Equitrans Midstream Management

Management criteria checks 4/4

Equitrans Midstream's CEO is Diana Charletta, appointed in Jul 2019, has a tenure of 4.83 years. total yearly compensation is $3.48M, comprised of 14.9% salary and 85.1% bonuses, including company stock and options. directly owns 0.12% of the company’s shares, worth €6.48M. The average tenure of the management team and the board of directors is 4.8 years and 5.5 years respectively.

Key information

Diana Charletta

Chief executive officer

US$3.5m

Total compensation

CEO salary percentage	14.9%
CEO tenure	4.8yrs
CEO ownership	0.1%
Management average tenure	4.8yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Diana Charletta's remuneration changed compared to Equitrans Midstream's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$394m
Dec 31 2023	US$3m	US$519k	US$387m
Sep 30 2023	n/a	n/a	US$318m
Jun 30 2023	n/a	n/a	-US$315m
Mar 31 2023	n/a	n/a	-US$321m
Dec 31 2022	US$4m	US$504k	-US$328m
Sep 30 2022	n/a	n/a	-US$2b
Jun 30 2022	n/a	n/a	-US$1b
Mar 31 2022	n/a	n/a	-US$1b
Dec 31 2021	US$4m	US$483k	-US$1b
Sep 30 2021	n/a	n/a	US$271m
Jun 30 2021	n/a	n/a	US$348m
Mar 31 2021	n/a	n/a	US$353m
Dec 31 2020	US$2m	US$450k	US$359m
Sep 30 2020	n/a	n/a	-US$22m
Jun 30 2020	n/a	n/a	-US$238m
Mar 31 2020	n/a	n/a	-US$190m
Dec 31 2019	US$2m	US$430k	-US$204m
Sep 30 2019	n/a	n/a	US$17m
Jun 30 2019	n/a	n/a	US$165m
Mar 31 2019	n/a	n/a	US$192m
Dec 31 2018	US$1m	US$283k	US$218m
Sep 30 2018	n/a	n/a	US$139m
Jun 30 2018	n/a	n/a	US$90m
Mar 31 2018	n/a	n/a	US$22m
Dec 31 2017	US$1m	US$270k	-US$27m

Compensation vs Market: Diana's total compensation ($USD3.48M) is about average for companies of similar size in the German market ($USD3.29M).

Compensation vs Earnings: Diana's compensation has been consistent with company performance over the past year.

CEO

Diana Charletta (50 yo)

4.8yrs

Tenure

US$3,481,119

Compensation

Ms. Diana M. Charletta serves as President, CEO and Director of EQM Midstream Partners LP since January 2024 and served as its President, Chief Operating Officer and Director until January 2024. She has be...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas Karam	Executive Chairman	5.5yrs	US$15.46m	0.33% $ 17.9m
Diana Charletta	CEO, President & Director	4.8yrs	US$3.48m	0.12% $ 6.5m
Kirk Oliver	Executive VP & CFO	5.7yrs	US$3.02m	0.069% $ 3.8m
Brian Pietrandrea	VP & Chief Accounting Officer	4.8yrs	US$992.34k	0.018% $ 978.4k
Stephen Moore	Executive VP & Chief legal Officer	5.1yrs	US$2.49m	0.058% $ 3.2m
Natalie Cox	Director of Communications & Corporate Affairs	no data	no data	no data
Nathan Tetlow	Senior Vice President of Commercial Services	no data	no data	0.023% $ 1.2m
Justin Macken	Executive Vice President of Pipeline Operations & Project Execution	no data	no data	0.027% $ 1.5m
Nathaniel DeRose	Deputy General Counsel & Corporate Secretary	no data	no data	no data
Janice Brenner	Treasurer	no data	no data	no data

4.8yrs

Average Tenure

50yo

Average Age

Experienced Management: 37W's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Karam	Executive Chairman	5.5yrs	US$15.46m	0.33% $ 17.9m
Diana Charletta	CEO, President & Director	2.1yrs	US$3.48m	0.12% $ 6.5m
D. Leland	Independent Director	4.3yrs	US$257.58k	0.013% $ 721.9k
Robert Vagt	Lead Independent Director	5.5yrs	US$396.15k	0.0061% $ 334.6k
Vicky Bailey	Independent Director	5.5yrs	US$337.86k	no data
Kenneth Burke	Independent Director	5.5yrs	US$338.65k	0.012% $ 640.5k
Norman Szydlowski	Independent Director	5.5yrs	US$279.86k	no data
Sarah Barpoulis	Independent Director	4.3yrs	US$271.30k	no data

5.5yrs

Average Tenure

67yo

Average Age

Experienced Board: 37W's board of directors are considered experienced (5.5 years average tenure).

Equitrans Midstream Management

Management criteria checks 4/4

Key information

Recent management updates

Equitrans Midstream Corporation, Annual General Meeting, Apr 23, 2024

Equitrans Midstream Corporation Announces CEO Changes Effective January 1, 2024

Insufficient new directors

Margaret K. Dorman Notifies Not to Stand for Re-Election to Equitrans Midstream Corporation's Board of Directors

Equitrans Midstream Corporation, Annual General Meeting, Apr 26, 2022

High number of new directors

Recent updates

First quarter 2024 earnings released: EPS: US$0.22 (vs US$0.20 in 1Q 2023)

Fourth quarter dividend of US$0.15 announced

Equitrans Midstream Corporation Announces Quarterly Dividend, Payable on May 15, 2024

Equitrans Midstream Corporation to Report Q1, 2024 Results on Apr 30, 2024

EQT Corporation (NYSE:EQT) entered into a definitive merger agreement to acquire Equitrans Midstream Corporation (NYSE:ETRN) for $5.9 billion.

