Equitrans Midstream Quarterly Income Statements Chart
Quarterly
|
Annual
Equitrans Midstream Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| operating revenues | 361,595,000 | 364,274,000 | 360,609,000 | 338,514,000 | 318,469,000 | 376,337,000 | 355,239,000 | 331,751,000 | 328,611,000 | 342,146,000 | 246,672,000 | 342,074,000 | 348,295,000 | 379,996,000 | 367,122,000 | 350,000,000 | 340,590,000 | 453,113,000 | 425,859,000 | 408,434,000 | 406,167,000 | 389,782,000 | 384,791,000 | 364,584,000 |
| operating expenses: | ||||||||||||||||||||||||
| operating and maintenance | 48,006,000 | 45,228,000 | 46,297,000 | 43,046,000 | 45,767,000 | 42,862,000 | 54,094,000 | 35,297,000 | 32,442,000 | 32,834,000 | 42,422,000 | 38,743,000 | 38,162,000 | 34,099,000 | 40,119,000 | 33,905,000 | 41,663,000 | 38,422,000 | 47,907,000 | 43,021,000 | 46,556,000 | 27,883,000 | 44,658,000 | 48,092,000 |
| selling, general and administrative | 45,653,000 | 44,329,000 | 42,193,000 | 55,627,000 | 56,932,000 | 32,622,000 | 37,989,000 | 33,348,000 | 29,009,000 | 28,126,000 | 34,111,000 | 33,560,000 | 35,482,000 | 35,494,000 | 35,783,000 | 31,626,000 | 32,821,000 | 29,739,000 | 29,362,000 | 24,151,000 | 27,224,000 | 32,178,000 | 41,216,000 | 27,380,000 |
| transaction costs | 2,011,000 | 5,684,000 | 11,998,750 | 16,681,000 | ||||||||||||||||||||
| depreciation | 73,188,000 | 71,672,000 | 70,603,000 | 69,348,000 | 70,031,000 | 69,404,000 | 68,923,000 | 68,572,000 | 67,657,000 | 67,043,000 | 66,450,000 | 66,021,000 | 69,315,000 | 68,618,000 | 68,342,000 | 66,772,000 | 63,151,000 | 61,348,000 | 60,634,000 | 59,460,000 | 56,759,000 | 50,511,000 | 48,586,000 | 43,722,000 |
| amortization of intangible assets | 16,205,000 | 16,205,000 | 16,205,000 | 16,204,000 | 16,205,000 | 16,205,000 | 16,205,000 | 16,204,000 | 16,205,000 | 16,205,000 | 16,205,000 | 16,204,000 | 16,205,000 | 16,205,000 | 16,205,000 | 16,204,000 | 16,205,000 | 14,581,000 | 14,581,000 | 14,540,000 | 13,750,000 | 10,387,000 | 10,387,000 | 10,387,000 |
| total operating expenses | 185,063,000 | 183,118,000 | 175,298,000 | 184,225,000 | 188,935,000 | 161,093,000 | 177,211,000 | 153,421,000 | 145,313,000 | 144,208,000 | 159,188,000 | 154,528,000 | 215,342,000 | 154,416,000 | 160,449,000 | 149,491,000 | 165,293,000 | 211,031,000 | 737,622,000 | 446,887,000 | 239,992,000 | 129,741,000 | 444,237,000 | 146,262,000 |
| operating income | 176,532,000 | 181,156,000 | 185,311,000 | 154,289,000 | 129,534,000 | 215,244,000 | 178,028,000 | 178,330,000 | 183,298,000 | 197,938,000 | 87,484,000 | 187,546,000 | 132,953,000 | 225,580,000 | 206,673,000 | 200,509,000 | 175,297,000 | 242,082,000 | -311,763,000 | -38,453,000 | 166,175,000 | 260,041,000 | -59,446,000 | 218,322,000 |
| yoy | 36.28% | -15.84% | 4.09% | -13.48% | -29.33% | 8.74% | 103.50% | -4.91% | 37.87% | -12.25% | -57.67% | -6.47% | -24.16% | -6.82% | -166.29% | -621.44% | 5.49% | -6.91% | 424.45% | -117.61% | ||||
| qoq | -2.55% | -2.24% | 20.11% | 19.11% | -39.82% | 20.90% | -0.17% | -2.71% | -7.40% | 126.26% | -53.35% | 41.06% | -41.06% | 9.15% | 3.07% | 14.38% | -27.59% | -177.65% | 710.76% | -123.14% | -36.10% | -537.44% | -127.23% | |
| operating margin % | ||||||||||||||||||||||||
