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Equitrans Midstream Corp Stock Research

ETRN

9.47USD-0.05(-0.53%)Market Closedas of 26 Sep 2023, 09:32 am
Watchlist

Market Summary

USD9.47-0.05
Market Closedas of 26 Sep 2023, 09:32 am
-0.53%

ETRN Stock Price

ETRN RSI Chart

ETRN Valuation

Market Cap

4.1B

Price/Earnings (Trailing)

-15.45

Price/Sales (Trailing)

2.98

EV/EBITDA

-9.95

Price/Free Cashflow

9.24

ETRN Price/Sales (Trailing)

ETRN Profitability

EBT Margin

-19.25%

Return on Equity

-28.96%

Return on Assets

-2.63%

Free Cashflow Yield

10.83%

ETRN Fundamentals

ETRN Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

-3.09%

Revenue Q/Q

-15.38%

ETRN Earnings

Earnings (TTM)

-267.0M

Earnings Y/Y

10.62%

Earnings Q/Q

-33.87%

Price Action

52 Week Range

4.4610.48
(Low)(High)

Last 7 days

-0.2%

Last 30 days

-1.3%

Last 90 days

2.7%

Trailing 12 Months

25.7%

ETRN Financial Health

Current Ratio

1.03

ETRN Investor Care

Dividend Yield

6.3%

Dividend/Share (TTM)

0.6

Buy Backs (1Y)

0.02%

Diluted EPS (TTM)

-0.76

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for ETRN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-24
BAILEY VICKY A
sold
-12,419
5.09
-2,440
-
2023-03-21
KARAM THOMAS F
gifted
-
-
-100,000
chairman and ceo
2023-03-16
Oliver Kirk R
bought
49,140
5.46
9,000
sr vp & cfo
2023-03-14
Moore Stephen M
bought
49,810
5.86
8,500
sr vp & general counsel
2023-02-27
Oliver Kirk R
sold (taxes)
-14,798
6.11
-2,422
sr vp & cfo
2023-02-27
Pietrandrea Brian P.
acquired
179,254
6.20407
28,893
vp and cao
2023-02-27
Charletta Diana M
acquired
1,466
6.11
240
president and coo
2023-02-27
Moore Stephen M
acquired
578,001
6.20333
93,176
sr vp & general counsel
2023-02-27
Pietrandrea Brian P.
sold (taxes)
-3,195
6.11
-523
vp and cao
2023-02-27
Oliver Kirk R
acquired
717,003
6.20406
115,570
sr vp & cfo

1–10 of 50

Which funds bought or sold ETRN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-21
Jefferies Group LLC
new
-
94,816
94,816
-%
2023-09-20
BARCLAYS PLC
reduced
-39.11
133,000
18,783,000
0.01%
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
1,104
2,792
-%
2023-09-11
BLUEFIN CAPITAL MANAGEMENT, LLC
new
-
6,668,120
6,668,120
1.27%
2023-08-23
WOLVERINE TRADING, LLC
added
143
450,191
587,191
-%
2023-08-22
COMERICA BANK
new
-
4,000
4,000
-%
2023-08-21
BOKF, NA
sold off
-100
-10,780
-
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
183
836,332
1,062,030
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
11.09
311,000
682,000
0.01%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
added
2.44
2,078,910
5,073,230
0.01%

1–10 of 44

Latest Funds Activity

Are funds buying ETRN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ETRN
No. of Funds

Schedule 13G FIlings of Equitrans Midstream

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
price t rowe associates inc /md/
7.2%
31,316,116
SC 13G/A
Feb 13, 2023
capital international investors
12.2%
53,000,392
SC 13G/A
Feb 09, 2023
vanguard group inc
10.71%
46,363,990
SC 13G/A
Jan 26, 2023
blackrock inc.
12.0%
51,729,117
SC 13G/A
Jan 20, 2023
blackrock inc.
12.0%
51,729,117
SC 13G
Jul 11, 2022
vanguard group inc
10.00%
43,276,434
SC 13G/A
Apr 28, 2022
eqt corp
0%
0
SC 13G/A
Feb 14, 2022
price t rowe associates inc /md/
5.0%
21,697,668
SC 13G
Feb 11, 2022
capital international investors
11.7%
50,477,217
SC 13G/A
Feb 04, 2022
eqt corp
5.3%
22,796,026
SC 13G/A

