See more : Laser Tek Taiwan Co.,Ltd. (6207.TWO) 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 |
Compared to Estimates, Equitrans Midstream (ETRN) Q2 Earnings: A Look at Key Metrics
Equitrans Midstream (ETRN) Tops Q2 Earnings Estimates
Equitrans Midstream Announces Second Quarter 2023 Results
Equitrans Midstream Releases 2023 Corporate Sustainability Report
Equitrans Midstream Announces Quarterly Dividends
Earnings Preview: Equitrans Midstream (ETRN) Q2 Earnings Expected to Decline
Equitrans Midstream Q2 2023 Earnings and Conference Call
Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half
Equitrans Midstream weighing options as court blocks Mountain Valley project
Equitrans Midstream Releases Statement Related to Mountain Valley Pipeline's Jefferson National Forest Authorizations
Source: https://incomestatements.info
Category: Stock Reports