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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 |
Equitrans Midstream (ETRN) Q3 Earnings and Revenues Top Estimates
Equitrans Midstream Announces Third Quarter 2023 Results
Equitrans Midstream Corporation (ETRN) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Equitrans Midstream Corporation - ETRN
Equitrans Midstream Announces Quarterly Dividends
Equitrans Midstream (ETRN) Reports Next Week: Wall Street Expects Earnings Growth
Will Equitrans Midstream (ETRN) Beat Estimates Again in Its Next Earnings Report?
Equitrans Midstream Q3 2023 Earnings and Conference Call
MRO vs. ETRN: Which Stock Is the Better Value Option?
Equitrans Midstream reaches agreement with US regulator for Mountain Valley Pipeline
Source: https://incomestatements.info
Category: Stock Reports