=Rice Midstream Partners (RMP), EQT Midstream Partners(EQM), and EQT GP Holdings (EQGP) : midstream streamlining transaction

• Rice Midstream Partners (RMP) increases quarterly distribution to $0.3049/unit from $0.2917/unit 
• EQT Midstream Partners (EQM) increases quarterly distribution to $1.065/unit from $1.025/unit
• EQT GP Holdings (EQGP) increases quarterly distribution to $0.258/unit from $0.244/unit

Rice Midstream Partners (RMP), EQT Midstream Partners(EQM), and EQT GP Holdings (EQGP) announce a midstream streamlining transaction 

The Transaction includes:

• EQM's acquisition of EQT Corporation's retained midstream assets and Gulfport Energy's (GPOR) 25% ownership in the Strike Force Gathering System for $1.69 bln. EQT will receive $1.15 bln in cash and 5.9 mln EQM common units and Gulfport Energy will receive $175 mln in cash.
• The merger of EQM and RMP in a unit-for-unit transaction at an exchange ratio of 0.3319x, which implies a transaction value of $2.4 bln, including the assumption of RMP debt. The RMP debt balance as of March 31, 2018 was $325 mln.
• EQGP's purchase of RMP's Incentive Distribution Rights (RMP IDRs) from EQT for 36.3 mln EQGP common units.

EQM and RMP have entered into a definitive merger agreement under which EQM will acquire RMP in a unit-for-unit transaction. EQM has entered into a definitive agreement with EQT to acquire its Olympus Gathering System and its 75% interest in the Strike Force Gathering System. EQM has also entered into a definitive agreement with Gulfport Energy to acquire its 25% interest in the Strike Force Gathering System. This streamlining transaction is expected to be immediately accretive to both EQM and EQGP's distributable cash flow per unit.