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ETRN

8.05USD-0.09(-1.11%)Market Closed

Equitrans Midstream Corp

Market Summary

USD8.05-0.09Market Closed
-1.11%

ETRN Alerts

ETRN Stock Price

RSI Chart

Valuation

Market Cap

3.5B

Price/Earnings

-2.69

Price/Sales

2.82

Price/Cashflow

3.25

MarketCap/EBT

-2.12

Price/Sales

Profitability

EBT Margin

-132.76%

Return on Equity

-85.33%

Return on Assets

-12.04%

Fundamentals

Revenue

Revenue (TTM)

1.2B

Revenue Y/Y

-3.02%

Revenue Q/Q

0.96%

Earnings

Earnings (TTM)

-1.9B

Earnings Y/Y

-679.9%

Earnings Q/Q

-825.08%

Price Action

52 Week Range

10.40
(Low)(High)

Last 7 days

2.4%

Last 30 days

0.1%

Last 90 days

-8.3%

Trailing 12 Months

-9.5%

Financial Health

Current Ratio

1.3

Investor Care

Dividend Yield

7.32%

Dividend/Share (TTM)

0.6

Shares Dilution (1Y)

0.06%

Diluted EPS (TTM)

-4.54

Peers (Alternatives to Equitrans Midstream)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
40.0B
19.0B
2.15% 26.60%
15.9
2.1
24.48% 43.39%
39.8B
11.3B
1.88% 31.12%
25.4
3.7
19.34% 98.02%
38.7B
81.8B
-0.98% 59.81%
9.32
0.47
56.97% 1.44%
28.8B
13.1B
3.27% 55.93%
20.75
2.2
91.66% 28.14%
26.7B
22.8B
7.52% 15.69%
16.92
1.25
66.36% 16.93%
11.3B
2.5B
-17.17% 95.07%
54.02
5.54
201.33% 624.81%
MID-CAP
8.2B
13.9B
-0.15% 58.26%
9.89
0.59
79.42% 279.91%
5.6B
9.7B
5.33% 93.05%
31.57
0.63
72.11% 239.34%
3.5B
1.2B
0.12% -9.48%
-2.69
2.82
-13.10% -707.44%
2.4B
957.2M
-11.40% 23.03%
15.09
2.78
47.01% -3.55%
SMALL-CAP
1.8B
-
-0.87% 23.45%
435.48
1.04
9.24% 5116.27%
635.9M
-
-20.79% 58.07%
-8.9
4.82
-44.56% -328.85%
582.1M
404.2M
19.84% 54.87%
15.22
1.44
-0.37% 2.52%
202.8M
383.1M
-3.88% -33.07%
-1.71
0.51
-3.70% -259.29%

Financials for Equitrans Midstream

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-0.8%1,2491,2601,2791,3171,437
  S&GA Expenses-0.2%125125131139140
Earnings Before Taxes-37.6%-2,300.09-1,672.11-1,696.88-1,711.04433
Net Income-45.0%-1,913.16-1,319.28-1,352.03-1,380.48315
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-5.2%10,38710,96210,81910,92112,868
  Current Assets-15.2%332392326447486
    Cash Equivalents-58.0%4811542135194
  Net PPE0.5%7,8597,8227,7847,7887,773
  Goodwill0%487487487487487
Liabilities0.2%8,2638,2438,0998,2288,527
  Current Liabilities80.2%541300208368318
    LT Debt, CurrentNaN%-----
Shareholder's Equity-6.8%1,4421,5461,5511,5283,180
  Retained Earnings-24.3%-3,003.85-2,417.01-2,407.25-2,428.17-770.77
Accumulated Depreciation5.1%1,4121,3441,2781,2171,156
Shares Outstanding0%433433433433433
Minority Interest-483----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations0.0%1,0931,0941,1251,1691,139
  Share Based Compensation4.7%1514131514
Cashflow From Investing3.0%-614.01-632.72-644.73-572.97-597.84
Cashflow From Financing-6.2%-625.46-588.99-670.74-669.16-529.16
  Dividend Payments0.0%260260259259
  Buy BacksNaN%00
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on ETRN?

