Equitrans Midstream Corporation (NYSE:ETRN) is in the early stages of exploring a potential sale, people familiar with the matter said, potentially adding to a flurry of pipeline deals in North America. The operator of natural gas pipelines across the country, including the controversial Mountain Valley Pipeline project, is working with an adviser as it weighs a range of strategic options, according to the people. Equitrans would likely attract interest from industry peers should it opt to launch a sales process in early 2024, the people said.

Equitrans shares rose as much as 9.5% on December 1, 2023.