ETRN Stock Overview
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin.
Equitrans Midstream Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.26|
|52 Week High||US$11.52|
|52 Week Low||US$6.23|
|1 Month Change||-20.42%|
|3 Month Change||-23.23%|
|1 Year Change||27.47%|
|3 Year Change||-60.23%|
|5 Year Change||n/a|
|Change since IPO||-57.64%|
Recent News & Updates
Does Equitrans Midstream (NYSE:ETRN) Have A Healthy Balance Sheet?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Equitrans Midstream: There's More To Win Than To Lose, 50%+ Upside
Equitrans Midstream stands out for still offering significant growth prospects on the horizon in an industry that has largely axed capital expenditure. When their trio of growth projects become operational in the coming two years, it stands to boost their adjusted EBITDA by upwards of 30%. This should also boost their free cash flow significantly and thus allow their dividends to at least be doubled. Based upon my Monte Carlo Simulations, investors only face a 16% downside even in a bearish scenario with zero growth but see over a 50% upside in a bullish scenario where their dividends double. Since this means that there is more to win than to lose with favorably skewed results, I continue believing that my bullish rating is appropriate.
|ETRN||US Oil and Gas||US Market|
Return vs Industry: ETRN underperformed the US Oil and Gas industry which returned 55.4% over the past year.
Return vs Market: ETRN exceeded the US Market which returned 3.3% over the past year.
|ETRN Average Weekly Movement||6.8%|
|Oil and Gas Industry Average Movement||7.3%|
|Market Average Movement||6.7%|
|10% most volatile stocks in US Market||15.4%|
|10% least volatile stocks in US Market||2.4%|
Stable Share Price: ETRN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: ETRN's weekly volatility (7%) has been stable over the past year.
About the Company
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water Service System. The Gathering System segment include 1,130 miles of high-pressure gathering lines with compression of approximately 485,000 horsepower and multiple interconnect points; and approximately 910 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines.
Equitrans Midstream Fundamentals Summary
|ETRN fundamental statistics|
Is ETRN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ETRN income statement (TTM)|
|Cost of Revenue||US$151.12m|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.63|
|Net Profit Margin||18.86%|
How did ETRN perform over the long term?See historical performance and comparison
7.3%Current Dividend Yield
Is Equitrans Midstream undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ETRN ($8.26) is trading below our estimate of fair value ($24.01)
Significantly Below Fair Value: ETRN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ETRN is good value based on its PE Ratio (13.2x) compared to the US Oil and Gas industry average (17.9x).
PE vs Market: ETRN is good value based on its PE Ratio (13.2x) compared to the US market (16.4x).
Price to Earnings Growth Ratio
PEG Ratio: ETRN is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: ETRN is good value based on its PB Ratio (1.1x) compared to the US Oil and Gas industry average (2.1x).
How is Equitrans Midstream forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ETRN's forecast earnings growth (31.1% per year) is above the savings rate (2%).
Earnings vs Market: ETRN's earnings (31.1% per year) are forecast to grow faster than the US market (12.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ETRN's revenue (5.7% per year) is forecast to grow slower than the US market (9.1% per year).
High Growth Revenue: ETRN's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ETRN's Return on Equity is forecast to be low in 3 years time (14.8%).
How has Equitrans Midstream performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ETRN has high quality earnings.
Growing Profit Margin: ETRN became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ETRN's earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: ETRN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ETRN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (17.4%).
Return on Equity
High ROE: ETRN's Return on Equity (7.9%) is considered low.
How is Equitrans Midstream's financial position?
Financial Position Analysis
Short Term Liabilities: ETRN's short term assets ($485.8M) exceed its short term liabilities ($318.2M).
Long Term Liabilities: ETRN's short term assets ($485.8M) do not cover its long term liabilities ($8.2B).
Debt to Equity History and Analysis
Debt Level: ETRN's net debt to equity ratio (158.6%) is considered high.
Reducing Debt: Insufficient data to determine if ETRN's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: ETRN's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: ETRN's interest payments on its debt are not well covered by EBIT (2.2x coverage).
What is Equitrans Midstream current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ETRN's dividend (7.26%) is higher than the bottom 25% of dividend payers in the US market (1.36%).
High Dividend: ETRN's dividend (7.26%) is in the top 25% of dividend payers in the US market (3.56%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, ETRN has been paying a dividend for less than 10 years.
Growing Dividend: ETRN has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (95.8%), ETRN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ETRN's dividends in 3 years are forecast to be well covered by earnings (30.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Karam (62 yo)
Mr. Thomas F. Karam, also known as Tom, serves as Chief Executive Officer of EQM Midstream Services, LLC since August 8, 2020. Mr. Karam is Senior Vice President, Chief Executive Officer and President of M...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD4.66M) is about average for companies of similar size in the US market ($USD5.25M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Experienced Management: ETRN's management team is considered experienced (3.3 years average tenure).
Experienced Board: ETRN's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Equitrans Midstream Corporation's employee growth, exchange listings and data sources
- Name: Equitrans Midstream Corporation
- Ticker: ETRN
- Exchange: NYSE
- Founded: 2018
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Implied Market Cap: US$3.572b
- Shares outstanding: 432.50m
- Website: https://www.equitransmidstream.com
Number of Employees
- Equitrans Midstream Corporation
- 2200 Energy Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/27 00:13|
|End of Day Share Price||2022/01/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.