80.6%


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

70.8%


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

66.2%


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.

Returns

Cumulative Returns on ETRN

3.0%


3-Year Cumulative Returns

Which funds bought or sold ETRN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
90,000
90,000
-%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
481,000
481,000
0.01%
2022-11-21
DEARBORN PARTNERS LLC
NEW
-
189,000
189,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
-
-
510,000
3,886,000
0.01%
2022-11-21
Sunbelt Securities, Inc.
-
-
23,000
143,000
0.03%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
1,000
10,000
-%
2022-11-16
Retirement Systems of Alabama
ADDED
5.73
830,000
4,238,000
0.02%
2022-11-16
GLENMEDE TRUST CO NA
REDUCED
-0.22
45,000
300,000
-%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-42,000
-
-%
2022-11-15
UNITED SERVICES AUTOMOBILE ASSOCIATION
ADDED
5.18
67,000
343,000
0.01%

1–10 of 44

Latest Funds Activity

Are funds buying ETRN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own ETRN

Equitrans Midstream News

Marketscreener.com

Market Chatter: Equitrans Midstream Faces Regulatory Probe After 11-Day Gas Leak.3 days ago

ETRN Fair Value

Equitrans Midstream fair value in different scenarios

The table shows the Fair Value estimates for Equitrans Midstream for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

1.16

-85.59%

1.33

-83.48%

1.69

-79.01%

2.48

-69.19%

3.15

-60.87%

Current Inflation

1.14

-85.84%

1.30

-83.85%

1.61

-80.00%

2.32

-71.18%

2.90

-63.98%

Very High Inflation

1.12

-86.09%

1.25

-84.47%

1.52

-81.12%

2.12

-73.66%

2.60

-67.70%

Historical Equitrans Midstream Fair Value Estimates


Recent SEC filings of Equitrans Midstream

View All Filings
Date Filed Form Type Document
Nov 07, 2022
S-3ASR
S-3ASR
Nov 02, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Oct 04, 2022
4
Insider Trading
Oct 04, 2022
4
Insider Trading

Latest Insider Trading transactions for ETRN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-01-07
Moore Stephen M
ACQUIRED
-
-
32,060
Sr VP & General Counsel
2022-01-07
KARAM THOMAS F
ACQUIRED
-
-
131,800
Chairman and CEO
2022-01-07
Charletta Diana M
ACQUIRED
-
-
48,360
President and COO
2022-01-07
Pietrandrea Brian P.
ACQUIRED
-
-
7,980
VP and CAO
2022-01-07
Oliver Kirk R
ACQUIRED
-
-
37,720
Sr VP & CFO
2022-01-01
Charletta Diana M
SOLD (Taxes)
-76,950.3
10.34
-7,442
President and COO
2022-01-01
KARAM THOMAS F
SOLD (Taxes)
-244,127
10.34
-23,610
Chairman and CEO
2022-01-01
Pietrandrea Brian P.
SOLD (Taxes)
-8,882.06
10.34
-859
VP and CAO
2022-01-01
Oliver Kirk R
SOLD (Taxes)
-46,695.4
10.34
-4,516
Sr VP & CFO
2022-01-01
Moore Stephen M
SOLD (Taxes)
-47,408.9
10.34
-4,585
Sr VP & General Counsel

1–10 of 50

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.