Recent SEC filings of Equitrans Midstream

View All Filings
Date Filed Form Type Document
Sep 07, 2023
8-K
Current Report
Aug 24, 2023
8-K
Current Report
Aug 24, 2023
UPLOAD
UPLOAD
Aug 17, 2023
CORRESP
CORRESP
Aug 04, 2023
UPLOAD
UPLOAD
Aug 01, 2023
8-K
Current Report
Aug 01, 2023
10-Q
Quarterly Report
Jul 11, 2023
8-K
Current Report
Jul 07, 2023
S-3ASR
S-3ASR
Jun 22, 2023
11-K
Employee Benefit Details

Peers (Alternatives to Equitrans Midstream)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
-
14.5B
12.11% 14.39%
-
-
11.12% 227.86%
41.4B
11.5B
-2.05% 16.50%
15.57
3.59
7.16% 69.50%
40.6B
80.8B
6.46% 39.03%
8.97
1.48
-1.23% 0.82%
37.3B
17.1B
-3.40% 2.92%
14.87
2.18
-3.10% 3.16%
29.8B
19.2B
2.45% 28.12%
12.24
1.55
-10.28% 54.38%
MID-CAP
6.5B
2.4B
9.82% -26.71%
16.35
2.68
18.38% 86.75%
4.7B
8.0B
2.92% 50.89%
12.19
0.52
-9.16% 99.38%
4.1B
1.4B
-1.35% 25.66%
-15.45
2.98
9.71% 80.43%
2.0B
1.1B
4.45% -9.47%
13.01
1.9
42.53% -0.22%
-
11.9B
0.51% 28.75%
-
-
-14.57% 7.44%
SMALL-CAP
1.9B
308.0M
6.99% 35.60%
8.53
8.41
145.69% 7305.10%
-
384.8M
-3.11% -1.48%
-
-
-2.94% 38.53%
425.2M
3.1B
12.04% -20.56%
10.87
0.14
156.21% 157.73%

Equitrans Midstream News

MarketBeat
Equitrans Midstream Co. (NYSE:ETRN) Shares Acquired by Wedge ....
MarketBeat,
3 hours ago
InvestorsObserver

Returns for ETRN

Cumulative Returns on ETRN

12%


3-Year Cumulative Returns

Risks for ETRN

What is the probability of a big loss on ETRN?

83.8%


Probability that Equitrans Midstream stock will be more than 20% underwater in next one year

75.7%


Probability that Equitrans Midstream stock will be more than 30% underwater in next one year.

68.3%


Probability that Equitrans Midstream stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ETRN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Equitrans Midstream was unfortunately bought at previous high price.

