Welcome to our dedicated page for Equitrans Midstream Corporation news (Ticker: ETRN), a resource for investors and traders seeking the latest updates and insights on Equitrans Midstream Corporation stock.
Equitrans Midstream Corporation (NYSE: ETRN) is a leading midstream services provider focused on delivering critical infrastructure solutions across the energy industry in North America. Established as a standalone company in November 2018, Equitrans has rapidly built a reputation for safety, reliability, and innovation. The company's core operations revolve around natural gas transmission, gathering, and water services, primarily within the prolific Appalachian Basin, which includes Pennsylvania, West Virginia, and Ohio.
Equitrans' strategic vision is to become the premier midstream services company in North America. This vision is supported by its extensive and strategically located asset base, including EQM Midstream assets acquired in mid-2020, which has consolidated its midstream operations. Equitrans' principal assets include gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production in the Marcellus and Utica regions.
The company operates under five core values: safety, integrity, collaboration, transparency, and excellence. These values guide their day-to-day operations and long-term strategic decisions, ensuring they deliver sustained value to customers and shareholders while maintaining high standards of environmental, social, and governance (ESG) practices.
In recent developments, Equitrans Midstream Corporation and EQT Corporation (NYSE: EQT) announced a definitive merger agreement on March 11, 2024. This merger aims to create a vertically integrated natural gas business with an initial enterprise value exceeding $35 billion. The combined entity will leverage synergies to deliver durable free cash flow across various price environments and achieve significant cost efficiencies.
The merger is expected to close by the fourth quarter of 2024, subject to regulatory approvals, shareholder votes, and other customary closing conditions. Post-merger, EQT shareholders are projected to own approximately 74% of the combined company, with Equitrans shareholders owning the remaining 26%. The headquarters will remain in Pittsburgh, Pennsylvania, with the executive management team of EQT leading the combined entity.
Equitrans Midstream Corporation remains dedicated to advancing its operational efficiency, technological capabilities, and sustainability efforts. The company's commitment to reducing its environmental footprint while delivering high-quality energy infrastructure solutions makes it a pivotal player in the natural gas industry.
Equitrans Midstream Corporation (NYSE: ETRN) declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for Q1 2023. The dividends will be distributed on May 15, 2023, to shareholders on record by May 5, 2023. Equitrans holds a significant position in the Appalachian Basin and is a leading natural gas gatherer in the U.S. The company, which was established as a standalone entity in 2018, focuses on gas transmission, storage systems, and water services to support natural gas production. Through its operations, Equitrans aims to meet the rising demand for clean energy while adhering to strong environmental, social, and governance (ESG) principles.
Equitrans Midstream Corporation (NYSE: ETRN) will report its first quarter 2023 earnings on Tuesday, May 2, 2023, with a conference call for analysts and investors at 10:30 AM ET.
An audio live stream of the call will be accessible online, and security analysts can join via U.S. toll-free at (888) 330-3573 or internationally at (646) 960-0677 using conference ID 6625542.
An updated investor presentation will be available on ETRN’s Investor Relations website on the same day. A replay of the call will be available for 14 days post-call.
Founded in 2018, Equitrans operates in the Appalachian Basin and is a significant natural gas gatherer in the U.S., focusing on gas transmission and storage, with a commitment to environmental, social, and governance practices.
Equitrans Midstream Corporation (NYSE: ETRN) announced its financial and operational results for 2022, reporting a net cash flow of $846 million and $380 million in free cash flow. Highlights included reliance on firm reservation fees for 71% of total operating revenue, a mixed-use water system rollout, and the initiation of a booster compression expansion project. However, the company faces hurdles with the MVP project due to permitting challenges and legal matters. For Q4 2022, ETRN reported a net income of $66 million, with adjusted EBITDA of $271 million. The company also declared a quarterly dividend of $0.15 per share, reflecting its commitment to shareholder returns.
Equitrans Midstream Corporation (NYSE: ETRN) will announce its Q4 and full-year 2022 earnings on February 21, 2023, at 10:30 am ET. The company will host a conference call immediately following the earnings release for analysts and investors, which will include a Q&A session. Analysts can join the call via designated dial-in numbers, while all other participants can access an audio live stream through the company's Investor Relations website. The call will be available for replay for 14 days. Equitrans operates primarily in the Appalachian Basin, focusing on gas transmission and gathering systems.
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