ETRN Income Statement

2022-09-30
Statements of Consolidated Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Operating revenues$ 331,751$ 342,074$ 1,002,508$ 1,070,365
Operating expenses:    
Operating and maintenance35,29738,743100,573111,004
Selling, general and administrative33,34833,56090,483104,536
Depreciation68,57266,021203,272203,954
Amortization of intangible assets16,20416,20448,61448,614
Impairment of long-lived assets and equity method investment00056,178
Total operating expenses153,421154,528442,942524,286
Operating income178,330187,546559,566546,079
Equity income[1]488,46191[2]14,385[2]
Impairment of equity method investment(583,057)0(583,057)0
Other income, net89321,19921,41438,251
Loss on extinguishment of debt00(24,937)(41,025)
Net interest expense(101,085)(94,101)(289,323)(284,887)
(Loss) income before income taxes(504,871)123,105(316,246)272,803
Income tax (benefit) expense(1,275)32,2008,63665,180
Net (loss) income(503,596)90,905(324,882)207,623
Net income attributable to noncontrolling interests2,9323,55710,65510,479
Net (loss) income attributable to Equitrans Midstream(506,528)87,348(335,537)197,144
Preferred dividends14,62814,62843,88443,884
Net (loss) income attributable to Equitrans Midstream common shareholders$ (521,156)$ 72,720$ (379,421)$ 153,260
(Loss) earnings per share of common stock attributable to Equitrans Midstream common shareholders - basic (in dollars per share)$ (1.20)$ 0.17$ (0.88)$ 0.35
(Loss) earnings per share of common stock attributable to Equitrans Midstream common shareholders - diluted (in dollars per share)$ (1.20)$ 0.17$ (0.88)$ 0.35
Weighted average common shares outstanding - basic (in shares)433,348433,017433,333433,001
Weighted average common shares outstanding - diluted (in shares)433,348433,675433,333433,412
Statement of comprehensive income:    
Net (loss) income$ (503,596)$ 90,905$ (324,882)$ 207,623
Other comprehensive income, net of tax:    
Pension and other post-retirement benefits liability adjustment, net of tax expense of $10, $12, $34, and $363634104103
Other comprehensive income3634104103
Comprehensive (loss) income(503,560)90,939(324,778)207,726
Less: Comprehensive income attributable to noncontrolling interests2,9323,55710,65510,479
Less: Comprehensive income attributable to preferred dividends14,62814,62843,88443,884
Comprehensive (loss) income attributable to Equitrans Midstream common shareholders$ (521,120)$ 72,754$ (379,317)$ 153,363
Dividends declared per common share (in dollars per share)$ 0.15$ 0.15$ 0.45$ 0.45
[1]Represents equity income from Mountain Valley Pipeline, LLC (the MVP Joint Venture). See Note 6.
[2]Represents equity income from the MVP Joint Venture. See Note 6.

ETRN Balance Sheet

2022-09-30
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 48,067$ 134,661
Accounts receivable (net of allowance for credit losses of $2,508 and $2,696 as of September 30, 2022 and December 31, 2021, respectively)230,932252,301
Other current assets53,10959,867
Total current assets332,108446,829
Property, plant and equipment9,271,0149,004,602
Less: accumulated depreciation(1,412,301)(1,217,099)
Net property, plant and equipment7,858,7137,787,503
Investment in unconsolidated entity[1]784,3841,239,039
Goodwill486,698486,698
Net intangible assets603,157651,771
Other assets321,444308,924
Total assets10,386,50410,920,764
Current liabilities:  
Current portion of long-term debt98,9410
EQT Cash Option (as defined in Note 4)195,8200
Accounts payable51,17759,627
Capital contributions payable to the MVP Joint Venture40,98972,188
Accrued interest94,534151,909
Accrued liabilities59,78283,852
Total current liabilities541,243367,576
Long-term liabilities:  
Revolving credit facility borrowings395,000505,000
Long-term debt6,332,3786,434,945
Contract liability886,126821,342
Regulatory and other long-term liabilities108,27299,333
Total liabilities8,263,0198,228,196
Mezzanine equity:  
Equitrans Midstream Preferred Shares, 30,018 shares issued and outstanding as of September 30, 2022 and December 31, 2021681,842681,842
Shareholders' equity:  
Common stock, no par value, 432,781 and 432,522 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively3,969,5913,957,756
Retained deficit(3,003,848)(2,428,171)
Accumulated other comprehensive loss(1,950)(2,054)
Total common shareholders' equity963,7931,527,531
Noncontrolling interests477,850483,195
Total shareholders' equity1,441,6432,010,726
Total liabilities, mezzanine equity and shareholders' equity$ 10,386,504$ 10,920,764
[1]Represents investment in the MVP Joint Venture. See Note 6.