Management Team | Equitrans Midstream Corporation (2022)


Management Team | Equitrans Midstream Corporation (1)

$9.44 | 0.30 September 22, 2022 1:45 PM ET

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Management Team

Thomas F. Karam

Chairman of the Board and Chief Executive Officer

Thomas F. “Tom” Karam was appointed chief executive officer and chairman of the board of Equitrans Midstream Corporation (Equitrans Midstream) in July 2019. Prior to that, Mr. Karam served as president and chief executive officer of Equitrans Midstream since September 2018 and a director since November 2018. Prior to services at Equitrans Midstream, he served as senior vice president, EQT Corporation (EQT) and president, Midstream from August 2018; serving in those capacities until the separation of EQT and Equitrans Midstream in November 2018. Mr. Karam served as chief executive officer and chairman of the general partner of EQM Midstream Partners, LP (EQM) from July 2019 until Equitrans Midstream’s acquisition of 100% of the limited partner interests in EQM in June 2020, chairman, president and chief executive officer, from October 2018 to July 2019, and as president, chief executive officer and director, from August 2018 to October 2018. Additionally, he served as chairman, president and chief executive officer of EQGP Holdings LP’s (EQGP) general partner from October 2018 until Equitrans Midstream’s acquisition of 100% of the limited partner interests in EQGP in January 2019, as well as president, chief executive officer and director from August 2018 to October 2018. Tom served on EQT’s board of directors from November 2017 until the separation of EQT and Equitrans Midstream in November 2018.

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Tom has been a senior executive and entrepreneur in the midstream energy sector for more than 25 years. He is the founder and served as chairman of Karbon Partners, LLC, which invests in, owns, constructs, and operates midstream energy assets, from April 2017 to August 2018. Tom is the founder and previously served as chairman and chief executive officer of PennTex Midstream Partners, LLC, a publicly traded master limited partnership with operations in North Louisiana and the Permian Basin from 2014 until its sale to Energy Transfer Partners in 2016. Preceding PennTex, he was the founder, chairman and chief executive officer of Laser Midstream Partners, LLC (Laser), one of the first independent natural gas gathering systems in the northeast Marcellus Shale, from 2010 until 2012 when it was acquired by Williams Partners. Prior to Laser, Tom was the President, chief operating officer and director of Southern Union Company, where he led its successful transformation from a large local distribution company to one of the largest pipeline companies in the United States at the time.

Prior to Southern Union Company, Tom was the president and chief executive officer of Pennsylvania Enterprises and PG Energy, a natural gas utility in central and northeastern Pennsylvania until its acquisition by Southern Union Company. Tom began his professional career in investment banking with Legg Mason Inc. and Thomson McKinnon.

Management Team | Equitrans Midstream Corporation (4)

Diana M. Charletta

President and Chief Operating Officer

Diana Charletta was appointed president and chief operating officer of Equitrans Midstream Corporation in July 2019, having previously served as executive vice president and chief operating officer of the Company since September 2018. In April 2022, Charletta was appointed to the Equitrans Midstream Board of Directors. She also served as president, chief operating officer, and a director of the EQM General Partner since July 2019, as well as executive vice president, chief operating officer and a director of the EQM General Partner and the EQGP General Partner since October 2018. In February 2019, the EQGP General Partner became a subsidiary of EQM; and in June 2020, EQM became a wholly owned subsidiary of Equitrans Midstream.

Charletta’s career includes experience in both the production and midstream sectors of the natural gas industry. In 1992, Charletta began her energy career with Chevron, working first as a roustabout and then as an engineer. She then joined Quicksilver Resources (formerly Mercury Exploration Company) as a petroleum engineer. Charletta joined EQT Corporation in 2002 as a senior pipeline engineer and continued to move through the ranks, having held various management positions with increasing responsibility. She was promoted to manager of pipeline engineering in 2005 and became director of gas systems planning in 2008. In 2010, Charletta became vice president of gas management and transportation; she assumed the role of senior vice president of midstream operations in 2013; and was promoted to senior vice president of midstream engineering and construction in 2017. In November 2018, EQT separated its upstream and midstream businesses, and Equitrans Midstream Corporation became a standalone, publicly traded midstream company.

A Pittsburgh native, Charletta holds a Bachelor of Science degree in petroleum and natural gas engineering from West Virginia University; and she is a graduate of the Women’s Executive Leadership Program at Duquesne University. She currently sits on the Equitrans Midstream Foundation board; has served on the Company’s ASPIRE (Area Students Participating In Rewarding Education) committee since 2003; and also served as a board member of the Three Rivers Youth organization.

