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

Equitrans Midstream

31/10/2023 13:31

* Equitrans Midstream Corp  ETRN.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in
September. The mean expectation of nine analysts for the quarter
was for earnings of 12 cents per share.
    * Revenue rose 2% to $338.51 million from a year ago;
analysts
expected $328.02 million. 
    * Equitrans Midstream Corp's reported EPS for the quarter
was 26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Equitrans Midstream Corp shares had fallen by 6.3% this
quarter and gained 31.0% so far this year.
    * The company reported quarterly net income of $112.8
million.
    * Wall Street's median 12-month price target for Equitrans
Midstream Corp is $10.50 
    * The current average analyst rating on the shares is "buy"
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
October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.12           0.26           Beat
 Jun. 30 2023      0.11           0.09           Missed
 Mar. 31 2023      0.15           0.22           Beat
 Dec. 31 2022      0.13           0.13           Met