EQUITRANS MIDSTREAM CORPORATION Financials Equitrans Midstream Corporation
Equities
ETRN
US2946001011
Oil & Gas Transportation Services
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.76 USD | +0.31% |
|
-1.09% | +25.34% |
| Jul. 05 | EQT's Q2 Volumes Seen Topping Guidance Midpoint Despite Curtailments, UBS Says | MT |
| Jun. 12 | US natural gas pipeline Mountain Valley prepares for start-up | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,408 | 3,477 | 4,472 | 2,900 | 4,441 | 5,534 | - | - |
| Enterprise Value (EV) 1 | 9,650 | 10,500 | 11,278 | 9,801 | 11,758 | 12,948 | 12,698 | 12,433 |
| P/E ratio | -16.7 x | 7.58 x | -3.11 x | -8.82 x | 11.4 x | 17.4 x | 11.4 x | 11.3 x |
| Yield | 13.5% | 7.46% | 5.8% | 8.96% | 8.74% | 4.85% | 4.89% | 4.95% |
| Capitalization / Revenue | 2.09 x | 2.3 x | 3.4 x | 2.14 x | 3.19 x | 3.67 x | 3.52 x | 3.53 x |
| EV / Revenue | 5.92 x | 6.95 x | 8.56 x | 7.22 x | 8.44 x | 8.6 x | 8.08 x | 7.94 x |
| EV / EBITDA | 7.14 x | 8.64 x | 11.1 x | 9.15 x | 11.1 x | 10 x | 8.98 x | 8.76 x |
| EV / FCF | -12.6 x | 33.1 x | 23.1 x | 25.8 x | -48.9 x | -41.6 x | 16.6 x | 15.3 x |
| FCF Yield | -7.93% | 3.02% | 4.33% | 3.88% | -2.05% | -2.4% | 6.01% | 6.55% |
| Price to Book | 5.06 x | 1.08 x | 2.02 x | 2.07 x | - | 1.29 x | 1.21 x | - |
| Nbr of stocks (in thousands) | 255,082 | 432,470 | 432,522 | 432,781 | 436,240 | 433,661 | - | - |
| Reference price 2 | 13.36 | 8.040 | 10.34 | 6.700 | 10.18 | 12.76 | 12.76 | 12.76 |
| Announcement Date | 2/27/20 | 2/23/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,630 | 1,511 | 1,317 | 1,358 | 1,394 | 1,506 | 1,572 | 1,565 |
| EBITDA 1 | 1,352 | 1,215 | 1,012 | 1,071 | 1,056 | 1,294 | 1,413 | 1,419 |
| EBIT 1 | 1,071 | 903.9 | 677.2 | 734.4 | 711.9 | 842.3 | 940.5 | 926.4 |
| Operating Margin | 65.72% | 59.83% | 51.42% | 54.09% | 51.07% | 55.92% | 59.81% | 59.18% |
| Earnings before Tax (EBT) 1 | -14.26 | 743.4 | -1,711 | -250.7 | 435.9 | 518.8 | 603.5 | 552.2 |
| Net income 1 | -203.7 | 364.4 | -1,439 | -327.9 | 386.7 | 330.9 | 486.1 | 441 |
| Net margin | -12.5% | 24.12% | -109.26% | -24.15% | 27.74% | 21.97% | 30.91% | 28.17% |
| EPS 2 | -0.8000 | 1.060 | -3.320 | -0.7600 | 0.8900 | 0.7340 | 1.121 | 1.128 |
| Free Cash Flow 1 | -765.5 | 317.4 | 488.1 | 379.9 | -240.6 | -311 | 763.4 | 814.4 |
| FCF margin | -46.95% | 21.01% | 37.06% | 27.98% | -17.26% | -20.65% | 48.55% | 52.03% |
| FCF Conversion (EBITDA) | - | 26.13% | 48.21% | 35.46% | - | - | 54.01% | 57.4% |
| FCF Conversion (Net income) | - | 87.1% | - | - | - | - | 157.06% | 184.7% |
| Dividend per Share 2 | 1.800 | 0.6000 | 0.6000 | 0.6000 | 0.8900 | 0.6191 | 0.6236 | 0.6314 |
| Announcement Date | 2/27/20 | 2/23/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 246.7 | 342.1 | 328.6 | 331.8 | 355.2 | 376.3 | 318.5 | 338.5 | 360.6 | 364.3 | 356.1 | 389.9 | 402.9 | 410.4 | 387.6 |