Management Team | Equitrans Midstream Corporation (5)

Kirk Oliver

Senior Vice President and Chief Financial Officer

Kirk Oliver was appointed senior vice president and chief financial officer for Equitrans Midstream Corporation in September 2018. He has also served as senior vice president, chief financial officer and a director of the EQM General Partner and the EQGP General Partner since October 2018.In February 2019, the EQGP General Partner became a wholly owned subsidiary of EQM and in June 2020, EQM became a wholly owned subsidiary of Equitrans Midstream. Oliver has a well-rounded and in-depth financial background, including more than 10 years as a public company financial officer with responsibility for accounting, audit, budgeting, investor relations, tax, treasury, and risk management. With decades of work in the energy sector, he has extensive experience in capital markets and bank financing, restructuring activities, mergers and acquisitions, financial controls and processes, productivity improvements, as well as organizational change.

Oliver began his professional career as an engineer in 1981 with Motorola, Inc.; and in 1987, he made the move to the financial sector, joining Lehman Brothers as an associate working in the Global Power & Energy Group where he managed the firm’s relationships with major power and energy companies. During his 11-year tenure with Lehman, his responsibilities included various investment banking transactions, equity and debt issuances, and mergers & acquisitions advisory; he was promoted to vice president in 1991 and to senior vice president in 1994. In 1998, Oliver joined TXU Corp as vice president, treasurer, and assistant secretary where he led the successful development and execution of a strategy to restructure the company, rationalize assets, strengthen the balance sheet, and restore investor confidence. He became senior vice president of finance in 2000 and was promoted to executive vice president and chief financial officer in 2004. Oliver worked as a consultant and senior executive for Hunt Power, L.L.C. from 2006-2008; he then became senior vice president and chief financial officer for Allegheny Energy, Inc. from 2008-2011, during which time he realigned reporting segments, streamlined the investor relations disclosure reporting, and helped to implement several transactions, including the merger with FirstEnergy. Prior to joining Equitrans Midstream, he was chief financial officer for UGI Corporation where he helped the company deliver record earnings and shareholder returns.

Oliver holds a Bachelor of Science degree in Electrical Engineering from Lawrence Technological University; and a Master of Business Administration degree from the University of Chicago’s Booth (Graduate) School of Business.

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Management Team | Equitrans Midstream Corporation (6)

Stephen M. Moore

Senior Vice President and General Counsel

Stephen Moore was appointed senior vice president and general counsel for Equitrans Midstream Corporation in April 2019. Along with his extensive leadership and managerial experience, Moore has almost 30 years of experience counseling in-house clients in a variety of business and legal environments. His specific areas of expertise include commercial transactions, with an emphasis on the midstream energy sector; securities and corporate governance matters; statutory and regulatory compliance; mergers and acquisitions; and capital markets transactions.

From 2014 until 2017, Moore was general counsel of PennTex Midstream Partners, LP, a publicly traded master limited partnership, and its privately held sponsor. PennTex constructed and operated midstream facilities in Louisiana and the Permian Basin. In a series of transactions during 2016 and 2017, the PennTex entities were acquired by Energy Transfer Partners, L.P. (ETP). Most recently, Moore served as special projects counsel to UGI Corporation, providing advice on corporate development and other strategic projects, primarily mergers and acquisitions transactions.

Moore joined Southern Union Company in 2009, serving as deputy chief legal officer of its Panhandle Energy business segment until Southern Union’s sale to ETP in 2012. Upon joining ETP, he became associate general counsel and lead lawyer for the interstate pipeline business segment; and also served as general counsel of Citrus Corp. and its subsidiary, Florida Gas Transmission Company (a joint venture of ETP and Kinder Morgan). Prior to Southern Union, Moore held senior legal positions in the law departments of public and private companies, including General Electric Capital Corporation. He began his professional career in Connecticut as a state criminal prosecutor and a commercial litigation associate for a regional law firm.

Moore holds a Bachelor of Arts degree in American Studies from Georgetown University and a Juris Doctor degree from Georgetown University Law Center.

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Management Team | Equitrans Midstream Corporation (7)

Nate Tetlow

Vice President, Corporate Development and Investor Relations

Nate Tetlow was appointed to vice president, corporate development and investor relations of Equitrans Midstream Corporation in September 2018 and is a veteran leader with in-depth experience in the fields of corporate finance and investor relations.