EQT Corporation (NYSE:EQT) entered into a definitive merger agreement to acquire Equitrans Midstream Corporation (NYSE:ETRN) for $5.9 billion.

Equitrans Midstream Corporation, Annual General Meeting, Apr 23, 2024

Full year 2023 earnings released: EPS: US$0.89 (vs US$0.76 loss in FY 2022)

Equitrans Midstream Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2024

Equitrans Midstream Corporation to Report Q4, 2023 Results on Feb 20, 2024

Now 20% undervalued

Third quarter dividend of US$0.15 announced

Equitrans Midstream Corporation Announces Quarterly Dividend, Payable on February 14, 2024

Investor sentiment improves as stock rises 15%

Equitrans Midstream Corporation Provides Earnings Guidance for Full Year 2023

New major risk - Financial position

Third quarter 2023 earnings released: EPS: US$0.26 (vs US$1.20 loss in 3Q 2022)

Equitrans Midstream Corporation Announces Quarterly Dividend, Payable on November 14, 2023

Equitrans Midstream Corporation to Report Q3, 2023 Results on Oct 31, 2023

Equitrans Midstream Corporation Announces CEO Changes Effective January 1, 2024

Equitrans Midstream Corporation Provides Earnings Guidance for the Third Quarter and Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.12 (vs US$0.13 in 2Q 2022)

Equitrans Midstream Corporation Declares Quarterly Cash Dividend for the Second Quarter 2023, Payable on August 14, 2023

Equitrans Midstream Corporation to Report Q2, 2023 Results on Aug 01, 2023

Now 23% undervalued

First quarter 2023 earnings released: EPS: US$0.20 (vs US$0.20 in 1Q 2022)

Insufficient new directors

Full year 2022 earnings released: US$0.76 loss per share (vs US$3.40 loss in FY 2021)

Equitrans Midstream Corporation to Report Q4, 2022 Results on Feb 21, 2023

Equitrans Midstream Corporation Announces Dividend for the Fourth Quarter 2022, Payable on February 14, 2023

Third quarter 2022 earnings released: US$1.20 loss per share (vs US$0.17 profit in 3Q 2021)

Equitrans Midstream Corporation Provides Earnings Guidance for the Fiscal Year 2022

Equitrans Midstream Corporation Announces Dividend for the Third Quarter of 2022, Payable on November 14, 2022

Equitrans Midstream Corporation to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings released: EPS: US$0.13 (vs US$0.052 in 2Q 2021)

Equitrans Midstream Corporation Provides Earnings Guidance for the Third Quarter and Full Year 2022

Equitrans Midstream Corporation Announces Quarterly Dividend, Payable on August 12, 2022

Equitrans Midstream Corporation to Report Q2, 2022 Results on Aug 02, 2022

First quarter 2022 earnings released: EPS: US$0.20 (vs US$0.13 in 1Q 2021)

Equitrans Midstream Corporation Provides Earnings Guidance for the Second Quarter of 2022 and Fiscal 2022

Equitrans Midstream Corporation Announces Quarterly Dividends , Payable on May 13, 2022

Equitrans Midstream Corporation to Report Q1, 2022 Results on May 03, 2022

Margaret K. Dorman Notifies Not to Stand for Re-Election to Equitrans Midstream Corporation's Board of Directors

Equitrans Midstream Corporation, Annual General Meeting, Apr 26, 2022

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Equitrans Midstream Corporation to Report Fiscal Year 2021 Results on Feb 22, 2022

Investor sentiment deteriorated over the past week

High number of new directors

Third quarter 2021 earnings released: EPS US$0.17 (vs US$0.35 in 3Q 2020)

Upcoming dividend of US$0.15 per share

Equitrans Midstream Corporation Reports Impairments of Long-Lived Assets for the Second Quarter Ended June 30, 2021

Second quarter 2021 earnings released: EPS US$0.052 (vs US$0.10 in 2Q 2020)

Equitrans Midstream Corporation(NYSE:ETRN) dropped from Russell 2500 Growth Index

First quarter 2021 earnings released: EPS US$0.13 (vs US$0.28 in 1Q 2020)

Equitrans Midstream Corporation Provides Earnings Guidance for the Second Quarter and Full Year 2021

Equitrans Midstream Corporation, Annual General Meeting, Apr 27, 2021

Revenue misses expectations

Full year 2020 earnings released: EPS US$1.23 (vs US$0.80 loss in FY 2019)

New 90-day low: €5.45

Equitrans Midstream Corporation to Report Q4, 2020 Results on Feb 23, 2021

New 90-day low: €5.80

Revenue misses expectations

Third quarter 2020 earnings released: EPS US$0.35

New 90-day low: €6.70

Equitrans Midstream Corporation to Report Q3, 2020 Results on Nov 03, 2020

New 90-day low: €7.05

New 90-day high - €8.80

First half earnings released

Equitrans Midstream Corporation (NYSE:ETRN) completed the acquisition of the remaining 40.1% stake in EQM Midstream Partners, LP (NYSE:EQM) from EQT Corporation (NYSE:EQT) and others.