| equity income | 18,814,000 | 73,005,000 | 77,597,000 | 73,810,000 | 23,686,000 | 122,000 | 77,000 | 48,000 | 39,000 | 4,000 | 3,194,000 | 8,461,000 | 5,921,000 | 3,000 | 62,600,000 | 60,917,000 | 56,244,000 | 54,072,000 | 50,986,000 | 44,448,000 | 36,782,000 | 31,063,000 | 25,942,000 | 16,087,000 |
| other income | 3,602,000 | -3,976,000 | -5,448,000 | -3,037,000 | 19,809,000 | -8,102,000 | -7,543,000 | 893,000 | 14,173,000 | 6,348,000 | -54,355,000 | 21,199,000 | 9,453,000 | 7,599,000 | -21,781,000 | 21,864,000 | 12,979,000 | 4,163,000 | 24,000 | 70,000 | 706,000 | 1,861,000 | 1,818,000 | 1,345,000 |
| net interest expense | -120,129,000 | -118,896,000 | -111,949,000 | -106,334,000 | -103,644,000 | -104,957,000 | -105,010,000 | -101,085,000 | -95,117,000 | -93,121,000 | -663,537,000 | 94,101,000 | 95,642,000 | 95,144,000 | 87,420,000 | 86,411,000 | 66,795,000 | 66,754,000 | 67,927,000 | 65,606,000 | 61,713,000 | 60,949,000 | 46,606,000 | 36,862,000 |
| income before income taxes | 78,819,000 | 131,289,000 | 145,511,000 | 118,728,000 | 69,385,000 | 102,307,000 | 65,552,000 | -504,871,000 | 77,456,000 | 111,169,000 | -1,983,842,000 | 123,105,000 | 52,685,000 | 97,013,000 | 160,072,000 | 196,879,000 | 177,725,000 | 208,699,000 | -328,680,000 | -59,541,000 | 141,950,000 | 232,016,000 | -78,292,000 | 198,892,000 |
| income tax benefit | 7,105,000 | 19,400,000 | 465,000 | |||||||||||||||||||||
| net income | 71,714,000 | 111,889,000 | 150,039,000 | 129,704,000 | 68,920,000 | 106,091,000 | 67,744,000 | -503,596,000 | 73,806,000 | 104,908,000 | -1,573,571,000 | 90,905,000 | 40,121,000 | 76,597,000 | 136,587,000 | 168,439,000 | 143,458,000 | 189,560,000 | -333,516,000 | -61,489,000 | 130,480,000 | 199,566,000 | -118,040,000 | 185,966,000 |
| yoy | 4.05% | 5.47% | 121.48% | -125.76% | -6.62% | 1.13% | -104.31% | -653.98% | 83.96% | 36.96% | -1252.06% | -46.03% | -72.03% | -59.59% | -140.95% | -373.93% | 9.95% | -5.01% | 182.54% | -133.06% | ||||
| qoq | -35.91% | -25.43% | 15.68% | 88.20% | -35.04% | 56.61% | -113.45% | -782.32% | -29.65% | -106.67% | -1831.01% | 126.58% | -47.62% | -43.92% | -18.91% | 17.41% | -24.32% | -156.84% | 442.40% | -147.13% | -34.62% | -269.07% | -163.47% | |
| net income margin % | ||||||||||||||||||||||||
| net income attributable to noncontrolling interest | 1,325,000 | 2,890,000 | 1,169,000 | 2,272,000 | 1,675,000 | 4,409,000 | ||||||||||||||||||
| net income attributable to equitrans midstream | 70,389,000 | 108,999,000 | 148,870,000 | 127,432,000 | 67,245,000 | 101,682,000 | 66,195,000 | -506,528,000 | 69,858,000 | 101,133,000 | -1,577,622,000 | 87,348,000 | 37,113,000 | 72,683,000 | 132,440,000 | 164,466,000 | 56,494,000 | 69,732,000 | 16,248,750 | -65,825,000 | 74,521,000 | 56,299,000 | 66,655,250 | 82,825,000 |
| preferred dividends | 20,516,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 14,628,000 | 29,504,000 | |||||||
| net income attributable to equitrans midstream common shareholders | 49,873,000 | 94,371,000 | 134,242,000 | 112,804,000 | 52,617,000 | 87,054,000 | 51,567,000 | -521,156,000 | 55,230,000 | 86,505,000 | -1,592,250,000 | 72,720,000 | 22,485,000 | 58,055,000 | 117,812,000 | 149,838,000 | 26,990,000 | |||||||
