Equitrans Midstream Corporation

Equitrans Midstream Corporation

ETRN
Equitrans Midstream CorporationUS flagNew York Stock Exchange
12.42
USD
+0.07
- -
5.43BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
TTM
Revenue per Share
2.48
2.87
3.51
5.88
6.4
4.39
3.04
3.13
3.21
3.28
Basic EPS, GAAP
0.68
0.26
-0.11
0.86
-0.8
1.06
-3.4
-0.76
0.89
0.9
Free Cash Flow per Basic Share
1.92
2.16
2.63
2.84
3.83
3.32
2.7
1.95
2.34
2.14
Dividend per Share
- -
- -
- -
- -
1.95
1.04
0.73
0.73
0.73
0.73
Book Value per Share
- -
- -
- -
1.81
2.65
9.34
3.44
2.12
2.41
2.44
Tangible Book Value per Share
- -
12.52
16.62
13.55
15.69
7.2
1.93
0.75
1.15
1.24
Basic Weighted Avg Shares
255
255
255
254
255
344
433
433
434
434
Sales/Revenue/Turnover
633
732
896
1,495
1,630
1,511
1,317
1,358
1,394
1,425
Operating Margin (%)
71.08
71.67
70.14
66.25
65.72
59.83
52.51
54.32
49.1
49.47
Depreciation Expense
50
63
102
217
281
323
335
337
344
350
Net Income, GAAP
174
65
-27
218
-204
423
-1,412
-269
445
456
Effective Tax Rate (%)
5.8
20.24
39.71
13.99
- -
14.17
- -
- -
- -
2.32
Profit Margin (%)
27.54
8.9
-3.03
14.61
-12.5
28.01
-107.2
-19.84
31.94
31.98
Working Capital
- -
874
-251
19
39
-33
79
-24
-187
-211
LT Debt
- -
986
1,453
4,660
6,324
6,928
6,940
6,870
7,277
7,628
Total Equity
- -
3,193
6,239
5,260
5,282
4,363
2,654
2,080
2,188
2,203
Return on Invested Capital (%)
- -
20.04
6.38
9.67
- -
6.69
- -
- -
- -
7.2
Return on Capital (%)
- -
-11.47
-6.59
0.3
- -
4.07
- -
- -
- -
9.35
Return on Common Equity (%)
- -
- -
- -
95.1
-35.93
18.75
-62.52
-27.19
39.35
38.84

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
311
300
300
LT Borrowings
7,277
7,490
7,628
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
682
682
688
Shares Outstanding
434
434
435
Market Capitalization
4,305
5,362
5,637

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
595
362
451
Cash, Cash Equivalents & STI
259
51
142
Accounts Receivable, Net
258
242
238
Inventories
16
- -
- -
Total Current Liabilities
783
576
662
Payables & Accruals
414
276
362
ST Debt
311
300
300
Deferred Revenue
5
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-14.51%
5.18%
Free Cash Flow
- -
9.42%
20.14%
Net Income, GAAP
- -
-256.17%
-265.3%
Sales/Revenue/Turnover
- -
-1.07%
2.66%
Total Cash Common Dividend
- -
- -
0.1%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
342
329
332
355
1,358
2023
376
318
339
361
1,394
2024
364
362
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.19
0.11
-1.2
0.12
-0.76
2023
0.2
0.12
0.26
0.31
0.89
2024
0.22
0.11
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
0.18
0.18
0.18
0.18
0.73
2023
0.18
0.18
0.18
0.18
0.73
2024
0.18
0.18
- -
- -
- -

Company Description

APIChat
CEO
Diana M. Charletta
Full Time Employees
773
Sector
Energy
Industry
Oil & Gas Midstream
Address
2200 Energy Drive Canonsburg PA United States of America 15317
IPO Date
Oct 31, 2018
Business
Equitrans Midstream Corporation, a wholly-owned subsidiary of EQT Corporation following its July 2024 acquisition, operates as a midstream energy company focused on natural gas gathering, transmission, storage, and water services in the Appalachian Basin. The company provides interstate natural gas transmission through pipelines such as the Mountain Valley Pipeline, in which it holds a 48% interest; intrastate transmission and storage systems; high- and low-pressure gas gathering systems; and comprehensive water management services including permanent and temporary pipeline infrastructure, water sourcing, storage with 350,000 barrels capacity, full program management, and automated measurement solutions. Headquartered in Canonsburg, Pennsylvania, and founded in 2018 as a spin-off from EQT Corporation, Equitrans serves producers and third parties across Pennsylvania, Ohio, and West Virginia, with assets strategically positioned in the Marcellus and Utica shale regions. In a transformative all-stock transaction valued at over $35 billion including debt, EQT completed its acquisition of Equitrans in July 2024, creating America's largest vertically integrated natural gas company and identifying over $425 million in annual synergies from operational integration, cost savings, and infrastructure optimization.

Company News

APIChat
  • Tortoise Announces Constituent Changes Due to Corporate Action

  • Abercrombie & Fitch Set to Join S&P MidCap 400; Gates Industrial to Join S&P SmallCap 600

  • Equitrans and EQT Announce Deadline for Equitrans Preferred Stock Election

  • 2 Energy Stocks Likely to Benefit From MVP's Operational Launch

  • Mountain Valley Pipeline Begins Operations

  • FERC OK's Mountain Valley Pipeline: A Brief on the Project

  • EQUITRANS MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Equitrans Midstream Corporation - ETRN

  • EQT: Cementing Position As Low-Cost Gas Producer (Raising Target Price)

  • Equitrans Midstream Announces First Quarter 2024 Results

  • Will Equitrans Midstream (ETRN) Beat Estimates Again in Its Next Earnings Report?

  • Equitrans Midstream Announces Quarterly Dividends

  • Equitrans Midstream Schedules First Quarter 2024 Earnings Release Date

  • The king of insider trading is back with multiple suspicious trades

  • EQT Looks To Lower Breakeven Costs With Equitrans Deal

  • EQUITRANS MIDSTREAM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Equitrans Midstream Corporation - ETRN

  • EQT CEO Sees Major AI Opportunity in $5.5B Equitrans Deal

  • ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Equitrans Midstream Corporation

  • EQT Buys Equitrans Midstream To Expand Its Natural Gas Operations

  • Why EQT Stock Is Losing Gas Today

  • Shareholder Alert: Ademi LLP investigates whether Equitrans Midstream Corporation has obtained a Fair Price in its transaction with EQT Corporation