In 2008, Tetlow joined EQT Corporation as a business specialist in the treasury department and since that time has held various management positions with increased responsibility, including being instrumental in driving 16 capital market transactions, totaling approximately $14 billion. He was promoted to manager of corporate treasury in 2011 and became investor relations manager in 2012. Following two successful initial public offerings – EQM Midstream Partners, LP in 2012 and EQGP Holdings, LP in 2015 – Tetlow was promoted to investor relations director for EQM/EQGP. Following the upstream and midstream business separation in November 2018, Equitrans Midstream was launched as a standalone midstream company. Subsequently, as part of structure simplification, the EQGP General Partner became a subsidiary of EQM in February 2019 and EQM became a wholly owned subsidiary of Equitrans Midstream in June 2020.

In 2000, Tetlow began his financial career with Federated Investors, working in both corporate finance and investor relations. Throughout his eight-year tenure at Federated, he held numerous positions of increasing responsibility, including such roles as assistant business controller and fixed income security analyst.

A Pittsburgh native, Tetlow holds a Bachelor of Science degree in Finance from Virginia Tech’s Pamplin College of Business and a Master of Business Administration degree from Carnegie Mellon University’s Tepper School of Business. He earned the Chartered Financial Analyst designation in 2004 and is a member of the National Investor Relations Institute and the Chartered Financial Analyst Society of Pittsburgh.

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(Video) What is the Midstream Business


Is Etrn an MLP? ›

Equitrans Midstream Corporation (NYSE:ETRN) is a publicly-traded MLP that specializes in the gathering, transmission, and storage of natural gas.

Is Equitrans midstream owned by EQT? ›

In June 2020, a wholly owned subsidiary of Equitrans Midstream merged with and into EQM Midstream Partners, LP (EQM), and as a result of the merger, EQM became a wholly owned subsidiary of Equitrans Midstream. EQM owns, operates, acquires, and develops midstream assets in the Appalachian Basin.

Does Etrn issue a K 1? ›

CANONSBURG, Pa. --(BUSINESS WIRE)-- EQM Midstream Partners, LP (previously NYSE: EQM), a wholly owned subsidiary of Equitrans Midstream Corporation (NYSE: ETRN), announced that its 2020 unitholder tax package is now available online.

Who is the largest pipeline company in the US? ›

Kinder Morgan: North America's leading gas infrastructure company. Kinder Morgan operates the largest gas pipeline system in North America, transporting 40% of all the gas consumed in the U.S. Its pipelines connect to every major supply basin and demand center.

Who owns the most pipelines in the US? ›

Enbridge lists $170 billion in total assets in its most recent financial statements and is the largest oil and gas pipeline company in North America.

What does Equitrans Midstream do? ›

With a rich 135-year history in the energy industry, Equitrans Midstream is helping to meet America's growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.

Who owns blue racer? ›

Blue Racer is a joint venture formed in December 2012 by Dominion and Caiman Energy II, LLC (“Caiman II”) to own, operate, develop and acquire midstream assets in the Utica Shale and certain adjacent areas in the Marcellus Shale.

Who owns Mountain Valley pipeline? ›

Equitrans said it has a 48.1% ownership interest in Mountain Valley and will operate the pipeline. Mountain Valley is owned by units of Equitrans, NextEra Energy Inc (NEE. N), Consolidated Edison Inc (ED. N), AltaGas Ltd (ALA.TO) and RGC Resources Inc (RGCO.

What happened to EQM? ›

EQM common units are no longer publicly-traded following the Merger and were delisted from trading on the New York Stock Exchange on June 17, 2020.

Are midstream stocks a good investment? ›

Midstream Offers The Highest Dividend Income In Energy

In a still mostly low-interest rate environment, midstream companies' dividend yields are very attractive on top of their growth prospects.

What is the longest oil pipeline in the US? ›

The Colonial Pipeline is the largest pipeline system for refined oil products in the U.S. The pipeline – consisting of three tubes – is 5,500 miles (8,850 km) long and can carry 3 million barrels of fuel per day between Texas and New York.

What is the longest oil pipeline in the world? ›

Druzhba Oil Pipeline

It is the world's longest oil pipeline and one of the largest oil pipeline networks in the world. It carries oil from the eastern part of Russia to points in Ukraine, Belarus, Poland, Hungary, Slovakia, the Czech Republic and Germany.

Which gas company owns largest pipeline? ›

Yamal-Europe Pipeline: 4,196km

With a diameter of 142cm, Yamal-Europe is considered the world's widest pipeline, able to carry 33 billion cubic metres of natural gas through 14 compressor stations. The majority of the pipeline, which runs through Russia, is owned by national energy giant Gazprom.

