Equitrans Midstream Corp reports results for the quarter ended in December - Earnings Summary

Equitrans Midstream

20/02/2024 14:31

* Equitrans Midstream Corp  ETRN.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 20 cents per
share. Wall Street expected results to range from 6 cents to 42
cents per share.
    * Revenue rose 1.5% to $360.61 million from a year ago;
analysts
expected $366.87 million. 
    * Equitrans Midstream Corp's reported EPS for the quarter
was 31
cents​.
    * The company reported quarterly net income of $134.24
million.
    * Equitrans Midstream Corp shares had risen by 3.4% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the oil & gas
transportation services peer group is also "hold"

Wall Street's median 12-month price target for Equitrans
Midstream Corp is $11.08 
This summary was machine generated from LSEG data February 20 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.20           0.32           Beat
 Sep. 30 2023      0.16           0.26           Beat
 Jun. 30 2023      0.11           0.09           Missed
 Mar. 31 2023      0.14           0.22           Beat