| earnings per share of common stock attributable to equitrans midstream common shareholders - basic | 0.11 | 0.22 | 0.31 | 0.26 | 0.12 | 0.2 | 0.12 | -1.2 | 0.13 | 0.2 | -3.67 | 0.17 | 0.05 | 0.13 | 0.28 | 0.35 | ||||||||
| earnings per share of common stock attributable to equitrans midstream common shareholders - diluted | 0.11 | 0.21 | 0.31 | 0.26 | 0.12 | 0.2 | 0.12 | -1.2 | 0.13 | 0.2 | -3.67 | 0.17 | 0.05 | 0.13 | 0.28 | 0.35 | ||||||||
| weighted-average common shares outstanding - basic | 434,606 | 434,497 | 433,963 | 434,080 | 433,961 | 433,707 | 433,341 | 433,348 | 433,333 | 433,318 | 433,008 | 433,017 | 433,003 | 432,983 | 343,935 | 432,773 | 260,883 | 248,591 | ||||||
| weighted-average common shares outstanding - diluted | 441,771 | 440,561 | 436,132 | 439,034 | 435,476 | 434,254 | 433,341 | 433,348 | 434,025 | 433,913 | 433,008 | 433,675 | 433,464 | 433,158 | 343,975 | 432,821 | 260,883 | 248,591 | ||||||
| statement of comprehensive income: | ||||||||||||||||||||||||
| other comprehensive income, net of tax: | ||||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 6, 7, 12, and 14 | 20 | |||||||||||||||||||||||
| other comprehensive income | 20 | 20 | -6 | 22 | 22 | 22 | 618 | 36 | 34 | 34 | 25.75 | 34 | 35 | 34 | 22.5 | 30 | 30 | 30 | -63 | 21 | 22 | |||
| comprehensive income | 71,734 | 111,909 | 150,033 | 129,726 | 68,942 | 106,113 | 68,362 | -503,560 | 73,840 | 104,942 | -1,573,849 | 90,939 | 40,156 | 76,631 | 136,294 | 168,469 | 143,488 | 189,590 | -333,781 | -61,468 | 130,502 | 199,271 | ||
| less: comprehensive income attributable to noncontrolling interest | 1,325 | 2,890 | 1,169 | 2,272 | 1,675 | 4,409 | ||||||||||||||||||
| less: comprehensive income attributable to preferred dividends | 20,516 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 14,628 | 29,504 | |||||||
| comprehensive income attributable to equitrans midstream common shareholders | 49,893 | 94,391 | 134,236 | 112,826 | 52,639 | 87,076 | 52,185 | -521,120 | 55,264 | 86,539 | -1,592,528 | 72,754 | 22,520 | 58,089 | 117,519 | 149,868 | 27,020 | |||||||
| dividends declared per common share | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.45 | 0.45 | 0.45 | 0.45 | ||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 6 and 7 | 20 | |||||||||||||||||||||||
| impairment of equity method investment | -145,764,250 | -583,057,000 | ||||||||||||||||||||||
| loss on extinguishment of debt | -24,937,000 | -82,050,000 | 41,025,000 | |||||||||||||||||||||
| income tax (benefit) expense | -4,528,000 | -10,976,000 | -3,784,000 | 2,159,000 | -1,275,000 | |||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 7, 10, 21 and 34 | 16.5 | 22 | ||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 7, 12, 14 and 24 | 22 | |||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 7 and 12 | 22 | |||||||||||||||||||||||
| impairment of long-lived assets | 80,135,000 | |||||||||||||||||||||||
| net income attributable to noncontrolling interests | 1,549,000 | 2,932,000 | 3,948,000 | 3,775,000 | 4,051,000 | 3,557,000 | 3,008,000 | 3,914,000 | 4,147,000 | 3,973,000 | 86,964,000 | 119,828,000 | 50,890,500 | 4,336,000 | 55,959,000 | |||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 10, 12, 34, and 36 | 26 | 36 | ||||||||||||||||||||||
