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

Equitrans Midstream

01/08/2023 14:31

* Equitrans Midstream Corp  ETRN.N  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 11 cents per share.
    * Revenue fell 3.1% to $318.47 million from a year ago;
analysts
expected $329.99 million. 
    * Equitrans Midstream Corp's reported EPS for the quarter
was 12
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Equitrans Midstream Corp shares had risen by 8.5% this
quarter and gained 54.8% so far this year.
    * The company reported quarterly net income of $52.62
million.
    * Wall Street's median 12-month price target for Equitrans
Midstream Corp is $10.75 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.09           Missed
 Mar. 31 2023      0.15           0.22           Beat
 Dec. 31 2022      0.13           0.13           Met
 Sep. 30 2022      0.13           0.09           Missed