Equitrans Midstream Stock Price, News & Analysis

Equitrans Midstream Corporation (ETRN) reported Q3 2022 results, showing a net loss of $521.2 million, impacted mainly by a $583.1 million impairment related to the Mountain Valley Pipeline (MVP). Adjusted net income stood at $38.1 million, with adjusted earnings per diluted share at $0.09. Total operating revenue was primarily driven by 72% from firm reservation fees. ETRN reduced its full-year capital expenditure forecast by $20 million, while raising free cash flow guidance to $355-$375 million. The company remains optimistic but faces ongoing litigation and permitting challenges for the MVP project.

Equitrans Midstream Corporation (ETRN) has declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for Q3 2022. The dividends are set to be paid on November 14, 2022, to shareholders on record by the close of business on November 2, 2022. ETRN, a major player in the Appalachian Basin, focuses on natural gas transmission and storage, contributing to clean energy development in the U.S.

Equitrans Midstream Corporation (NYSE: ETRN) will release its third quarter 2022 earnings on November 1, 2022, at 10:30 am (ET). A conference call will follow, allowing analysts to engage in a Q&A session post-results discussion. Analysts can participate via toll-free (888) 330-3573 or internationally at (646) 960-0677, with a conference ID of 6625542. Access to an audio live stream will be available on the company's website, and a replay will be offered for 14 days post-call.

Equitrans Midstream Corporation (NYSE: ETRN) issued a correction regarding its earlier earnings call discussion. It mistakenly referred to the Proposed Energy Permitting Provisions as the Federal Permitting Reform and Jobs Act. The Proposed Energy Permitting Provisions aim to enhance energy infrastructure permitting, specifically related to the Mountain Valley Pipeline project. ETRN has a significant presence in the Appalachian Basin and operates as a leading natural gas gatherer in the U.S., focusing on gas transmission, storage, and supporting services.

Equitrans Midstream Corporation (ETRN) announced its second quarter 2022 results, reporting net income of $74 million and adjusted EBITDA of $264 million. The company generated 71% of its revenue from firm reservation fees and has raised its full-year financial guidance. ETRN also secured a new booster compression expansion project, enhancing its asset footprint. The company is focusing on sustainability and recently published its 2022 Corporate Sustainability Report, adhering to GRI and SASB standards. A quarterly cash dividend of $0.15 per share will be distributed on August 12, 2022.

Equitrans Midstream Corporation (NYSE: ETRN) announced a quarterly cash dividend of $0.15 per common share and $0.4873 per share of Series A Preferred Stock for Q2 2022. These dividends will be paid on August 12, 2022, to shareholders of record by August 3, 2022. ETRN operates in the Appalachian Basin as a major natural gas gatherer and focuses on gas transmission, storage, and supporting water services. The company aims to provide sustainable energy solutions while enhancing community welfare.

Equitrans Midstream Corporation (ETRN) will announce its Q2 2022 earnings on August 2, 2022, at 10:30 am (ET). Following the earnings release, a conference call will be held for analysts and investors, including a Q&A session. Investors can access a live stream of the call via the company's website. ETRN, a major player in the Appalachian Basin, focuses on gas transmission and storage, and has been operational since its standalone launch in 2018. The company aims to support America's energy needs while enriching local communities.

Equitrans Midstream Corporation (NYSE: ETRN) announced results for its tender offers via EQM Midstream Partners, LP, increasing the maximum cash purchase amount from $200 million to $500 million. As of June 13, 2022, $474.5 million of 6.000% notes due 2025 and $320.4 million of 4.000% notes due 2024 were tendered. The firm plans to purchase $300 million of 2025 Notes and $200 million of 2024 Notes, with the early settlement date set for June 14, 2022. Holders will receive a total consideration that includes an early tender premium.