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Financial Snapshot

Revenue
TTM
$1.425B
Gross Margin
TTM
87.34%
Net Income
TTM
$426.4M
Current Assets
2024 Q2
Current Liabilities
2024 Q2
Current Ratio
2024 Q2
68.09%
Total Assets
2024 Q2
Total Liabilities
2024 Q2
Book Value
2024 Q2
$2.203B
Cash
2024 Q2
P/E
TTM
12.73
Free Cash Flow
TTM
$370.7M

Stock Price

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Market Cap: $5.4267 Billion

About Midstream Co LLC

Equitrans Midstream Corp. engages in the provision of midstream services. The company is headquartered in Pittsburgh, Pennsylvania and currently employs 773 full-time employees. The company went IPO on 2018-10-31. The firm owns, operates, acquires and develops midstream assets in and originating from the Appalachian Basin. The company provides midstream services to its customers in Pennsylvania, West Virginia and Ohio through its three primary assets: the gathering system, transmission system and water network. The firm operates through three segments: Gathering, Transmission and Water. The Gathering segment includes predominantly dry gas gathering systems of high-pressure gathering lines. The Transmission segment includes Federal Energy Regulatory Commission (FERC) regulated interstate pipelines and storage systems. The Water segment primarily consists of water pipelines, storage, and other facilities that support well completion activities and produce water handling activities. The firm provides a majority of its natural gas gathering, transmission and storage services and water services under long-term contracts.

Industry: Natural Gas Transmission Peers: Kinetik Holdings Inc Antero Midstream Corp Crestwood Equity Partners LP Delek Logistics Partners LP DT Midstream Inc EnLink Midstream, LLC Enterprise Products Partners L.P Excelerate Energy Inc Hess Midstream LP RATTLER MIDSTREAM LP

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