Sector: Energy | Industry: Oil & Gas Transportation Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 625 Liberty Avenue, Suite 2000 PITTSBURGH PA 15222 |
Tel: | 1-412-5187139 |
Website: | https://www.equitransmidstream.com |
IR: | See website |
Key People | ||
Thomas F. Karam Executive Chairman of the Board | Diana M. Charletta President, Chief Executive Officer, Director | Kirk R. Oliver Chief Financial Officer, Senior Vice President |
Stephen M. Moore Senior Vice President, General Counsel | Brian P. Pietrandrea Chief Accounting Officer, Vice President |
Business Overview |
Equitrans Midstream Corporation is a natural gas gatherer in the United States. The Company owns, operates, acquires and develops midstream assets in and originating from the Appalachian Basin. It provides midstream services to its customers in Pennsylvania, West Virginia and Ohio through its three primary assets: the gathering system, transmission system and water network. The Company operates through three segments: Gathering, Transmission and Water. The Gathering segment includes predominantly dry gas gathering systems of high-pressure gathering lines. The Transmission segment includes Federal Energy Regulatory Commission (FERC) regulated interstate pipelines and storage systems. The Water segment primarily consists of water pipelines, storage, and other facilities that support well completion activities and produce water handling activities. The Company provides a majority of its natural gas gathering, transmission and storage services and water services under long-term contracts. |
Financial Overview |
For the fiscal year ended 31 December 2023, Equitrans Midstream Corp revenues increased 3% to $1.39B. Net income applicable to common stockholders totaled $386.7M vs. loss of $327.9M. Revenues reflect Transmssion segment increase of 10% to $443.1M, Water segment increase of 29% to $80.6M. Net Income reflects Headquarters segment loss decrease of 4% to $1.6M. Dividend per share remained flat at $0.60. |
Employees: | 773 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $13,329M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,394M as of Dec 31, 2023 |
EBITDA (TTM): | $1,029M as of Dec 31, 2023 |
Net annual income (TTM): | $386.72M as of Dec 31, 2023 |
Free cash flow (TTM): | $311.13M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $7,318M as of Dec 31, 2023 |
Shares outstanding: | 433,660,506 as of Mar 9, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |