founded in 2014 and booked $393 million in revenue for the fiscal year ended December 31, 2014, plans to list on the NYSE under the symbol EQGP. Barclays is the sole bookrunner on the deal. No pricing terms were disclosed.