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.
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.
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