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Equitrans Midstream Past Earnings Performance
Past criteria checks 3/6
Equitrans Midstream's earnings have been declining at an average annual rate of -3.1%, while the Oil and Gas industry saw earnings growing at 20.4% annually. Revenues have been declining at an average rate of 4% per year. Equitrans Midstream's return on equity is 21%, and it has net margins of 27.5%.
Key information
-3.1%
Earnings growth rate
-1.7%
EPS growth rate
| Oil and Gas Industry Growth | 37.3% |
| Revenue growth rate | -4.0% |
| Return on equity | 21.0% |
| Net Margin | 27.5% |
| Last Earnings Update | 30 Jun 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Equitrans Midstream makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 1,425 | 391 | 188 | 0 |
| 31 Mar 24 | 1,382 | 394 | 199 | 0 |
| 31 Dec 23 | 1,394 | 387 | 187 | 0 |
| 30 Sep 23 | 1,389 | 318 | 182 | 0 |
| 30 Jun 23 | 1,382 | -315 | 159 | 0 |
| 31 Mar 23 | 1,392 | -321 | 131 | 0 |
| 31 Dec 22 | 1,358 | -328 | 128 | 0 |
| 30 Sep 22 | 1,249 | -2,017 | 125 | 0 |
| 30 Jun 22 | 1,260 | -1,424 | 125 | 0 |
| 31 Mar 22 | 1,279 | -1,448 | 131 | 0 |
| 31 Dec 21 | 1,317 | -1,470 | 137 | 0 |
| 30 Sep 21 | 1,437 | 271 | 140 | 0 |
| 30 Jun 21 | 1,445 | 348 | 138 | 0 |
| 31 Mar 21 | 1,438 | 353 | 136 | 0 |
| 31 Dec 20 | 1,511 | 359 | 130 | 0 |
| 30 Sep 20 | 1,570 | -22 | 124 | 0 |
| 30 Jun 20 | 1,628 | -238 | 116 | 0 |
| 31 Mar 20 | 1,694 | -190 | 110 | 0 |
| 31 Dec 19 | 1,630 | -204 | 113 | 0 |
| 30 Sep 19 | 1,589 | 17 | 125 | 0 |
| 30 Jun 19 | 1,545 | 165 | 128 | 0 |
| 31 Mar 19 | 1,514 | 192 | 129 | 0 |
| 31 Dec 18 | 1,495 | 218 | 124 | 0 |
| 30 Sep 18 | 1,403 | 139 | 109 | 0 |
| 30 Jun 18 | 1,244 | 90 | 101 | 0 |
| 31 Mar 18 | 1,068 | 22 | 90 | 0 |
| 31 Dec 17 | 896 | -27 | 80 | 0 |
| 31 Dec 16 | 732 | 65 | 76 | 0 |
| 31 Dec 15 | 633 | 174 | 64 | 0 |
Quality Earnings: 37W has high quality earnings.
Growing Profit Margin: 37W became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: 37W has become profitable over the past 5 years, growing earnings by -3.1% per year.
Accelerating Growth: 37W has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: 37W has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-24.9%).
Return on Equity
High ROE: Whilst 37W's Return on Equity (21.03%) is high, this metric is skewed due to their high level of debt.