Equitrans Midstream (NYSE:ETRN) released its quarterly earnings data on Tuesday. The company reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19, MarketWatch Earnings reports. The company had revenue of $379.99 million for the quarter, compared to the consensus estimate of $373.97 million. Equitrans Midstream had a return on equity of 15.27% and a net margin of 1.40%. Equitrans Midstream’s revenue for the quarter was down 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS.
Shares of ETRN stock opened at $7.77 on Wednesday. The company has a 50 day moving average price of $8.12 and a 200 day moving average price of $7.96. Equitrans Midstream has a fifty-two week low of $6.23 and a fifty-two week high of $11.66. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $3.37 billion, a P/E ratio of -24.28 and a beta of 2.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Shareholders of record on Wednesday, May 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend is Tuesday, May 4th. Equitrans Midstream’s dividend payout ratio (DPR) is presently 20.00%.
Equitrans Midstream Company Profile
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.
See Also: Accumulation/Distribution
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