Who has the most oil pipelines in the world? ›

The United States is home to the greatest number of oil pipelines in the world. As of December 2020, there were 160 operational oil pipelines in the country and a further 22 under development.

Which is the famous pipeline of USA? ›

Solution : Big Inch is the famous pipeline transport of USA which carries mineral oil from the wells of Gulf of Mexico to the north eastern states.

Who owns Eureka midstream? ›

Can you own a blue racer? ›

Blue racer snakes are considered endangered in some parts of North America, so they are difficult to find for sale. They are not common in the pet trade. Most individuals are wild-caught snakes that are then sold.

What is blue racer midstream? ›

Blue Racer Midstream is dedicated to providing Utica and Marcellus Shale producers with one stop for comprehensive midstream services and maximum flexibility across the basin. Our expanding supersystem positions and integrated assets are needed to achieve the best possible price realizations.

How fast is a blue racer? ›

Quick facts

Despite its scientific name, the Blue Racer does not constrict its prey. The Blue Racer is among the most graceful and swiftest of Ontario's snakes, though it only reaches a top speed of 12 to16 kilometres per hour.

Why was the Mountain Valley Pipeline Cancelled? ›

Originally expected to be completed by 2018, Mountain Valley Pipeline has been hampered by staunch opposition in both Virginia and West Virginia, hundreds of environmental violations and a string of successful legal challenges in the 4th Circuit that have repeatedly stripped the project of necessary federal permits.

What will the Mountain Valley Pipeline carry? ›

With a vast supply of natural gas from Marcellus and Utica shale production, the Mountain Valley Pipeline is expected to provide up to two million dekatherms per day (two billion cubic feet (Bcf) per day) of firm transmission capacity to markets in the Mid- and South Atlantic regions of the United States.

How many pipelines cross the Appalachian Trail? ›

For decades, more than 50 other pipelines have safely crossed the Trail without disturbing its public use. The Atlantic Coast Pipeline will be no different."

What is Pinkie Pie's race? ›

Pinkie is the younger sister of Salvatore Stracci, Carmine Stracci and Wendy Corduroy.
Pinkie Pie
Hair colourPink
Weight68 kg
21 more rows

What are the My Little Pony races? ›

In My Little Pony: Friendship Is Magic, there are 3 apparently separate & specialized pony races: “Earth ponies” (physically strong & naturally gifted at agriculture), the Pegasi (fliers who magically manipulate the weather), and Unicorns (magic specialists—the fourth type of pony, the all-​female “Alicorns”, are ...

Does Amlp generate ak1? ›

AMLP does not issue a K-1 rather it reports on a 1099 for taxes. AMLP also provides qualified dividends, and a portion of distributions are tax-deferred.

Why did sunset shimmer leave equestria? ›

Sunset berates her teacher for hiding such magic from her and demands to be made a princess. Celestia refuses, saying that being a princess must be earned, and removes Sunset from her position as her student and banishes her from Canterlot Castle.

What race would fluttershy be? ›

Race:Pegasus Pony
Current Affiliation(s):Team Flirt
Previous Affiliation(s):Unknown
8 more rows

What is rarity's race? ›

Rarity is a female unicorn pony and one of the main characters of My Little Pony Friendship is Magic.

What ethnicity is Twilight Sparkle? ›

Twilight Sparkle
Hair colourDark pink, sapphire blue
EthnicityPony (Alicorn)
20 more rows

How old is Pinkie Pie MLP? ›

Pinkie Pie
SpeciesEarth Pony
6 more rows

Why is it called My Little Pony? ›

She explained, "I got the idea for My Pretty Pony, because a pony was the only thing I ever wanted." She also named the first six ponies herself — their names were Snuzzle, Bluebell, Butterscotch, Cotton Candy, Minty, and Blossom.

What happens when you sell a MLP stock? ›

When you sell an MLP, you will calculate your gain or loss, just as you would with any other investment. Your taxable gain is the difference between the sales price and your adjusted tax basis. However, this entire gain is not taxed at the same rate and must be split into two components.

How much taxes do you pay on MLP distributions? ›

For the vast majority of investors, the capital gains taxes paid on income earned by MLPs, once the cost basis has hit zero, is 0% or 15%. Even if you're in the top tax bracket, you end up paying half the tax rate compared with what you would pay if distributions were taxed as ordinary income.

Does Amlp pay monthly dividends? ›

AMLP has a dividend yield of 8.04% and paid $2.94 per share in the past year. The dividend is paid every three months and the last ex-dividend date was Aug 11, 2022.


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