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EQT acquires Blackline Midstream propane terminal

PUBLIC · EQTJul 25, 2026

Acquiring Company

EQT AB

Acquired Company

Blackline Midstream

PittsburghUnited StatesOtherEnergyOil And GasFinancial ServicesSoftwarePaymentsFinanceVenture CapitalAngel InvestmentEnergyOil And GasRenewable Energy

Description

EQT has announced the acquisition of Blackline Midstream's propane terminal as part of its midstream expansion strategy. This acquisition is aimed at broadening EQT's infrastructure platform and enhancing contracted volumes. The company is investing heavily in the Mountain Valley Pipeline Southgate project while increasing its capital spending. The move is expected to positively influence EQT's future cash flow stability.

Company Information

Company

EQT AB

Location

Liberty Avenue

Pittsburgh, Pennsylvania, United States

About

EQT AB is an international purpose-driven investment organization. It is the parent company of BPEA Private Equity Fund VIII ('EQT Ásia') and is known for its strategic investments and acquisitions in various industries. EQT is focused on creating sustainable value and driving growth in its portfolio companies.

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Frequently asked

Who acquired Blackline Midstream?

Blackline Midstream was acquired by EQT AB, based in Pittsburgh. The deal was reported on July 25, 2026. EQT AB is an international purpose-driven investment organization. EQT AB is publicly traded (EQT) and operates in Other.

When did EQT AB acquire Blackline Midstream?

EQT AB's acquisition of Blackline Midstream was reported on July 25, 2026. EQT has announced the acquisition of Blackline Midstream's propane terminal as part of its midstream expansion strategy. This acquisition is aimed at broadening EQT's infrastructure platform and enhancing contracted volumes. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Blackline Midstream do?

Blackline Midstream is a company that specializes in midstream energy services, particularly handling propane distribution. The company focuses on providing reliable propane terminal solutions. It is privately held, operating in Energy, and is based in United States.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.