Drawdowns

Financials for Equitrans Midstream

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue-0.7%1,381,796,0001,391,938,0001,357,747,0001,249,180,0001,259,503,0001,279,187,0001,317,037,0001,437,487,0001,445,413,0001,437,708,0001,510,825,0001,569,562,0001,627,996,0001,693,573,0001,630,242,0001,589,174,0001,545,324,0001,513,854,0001,495,098,0001,402,685,0001,244,394,000
  S&GA Expenses21.0%160,891,000132,968,000128,472,000124,594,000124,806,000131,279,000137,056,000140,319,000138,385,000135,724,000129,969,000123,548,000116,073,000110,476,000112,915,000124,510,000127,739,000128,775,000123,810,000108,876,000100,798,000
EBITDA100.0%--399,622,000-372,832,000-2,454,394,000-1,781,043,000-1,804,681,000-1,819,285,000332,864,000415,079,000562,802,000695,608,000218,641,000-24,286,000-61,371,000-43,086,000------
EBITDA Margin100.0%--0.29-0.27-1.96-1.41-1.41-1.380.230.290.390.460.14-0.01-0.04-0.03------
Interest Expenses-2.1%-414,696,000-406,169,000-394,333,000-383,086,000-376,102,000-376,627,000-378,650,000-372,307,000-364,617,000-335,770,000-307,380,000-287,887,000-267,082,000-262,000,000-256,195,000-231,900,000-193,574,666--115,454,000-78,779,000-52,127,000
Earnings Before Taxes0.7%-266,055,000-268,009,000-250,694,000-2,341,030,000-1,716,759,000-1,732,448,000-1,740,643,000422,287,000498,194,000624,177,000736,577,000254,623,000-1,797,000-37,572,000-14,255,000236,133,000494,566,000579,482,000594,419,000788,895,000727,737,000
EBT Margin100.0%--0.19-0.18-1.87-1.33-1.33-1.300.300.350.440.490.160.00-0.02-0.01------
Net Income2.4%-266,979,000-273,433,000-269,342,000-1,956,077,000-1,364,439,000-1,388,828,000-1,411,820,000312,113,000390,806,000410,898,000528,332,000141,782,000-88,509,000-70,482,000-203,743,00016,772,000165,422,000191,968,000218,398,000139,496,00090,005,000
Net Income Margin100.0%--0.20-0.20-1.57-1.05-1.06-1.050.220.270.290.270.01-0.13-0.11-0.12------
Free Cashflow-100.0%-503,533,000469,114,000737,006,000770,272,000824,621,000878,247,000843,204,000836,762,000750,231,000678,855,000535,189,000671,513,000735,965,0009,118,000------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32017Q4
Assets3.2%10,72710,39910,44610,33510,90910,77610,88312,85812,79812,78112,71912,63112,44512,19012,04212,57612,43610,27510,5249,9438,329
  Current Assets29.4%416321390332392326447486551572562533503368375422333311569420355
    Cash Equivalents104.0%10752.0068.0048.0011542.0013519424323220818320276.0088.0015426.0079.00294184121
  Net PPE0.1%7,9117,9017,8847,8597,8227,7847,7887,7737,7627,8167,8287,8397,8077,7517,7247,6147,3806,0085,8685,6205,111
  Goodwill0%487487487487487487487487487487487487487-487-1,3471081,2391,3851,385
Liabilities4.0%8,6278,2978,3658,2628,2418,0988,2288,5258,4778,4258,3638,3098,2287,1456,7606,6356,1915,5985,2644,4672,090
  Current Liabilities47.6%462313413541300208368318373575595672403293336558694393549958606
    LT Debt, Current-100.0%-99.0099.0099.00-----310303303--6.006.006.006.006.00--
Shareholder's Equity-32.9%9521,4209199131,9851,9961,9723,1723,1633,2023,6763,6403,5485,0445,2825,9416,2454,6775,2605,4756,239
  Retained Earnings-0.5%-3,047-3,031-3,053-3,054-2,468-2,449-2,464-778-784-741-728-781-866-858-618-234-53.79-13.7034.00--
Accumulated Depreciation4.4%1,6181,5501,4811,4121,3441,2781,2171,1561,0901,0761,008944883823859825785651602519406
Shares Outstanding0.0%433433433433433433433433433433432433261249255255255255254254254
Minority Interest---479---483---471---4,609---4,802-5,095
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-5.9%8328858461,0931,0941,1251,1691,1391,1601,1211,1411,1101,1471,104976711695549722891852
  Share Based Compensation131.9%33.0014.0016.0015.0014.0013.0013.0014.0014.0012.0012.0010.007.006.003.005.006.005.004.001.001.00
Cashflow From Investing-0.2%-534-533-567-614-632-644-572-597-596-604-729-976-1,289-2,418-2,574-2,835-2,852-1,852-1,785-1,277-1,032
Cashflow From Financing10.4%-305-340-345-625-588-670-669-529-522-360-291-1053201,3121,3922,0943361,2161,2373042,288
  Dividend Payments0.0%260260260260260260259259259229278328378458448333219104---
  Buy Backs-----------13852.0052.0052.00-47.46---954---

