For the quarter ended December 2023, Equitrans Midstream (ETRN) reported revenue of $360.61 million, up 1.5% over the same period last year. EPS came in at $0.32, compared to $0.13 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $352.69 million, representing a surprise of +2.24%. The company delivered an EPS surprise of +77.78%, with the consensus EPS estimate being $0.18.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 or FOR THE TRANSITION PERIOD FROM ___________ TO __________ COMMISSION FILE NUMBER 001-38629 EQUITRANS MIDSTREAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 13:Orchid Island Capital, Inc. (ORC) : This finance company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 73.7% the last 60 days.This Zacks Rank #1 company has a dividend yield of 17.5%, compared with the industry average of 0.0%.Equitrans Midstream Corporation (ETRN) : This midstream energy company has witnessed the Zacks Consensus Estimate for its current ye ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Equitrans Midstream (ETRN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Equitrans Midstream is one of 249 individual stocks in the Oils-Energy sector. Collectively, these companies sit at #16 in the Zacks Sector Rank. The ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) COMMISSION FILE NUMBER 001-38629 EQUITRANS MIDSTREAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...

Nathan Tetlow - Vice President of Corporate Development and Investor Relations Kirk Oliver - Senior VP and CFO Brian Reynolds - UBS Company Participants Diana Charletta - President, COO and Director Conference Call Participants Operator Nathan Tetlow Good morning, and welcome to the Second Quarter 2023 Earnings Call for Equitrans Midstream Corporation. A replay of this call will be available for 14 days beginning this evening. The phone number for the replay is (800) 770-2030 or (647) 362-9199. The conferen ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-38629 EQUITRANS MIDSTREAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of inco ...

Financial Data and Key Metrics Changes - The company reported a net income of $106 million for Q1 2023, with adjusted EBITDA of $300 million and deferred revenue of $77 million [6][28]. - Net income attributable to common shareholders was $87 million, with earnings per diluted share of $0.20. Adjusted net income was $96 million, leading to adjusted earnings per diluted share of $0.22 [28][31]. - Operating revenues increased by $34 million compared to the same quarter last year, driven by one-time contract buyouts and higher water services revenue [31][51]. Business Line Data and Key Metrics Changes - In the Transmission segment, a one-time cash payment of approximately $24 million was received for a contract buyout, and a new agreement was established for an average capacity of 95 million per day [13]. - The Water segment saw strong delivered volumes, with a forecast to be at the high end of previous EBITDA guidance of $45 million for 2023 due to increased use of produced water in frac jobs [22][23]. - Gathering CapEx guidance for 2023 is set at $265 million, with $200 million for sustaining CapEx to maintain flat volumes [19]. Market Data and Key Metrics Changes - The company gathered about 7.4 Bcf per day in Q1 2023, with expectations for flat basin volumes due to takeaway constraints [19]. - The Ohio Valley Connector Expansion Project is anticipated to add about 350 million per day of deliverability, with construction expected to commence soon after necessary approvals are obtained [21]. Company Strategy and Development Direction - The company is focused on completing the Mountain Valley Pipeline (MVP) project, emphasizing the importance of energy infrastructure and the need for permitting reform legislation [11][18]. - The strategy includes leveraging existing assets and developing projects to extend and expand the system, with a focus on capturing new wellhead gathering opportunities [55][58]. - The Water team aims to create a premier mixed-use water system, maximizing the reuse of produced water, which has environmental advantages [59]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in addressing regulatory challenges and obtaining necessary permits for MVP, with expectations to complete construction by late 2023 [16][66]. - The company acknowledged the impact of delays on the balance sheet but did not speculate on dividend actions amid uncertainties regarding MVP [70]. Other Important Information - The company incurred approximately $4.1 million in operating expenses related to the Rager Mountain storage incident in Q1 2023, with full-year expectations of $8 million to $10 million in expenses [25][51]. - A quarterly cash dividend of $0.15 per common share is scheduled for May 15, 2023 [51]. Q&A Session Summary Question: Can you discuss the guidance update and the impact of MVP on financials? - Management noted that Q1 benefited from contract buyouts and seasonal factors, with no significant changes in gathering or transmission assumptions [35][36]. Question: What are the next critical hurdles for MVP? - Management indicated that the roadmap for permits is clear, and they expect to receive necessary permits in the coming months [64][66]. Question: How does the company view sustaining the dividend amid MVP uncertainties? - Management acknowledged the stress on the balance sheet but refrained from speculating on dividend actions at this time [70].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Pennsylvania 83-0516635 2200 Energy Drive, Canonsburg, Pennsylvania 15317 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 (Address of principal executive offices) (Zip code) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 001-38 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FOR THE TRANSITION PERIOD FROM ___________ TO __________ COMMISSION FILE NUMBER 001-38629 EQUITRANS MIDSTREAM CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...