Equitrans Midstream rises on Q3 profit beat

Equitrans Midstream

31/10/2023 13:43

** Shares of oil and gas transportation firm Equitrans
Midstream  ETRN.N  up 2% at $8.95 
    ** Co beats Q3 profit estimates on increased transmission
usage volumes and higher water volumes
    ** Reports Q3 adj. EPS of 28 cents, topping ests of 12 cents
- LSEG data
    ** Qtrly operating revenue up 2% at $338.5 mln, compared
with last year, beating ests of $328 mln - LSEG
    ** ETRN expects 2023 net income to range between $425 mln
and $445 mln
    ** Up to last close, shares up 31% YTD

 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))