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 (ETRN) has announced a quarterly cash dividend of $0.15 per common share and $0.4873 for Series A Perpetual Convertible Preferred Stock for Q4 2021. The dividends are set to be paid on February 14, 2022, to shareholders of record by February 3, 2022. ETRN, a significant natural gas gatherer in the U.S., operates primarily in the Appalachian Basin, focusing on gas transmission, storage, and related services. This distribution reflects the company's commitment to returning value to shareholders while maintaining its growth trajectory in the energy sector.
Equitrans Midstream Corporation (NYSE: ETRN) reported strong third-quarter results for 2021, with a net income of $91 million and adjusted EBITDA of $266 million, exceeding expectations. The company raised its full-year guidance for adjusted EBITDA and free cash flow and maintained 69% of revenue from firm reservation fees. Notably, ETRN received a BBB ESG rating upgrade. The quarter also saw an arbitration win regarding the Hammerhead gathering agreement and a new 10-year water services deal with EQT, anticipated to generate $40 million in annual revenue.
Equitrans Midstream Corporation (NYSE: ETRN) has declared a quarterly cash dividend of
Equitrans Midstream Corporation (ETRN) will release its Q3 2021 earnings on November 2, 2021, followed by a conference call at 10:30 am (ET). Investors can access an audio live stream and participate in a Q&A session. ETRN operates a key asset footprint in the Appalachian Basin, focusing on gas transmission and storage. Established as a standalone company in 2018, ETRN aims to be a premier midstream services provider in North America, addressing the growing need for clean energy while contributing to local communities.
Equitrans Midstream Corporation (ETRN) announced its Q2 2021 financial results, reporting a net income of $40 million and adjusted EBITDA of $272 million, exceeding forecasts. The company generated $220 million in free cash flow and derived 67% of its revenue from firm reservation fees. However, net income was impacted by a $56.2 million impairment related to Ohio water assets. ETRN raised its adjusted EBITDA and free cash flow guidance for the full year. The company emphasized its commitment to sustainability, having published its annual corporate sustainability report.
Equitrans Midstream Corporation (ETRN) has declared quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for Q2 2021. The dividends will be paid on August 13, 2021 to shareholders of record as of August 4, 2021. As a prominent natural gas gatherer in the U.S. with a strong asset base in the Appalachian Basin, ETRN continues to focus on gas transmission, storage, and gathering systems supporting energy development while committing to environmental, social, and governance practices.
Equitrans Midstream Corporation (ETRN) will report its Q2 2021 earnings on August 3, 2021, followed by a conference call at 10:30 AM ET. Participants must pre-register online to access the call.
ETRN is a leading natural gas gatherer in the U.S., focusing on gas transmission, storage, and related services across the Appalachian Basin. The company aims to support America's increasing demand for clean energy through its strategically located assets.
Equitrans Midstream Corporation (NYSE: ETRN) reported strong Q1 2021 results, generating $77 million in net income and $308 million in adjusted EBITDA, both exceeding guidance. The company recorded 66% of total operating revenue from firm reservation fees. However, operating revenue decreased by $73.1 million compared to the previous year, primarily due to deferred revenue. ETRN has raised its full-year adjusted EBITDA and free cash flow guidance, indicating confidence in future performance. A quarterly dividend of $0.15 per share is set for May 2021.
Equitrans Midstream Corporation (NYSE: ETRN) announced quarterly cash dividends of $0.15 per common share and $0.4873 per share of Series A Perpetual Convertible Preferred Stock for the first quarter of 2021. These dividends are to be paid on May 14, 2021, to shareholders of record by the close of business on May 5, 2021. Known for its significant asset base in the Appalachian Basin, ETRN stands as a leading U.S. natural gas gatherer, focusing on gas transmission, storage, and water services to meet the growing demand for clean energy.
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