| less: comprehensive income attributable to noncontrolling interests | 1,549 | 2,932 | 3,948 | 3,775 | 4,051 | 3,557 | 3,008 | 3,914 | 4,147 | 3,973 | 86,964 | 119,828 | -64,778 | 4,336 | 55,959 | 143,267 | ||||||||
| income tax expense | 3,650,000 | 6,261,000 | 16,295,000 | 32,200,000 | 12,564,000 | 20,416,000 | 23,485,000 | 28,440,000 | 34,267,000 | 19,139,000 | 4,836,000 | 1,948,000 | 11,470,000 | 32,450,000 | 39,748,000 | 12,926,000 | ||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 12, 12, 24, and 24 | 34 | |||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 12 and 12 | 34 | |||||||||||||||||||||||
| impairments of long-lived assets | 56,178,000 | 55,581,000 | 583,664,000 | 305,459,000 | ||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 12, 10, 36, and 30 | 25.75 | 34 | ||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 12, 10, 24, and 20 | 35 | |||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 12 and 10 | 34 | |||||||||||||||||||||||
| separation and other transaction costs | 984,000 | 11,453,000 | 11,360,000 | 1,474,000 | 256,000 | 15,568,000 | 8,782,000 | |||||||||||||||||
| loss on early extinguishment of debt | 24,864,000 | |||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 10, 7, 30 and 22 | 22.5 | 30 | ||||||||||||||||||||||
| earnings per share of common stock attributable to equitrans midstream - basic | 0.1 | 0.28 | ||||||||||||||||||||||
| earnings per share of common stock attributable to equitrans midstream - diluted | 0.1 | 0.28 | ||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 10, 7, 20 and 15 | 30 | |||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 10 and 8 | 30 | |||||||||||||||||||||||
| comprehensive income attributable to equitrans midstream | 69,762 | 16,185.75 | -65,804 | 74,543 | ||||||||||||||||||||
| earnings per share of common stock attributable to equitrans midstream: | ||||||||||||||||||||||||
| basic: | ||||||||||||||||||||||||
| weighted-average common stock outstanding | 254,884 | 254,915 | 254,917 | 254,776 | 254,432 | |||||||||||||||||||
| diluted: | ||||||||||||||||||||||||
| 2019 pension and other post-retirement benefits liability adjustment, net of tax expense of 7 and 22 | -63 | 21 | ||||||||||||||||||||||
| 2019 pension and other post-retirement benefits liability adjustment, net of tax expense of 7 and 15 | 22 | |||||||||||||||||||||||
| less: net income attributable to noncontrolling interests | 143,267,000 | -69,817,000 | 103,141,000 | |||||||||||||||||||||
| earnings per share of common stock attributable to equitrans midstream corporation: | ||||||||||||||||||||||||
| other comprehensive loss, net of tax: | ||||||||||||||||||||||||
| pension and other post-retirement benefits liability adjustment, net of tax expense of 8 | -295 | |||||||||||||||||||||||
| other comprehensive loss | -295 | |||||||||||||||||||||||
| comprehensive income attributable to equitrans midstream corporation | 56,004 |
We provide you with 20 years income statements for Equitrans Midstream stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Equitrans Midstream stock. Explore the full financial landscape of Equitrans Midstream stock with our expertly curated income statements.
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