ETRN Income Statement

2023-06-30
Statements of Consolidated Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
[1]
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Operating revenues$ 318,469$ 328,611$ 694,806$ 670,757[1]
Operating expenses:    
Operating and maintenance45,76732,44288,62965,523[1]
Selling, general and administrative56,93229,00989,55458,726[1]
Depreciation70,03167,657139,435134,700[1],[2]
Amortization of intangible assets16,20516,20532,41032,410[1],[2]
Total operating expenses188,935145,313350,028291,359[1]
Operating income129,534183,298344,778379,398[1]
Equity income[3]23,6863923,808[4]43[1],[2],[4]
Other income, net19,8094,14811,7075,659[1]
Loss on extinguishment of debt0(24,937)0(24,937)[2]
Net interest expense(103,644)(95,117)(208,601)(188,238)[1]
Income before income taxes69,38567,431171,692171,925[1]
Income tax expense (benefit)4652,692(3,319)8,293[1]
Net income68,92064,739175,011163,632[1],[2]
Net income attributable to noncontrolling interest1,6753,9486,0847,723[1]
Net income attributable to Equitrans Midstream67,24560,791168,927155,909[1]
Preferred dividends14,62814,62829,25629,256[1]
Net income attributable to Equitrans Midstream common shareholders$ 52,617$ 46,163$ 139,671$ 126,653[1]
Earnings per share of common stock attributable to Equitrans Midstream common shareholders - basic (in dollars per share)$ 0.12$ 0.11$ 0.32$ 0.29[1]
Earnings per share of common stock attributable to Equitrans Midstream common shareholders - diluted (in dollars per share)$ 0.12$ 0.11$ 0.32$ 0.29[1]
Weighted average common shares outstanding - basic (in shares)433,961433,333433,834433,326[1]
Weighted average common shares outstanding - diluted (in shares)435,476434,025434,640433,970[1]
Statement of comprehensive income:    
Net income$ 68,920$ 64,739$ 175,011$ 163,632[1],[2]
Other comprehensive income, net of tax:    
Pension and other post-retirement benefits liability adjustment, net of tax expense of $7, $12, $14 and $2422344468[1]
Other comprehensive income22344468[1]
Comprehensive income68,94264,773175,055163,700[1]
Less: Comprehensive income attributable to noncontrolling interest1,6753,9486,0847,723[1]
Less: Comprehensive income attributable to preferred dividends14,62814,62829,25629,256[1]
Comprehensive income attributable to Equitrans Midstream common shareholders$ 52,639$ 46,197$ 139,715$ 126,721[1]
Dividends declared per common share (in dollars per share)$ 0.15$ 0.15$ 0.30$ 0.30[1]
[1]Certain line items of the previously issued unaudited interim consolidated financial statements for the three and six months ended June 30, 2022 have been revised. See Note 1 for more information.
[2]Certain line items of the previously issued unaudited interim consolidated financial statements for the six months ended June 30, 2022 have been revised. See Note 1 for more information.
[3]Represents equity income from Mountain Valley Pipeline, LLC (the MVP Joint Venture). See Note 4.
[4]Represents equity income from the MVP Joint Venture. See Note 4.

ETRN Balance Sheet

2023-06-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 107,072$ 67,898
Accounts receivable (net of allowance for credit losses of $4,289 and $3,031 as of June 30, 2023 and December 31, 2022, respectively)237,630246,887
Other current assets71,01274,917
Total current assets415,714389,702
Property, plant and equipment9,528,3969,365,051
Less: accumulated depreciation(1,617,527)(1,480,720)
Net property, plant and equipment7,910,8697,884,331
Investment in unconsolidated entities[1]1,090,202819,743
Goodwill486,698486,698
Net intangible assets554,543586,952
Other assets268,987278,159
Total assets10,727,01310,445,585
Current liabilities:  
Current portion of long-term debt098,830
Accounts payable49,49660,528
Capital contributions payable to the MVP Joint Venture209,77934,355
Accrued interest133,376135,762
Accrued liabilities69,20883,835
Total current liabilities461,859413,310
Long-term liabilities:  
Revolving credit facility borrowings570,000535,000
Long-term debt6,340,8806,335,320
Contract liability1,129,599968,535
Regulatory and other long-term liabilities124,875112,974
Total liabilities8,627,2138,365,139
Mezzanine equity:  
Equitrans Midstream Preferred Shares, 30,018 shares issued and outstanding as of June 30, 2023 and December 31, 2022681,842681,842
Shareholders' equity:  
Common stock, no par value, 433,261 and 432,781 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively4,001,0303,974,127
Retained deficit(3,047,267)(3,053,590)
Accumulated other comprehensive loss(1,288)(1,332)
Total common shareholders' equity952,475919,205
Noncontrolling interest465,483479,399
Total shareholders' equity1,417,9581,398,604
Total liabilities, mezzanine equity and shareholders' equity$ 10,727,013$ 10,445,585
[1]Represents investment in the MVP Joint Venture. See Note 4.
Thomas F. Karam
770
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.