ETRN Stock - Equitrans Midstream Corporation
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $1.39B | $1.36B | $1.32B | $1.51B | $1.63B |
| Gross Profit | $1.05B | $1.02B | $981.81M | $1.19B | $1.35B |
| Gross Margin | 75.3% | 75.2% | 74.5% | 78.6% | 82.8% |
| Operating Income | $684.38M | $414.62M | $355.99M | $824.56M | $956.66M |
| Net Income | $445.23M | $-257,138,000 | $-1,365,948,000 | $638.04M | $-64,959,000 |
| Net Margin | 31.9% | -18.9% | -103.7% | 42.2% | -4.0% |
| EPS | $1.03 | $-0.59 | $-3.15 | $1.86 | $-0.25 |
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water Service System. The Gathering System segment include 1,130 miles of high-pressure gathering lines with compression of approximately 485,000 horsepower and multiple interconnect points; and approximately 910 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines. The Transmission and Storage System segment comprises 950 miles of FERC regulated interstate pipeline that connects to seven interstate pipelines and local distribution companies. The Water Service System segment include two independent systems comprised approximately 200 miles of pipeline that deliver fresh water from the Monongahela River, the Ohio River, local reservoirs, and various regional waterways. Equitrans Midstream Corporation was incorporated in 2018 and is headquartered in Canonsburg, Pennsylvania.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 14th 2023 | Wells Fargo | Downgrade | Underweight | $10← $9 |
| December 4th 2023 | Wolfe Research | Downgrade | Peer Perform | - |
| October 6th 2023 | Goldman | Resumed | Buy | $11.5 |
| October 3rd 2023 | Pickering Energy Partners | Initiation | Underperform | - |
| June 5th 2023 | Morgan Stanley | Upgrade | Overweight | $14← $7 |
| June 1st 2023 | Wolfe Research | Upgrade | Outperform | $11 |
| May 30th 2023 | RBC Capital Mkts | Upgrade | Outperform | $10← $7 |
| April 21st 2023 | Raymond James | Initiation | Market Perform | - |
| February 1st 2023 | Goldman | Downgrade | Sell | $6← $9.5 |
| December 16th 2022 | Wells Fargo | Downgrade | Equal Weight | $8← $12 |
| December 9th 2022 | Citigroup | Initiation | Neutral | $8 |
| October 19th 2022 | Wolfe Research | Downgrade | Peer Perform | - |
| September 28th 2022 | BofA Securities | Downgrade | Underperform | $6.5← $9 |
| August 10th 2022 | Wells Fargo | Upgrade | Overweight | $13 |
Earnings History & Surprises
ETRNEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q3 2024 | Aug 6, 2024 | $0.14 | $0.12 | -14.3% | ✗ MISS |
Q2 2024 | Apr 30, 2024 | $0.24 | $0.23 | -4.2% | ✗ MISS |
Q1 2024 | Feb 20, 2024 | $0.20 | $0.32 | +60.0% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $0.16 | $0.26 | +62.5% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.11 | $0.09 | -18.2% | ✗ MISS |
Q2 2023 | May 2, 2023 | $0.15 | $0.22 | +46.7% | ✓ BEAT |
Q1 2023 | Feb 21, 2023 | $0.13 | $0.13 | 0.0% | = MET |
Q4 2022 | Nov 1, 2022 | $0.13 | $0.09 | -30.8% | ✗ MISS |
Q3 2022 | Aug 2, 2022 | $0.11 | $0.11 | 0.0% | = MET |
Q2 2022 | May 3, 2022 | $0.15 | $0.14 | -6.7% | ✗ MISS |
Q1 2022 | Feb 22, 2022 | $0.17 | $-0.07 | -141.2% | ✗ MISS |
Q4 2021 | Nov 2, 2021 | $0.18 | $0.13 | -27.8% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $0.15 | $0.13 | -13.3% | ✗ MISS |
Q2 2021 | May 4, 2021 | $0.19 | $0.19 | 0.0% | = MET |
Q1 2021 | Feb 23, 2021 | $0.34 | $0.31 | -8.8% | ✗ MISS |
Q4 2020 | Nov 3, 2020 | $0.32 | $0.31 | -3.1% | ✗ MISS |
Q3 2020 | Aug 4, 2020 | $0.20 | $0.22 | +10.0% | ✓ BEAT |
Q2 2020 | May 14, 2020 | $0.08 | $0.46 | +475.0% | ✓ BEAT |
Q1 2020 | Feb 27, 2020 | $0.43 | $1.24 | +188.4% | ✓ BEAT |
Q4 2019 | Nov 5, 2019 | $0.42 | $0.94 | +123.8% | ✓ BEAT |
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