| EBITDA 1 | 166.9 | 276.9 | 263.8 | 259.4 | 271.3 | 299.6 | 234.7 | 249.9 | 272 | 271.8 | 274 | 341.6 | 372 | 371.9 | 342.7 |
| EBIT 1 | 84.28 | 193.7 | 180 | 174.6 | 186.1 | 213.9 | 148.4 | 164.3 | 185.2 | 183.9 | 177.9 | 219.6 | 250.5 | 246 | 233.7 |
| Operating Margin | 34.17% | 56.61% | 54.77% | 52.62% | 52.4% | 56.85% | 46.61% | 48.55% | 51.35% | 50.48% | 49.95% | 56.31% | 62.18% | 59.94% | 60.31% |
| Earnings before Tax (EBT) 1 | -1,984 | 111.2 | 77.46 | -504.9 | 80.68 | 102.3 | 69.38 | 118.7 | 145.5 | 131.3 | 107.3 | 147.3 | 166.5 | 173.9 | 147 |
| Net income 1 | -1,592 | 86.5 | 55.23 | -521.2 | 65.99 | 87.05 | 52.62 | 112.8 | 134.2 | 94.37 | 69.54 | 114.8 | 102.9 | 112.8 | 102.6 |
| Net margin | -645.49% | 25.28% | 16.81% | -157.09% | 18.58% | 23.13% | 16.52% | 33.32% | 37.23% | 25.91% | 19.53% | 29.44% | 25.54% | 27.5% | 26.48% |
| EPS 2 | -3.680 | 0.2000 | 0.1300 | -1.200 | 0.1500 | 0.2000 | 0.1200 | 0.2600 | 0.3100 | 0.2100 | 0.1648 | 0.2083 | 0.2175 | 0.2706 | 0.2070 |
| Dividend per Share 2 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.3100 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| Announcement Date | 2/22/22 | 5/3/22 | 8/2/22 | 11/1/22 | 2/21/23 | 5/2/23 | 8/1/23 | 10/31/23 | 2/20/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 6,242 | 7,023 | 6,805 | 6,901 | 7,318 | 7,414 | 7,164 | 6,900 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.617 x | 5.782 x | 6.722 x | 6.441 x | 6.929 x | 5.728 x | 5.069 x | 4.862 x |
| Free Cash Flow 1 | -765 | 317 | 488 | 380 | -241 | -311 | 763 | 814 |
| ROE (net income / shareholders' equity) | -36% | 18.8% | 6.11% | -19.5% | 39.4% | 20.7% | 20.8% | 22.7% |
| ROA (Net income/ Total Assets) | -1.81% | 2.94% | 1.4% | -3.07% | 3.49% | 2.4% | 3.7% | 4.5% |
| Assets 1 | 11,283 | 12,385 | -102,756 | 10,664 | 11,078 | 13,787 | 13,137 | 9,799 |
| Book Value Per Share 2 | 2.640 | 7.420 | 5.110 | 3.230 | - | 9.860 | 10.60 | - |
| Cash Flow per Share 2 | 3.830 | 3.320 | 2.700 | 1.950 | 2.330 | 2.150 | 2.530 | - |
| Capex 1 | 1,742 | 693 | 578 | 555 | 1,061 | 963 | 333 | 329 |
| Capex / Sales | 106.85% | 45.86% | 43.9% | 40.87% | 76.15% | 63.95% | 21.16% | 21.02% |
| Announcement Date | 2/27/20 | 2/23/21 | 2/22/22 | 2/21/23 | 2/20/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
HOLD
Number of Analysts
8
Last Close Price
12.76
USD
Average target price
13
USD
Spread / Average Target
+1.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +25.34% | 5.53B | |
| +16.81% | 54.32B | |
| +26.86% | 6.75B | |
| +62.26% | 2B | |
| -7.84% | 1.59B | |
| +13.64% | 1.27B | |
| +31.76% | 1.02B | |
| -8.16% | 136M | |
| -44.64% | 121M | |
| -31.34% | 111M |
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