Equitrans Midstream Corporation
BBG00K53L3D9
ISIN null / Valor 44475825
Equitrans Midstream Corporation
UMushroom community rating:
About company
Equitrans Midstream Corporation, with a 135-year history in the energy industry, focuses on gas transmission and storage systems, gas gathering systems, and water services to support natural gas development and production in the Appalachian Basin. As one of the largest natural gas gatherers in the United States, Equitrans Midstream provides midstream services to major natural gas producers in the Marcellus and Utica regions of Pennsylvania, Ohio, and West Virginia. The company generates a majority of its operating revenues from firm reservation fees under long-term contracts. Additionally, Equitrans Midstream operates a water system that delivers fresh water from various sources to producers in southwestern Pennsylvania, with plans to expand the system in 2023.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (20.08.2024):
Net Income
Equitrans Midstream Corporation reported a net income of $111.9 million for the first quarter of 2024. This figure reflects the company's profitability during the period and includes various operational and financial activities.
Adjusted EBITDA
For the first quarter of 2024, Equitrans Midstream Corporation achieved an Adjusted EBITDA of $271.8 million. Adjusted EBITDA is a key performance metric that provides insight into the company's earnings before interest, taxes, depreciation, and amortization, adjusted for certain items.
Operating Cash Flow
Equitrans Midstream Corporation generated $177.5 million in net cash from operating activities during the first quarter of 2024. This cash flow is crucial for funding the company's operations, investments, and potential dividends.
Deferred Revenue
In the first quarter of 2024, Equitrans Midstream Corporation recorded deferred revenue of $61.0 million. Deferred revenue represents income that has been received but not yet earned, indicating future revenue recognition.
Quarterly Dividend
Equitrans Midstream Corporation declared a quarterly cash dividend of $0.15 per common share for the first quarter of 2024. The dividend will be paid on May 15, 2024, to shareholders of record as of May 7, 2024, reflecting the company's commitment to returning value to its shareholders.
Summarized from source with an LLMView SourceKey figures
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5427 M
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Ratings & reviews
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