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) has declared quarterly cash dividends of $0.15 per common share and $0.4873 per Series A Perpetual Convertible Preferred Stock for Q4 2022. The dividends will be paid on February 14, 2023, to shareholders of record as of February 6, 2023. ETRN, a leading natural gas gatherer in the United States, operates across the Appalachian Basin with an emphasis on gas transmission, storage, and gathering systems. The company continues to support the demand for clean energy while fostering community engagement in its operational regions.
Equitrans Midstream Corporation (ETRN) reported Q3 2022 results, showing a net loss of $521.2 million, impacted mainly by a $583.1 million impairment related to the Mountain Valley Pipeline (MVP). Adjusted net income stood at $38.1 million, with adjusted earnings per diluted share at $0.09. Total operating revenue was primarily driven by 72% from firm reservation fees. ETRN reduced its full-year capital expenditure forecast by $20 million, while raising free cash flow guidance to $355-$375 million. The company remains optimistic but faces ongoing litigation and permitting challenges for the MVP project.
Equitrans Midstream Corporation (ETRN) has declared quarterly cash dividends of
Equitrans Midstream Corporation (NYSE: ETRN) will release its third quarter 2022 earnings on November 1, 2022, at 10:30 am (ET). A conference call will follow, allowing analysts to engage in a Q&A session post-results discussion. Analysts can participate via toll-free (888) 330-3573 or internationally at (646) 960-0677, with a conference ID of 6625542. Access to an audio live stream will be available on the company's website, and a replay will be offered for 14 days post-call.
Equitrans Midstream Corporation (NYSE: ETRN) issued a correction regarding its earlier earnings call discussion. It mistakenly referred to the Proposed Energy Permitting Provisions as the Federal Permitting Reform and Jobs Act. The Proposed Energy Permitting Provisions aim to enhance energy infrastructure permitting, specifically related to the Mountain Valley Pipeline project. ETRN has a significant presence in the Appalachian Basin and operates as a leading natural gas gatherer in the U.S., focusing on gas transmission, storage, and supporting services.
Equitrans Midstream Corporation (ETRN) announced its second quarter 2022 results, reporting net income of $74 million and adjusted EBITDA of $264 million. The company generated 71% of its revenue from firm reservation fees and has raised its full-year financial guidance. ETRN also secured a new booster compression expansion project, enhancing its asset footprint. The company is focusing on sustainability and recently published its 2022 Corporate Sustainability Report, adhering to GRI and SASB standards. A quarterly cash dividend of $0.15 per share will be distributed on August 12, 2022.
Equitrans Midstream Corporation (NYSE: ETRN) announced a quarterly cash dividend of
Equitrans Midstream Corporation (ETRN) will announce its Q2 2022 earnings on August 2, 2022, at 10:30 am (ET). Following the earnings release, a conference call will be held for analysts and investors, including a Q&A session. Investors can access a live stream of the call via the company's website. ETRN, a major player in the Appalachian Basin, focuses on gas transmission and storage, and has been operational since its standalone launch in 2018. The company aims to support America's energy needs while enriching local communities.
Equitrans Midstream Corporation (NYSE: ETRN) announced results for its tender offers via EQM Midstream Partners, LP, increasing the maximum cash purchase amount from $200 million to $500 million. As of June 13, 2022, $474.5 million of 6.000% notes due 2025 and $320.4 million of 4.000% notes due 2024 were tendered. The firm plans to purchase $300 million of 2025 Notes and $200 million of 2024 Notes, with the early settlement date set for June 14, 2022. Holders will receive a total consideration that includes an early tender premium.
FAQ
What is the current stock price of Equitrans Midstream Corporation (ETRN)?
What is the market cap of Equitrans Midstream Corporation (ETRN)?
What does Equitrans Midstream Corporation do?
When was Equitrans Midstream Corporation established?
What are Equitrans' core values?
What regions do Equitrans' operations cover?
What recent merger has Equitrans announced?
What is the projected impact of the merger with EQT Corporation?
Who will lead the combined company after the merger?
What assets did Equitrans acquire in 2020?
How does Equitrans ensure its business practices are sustainable?
Where can investors find more information about the merger?
