See more : Principal Financial Group, Inc. (PFG) Income Statement Analysis – Financial Results
Complete financial analysis of Equitrans Midstream Corporation (ETRN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Equitrans Midstream Corporation, a leading company in the Oil & Gas Midstream industry within the Energy sector.
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Equitrans Midstream Corporation (ETRN)
About Equitrans Midstream Corporation
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.39B | 1.36B | 1.32B | 1.51B | 1.63B | 1.50B | 895.56M | 732.27M | 632.94M |
| Cost of Revenue | 344.21M | 337.01M | 335.22M | 322.81M | 280.62M | 217.37M | 102.21M | 62.69M | 49.90M |
| Gross Profit | 1.05B | 1.02B | 981.81M | 1.19B | 1.35B | 1.28B | 793.34M | 669.58M | 583.04M |
| Gross Profit Ratio | 75.31% | 75.18% | 74.55% | 78.63% | 82.79% | 85.46% | 88.59% | 91.44% | 92.12% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 129.97M | 112.92M | 124.07M | 80.34M | 75.51M | 63.66M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 112.92M | 124.07M | 80.34M | 75.51M | 63.66M |
| SG&A | 187.37M | 128.47M | 138.65M | 129.97M | 112.92M | 124.07M | 80.34M | 75.51M | 63.66M |
| Other Expenses | 3.22M | 154.67M | 153.43M | 154.11M | 165.37M | 5.01M | 4.44M | 27.11M | 5.41M |
| Operating Expenses | 365.35M | 283.14M | 292.07M | 284.08M | 278.28M | 287.26M | 165.17M | 144.77M | 133.14M |
| Cost & Expenses | 709.55M | 620.15M | 627.30M | 606.89M | 558.90M | 504.63M | 267.38M | 207.46M | 183.04M |
| Interest Income | 0.00 | 394.33M | 5.77M | 6.05M | 6.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 426.88M | 394.33M | 378.65M | 307.38M | 256.20M | 115.45M | 34.80M | 16.76M | 21.35M |
| Depreciation & Amortization | 344.21M | 337.01M | 335.22M | 330.44M | 280.62M | 217.37M | 102.21M | 62.69M | 49.90M |
| EBITDA | 1.21B | 751.63M | -1.08B | 1.23B | 1.24B | 1.06B | 730.39M | 587.51M | 507.57M |
| EBITDA Ratio | 86.59% | 55.36% | 52.48% | 76.45% | 75.90% | 70.71% | 84.53% | 85.28% | 80.19% |
| Operating Income | 684.38M | 414.62M | 355.99M | 824.56M | 956.66M | 643.08M | 543.05M | 465.07M | 449.90M |
| Operating Income Ratio | 49.10% | 30.54% | 27.03% | 54.58% | 58.68% | 43.01% | 60.64% | 63.51% | 71.08% |
| Total Other Income/Expenses | -248.45M | -988.29M | -2.38B | -160.56M | -970.91M | -396.05M | -8.19M | 20.25M | -13.58M |
| Income Before Tax | 435.93M | -250.69M | -1.71B | 743.38M | -14.26M | 594.42M | 534.86M | 485.32M | 436.33M |
| Income Before Tax Ratio | 31.27% | -18.46% | -129.92% | 49.20% | -0.87% | 39.76% | 59.72% | 66.28% | 68.94% |
| Income Tax Expense | -18.82M | 6.44M | -345.09M | 105.33M | 50.70M | 83.14M | 212.40M | 98.24M | 25.31M |
| Net Income | 445.23M | -257.14M | -1.37B | 638.04M | -64.96M | 218.40M | -27.16M | 65.15M | 174.30M |
| Net Income Ratio | 31.94% | -18.94% | -103.71% | 42.23% | -3.98% | 14.61% | -3.03% | 8.90% | 27.54% |
| EPS | 1.03 | -0.59 | -3.15 | 1.86 | -0.25 | 0.86 | -0.11 | 0.26 | 0.68 |
| EPS Diluted | 1.02 | -0.59 | -3.15 | 1.85 | -0.25 | 0.86 | -0.11 | 0.26 | 0.68 |
| Weighted Avg Shares Out | 433.96M | 433.34M | 433.01M | 343.94M | 254.88M | 254.43M | 246.87M | 254.43M | 254.91M |
| Weighted Avg Shares Out (Dil) | 436.13M | 433.34M | 433.01M | 343.98M | 254.88M | 255.03M | 254.91M | 254.91M | 254.91M |
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Is Equitrans Midstream (ETRN) Outperforming Other Oils-Energy Stocks This Year?
Equitrans Midstream Announces Private Offering of Senior Notes
Equitrans Midstream Corporation (ETRN) Q4 2023 Earnings Call Transcript
Equitrans Midstream (ETRN) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Source: https://incomestatements.info
Category: Stock Reports