Equitrans Midstream dividend – Equitrans Midstream Declares Quarterly Dividends
October 28, 2023
🌥️Trending News
Equitrans Midstream ($NYSE:ETRN) recently declared quarterly dividends for their stockholders. Equitrans Midstream is a company that provides natural gas transportation, storage, gathering and processing services to customers in the Appalachian basin. They are also the owner and operator of an interstate pipeline system that serves major metropolitan areas.
With a strong portfolio of assets, Equitrans Midstream is an attractive option for investors looking to earn dividend income from the company. The quarterly dividend payout is just another testament to the strength of the company and its commitment to providing long-term value for shareholders.
Dividends – Equitrans Midstream dividend
EQUITRANS MIDSTREAM recently announced that it will be issuing quarterly dividends of 0.6 USD per share for the next 3 years. This marks an impressive dividend yield of 8.98%, 7.23%, and 6.96% for 2021, 2022, and 2023 respectively, with an average dividend yield of 7.72%. This makes it a strong contender for stock investors who are looking for reliable dividend stocks. For those seeking to bolster their portfolio with dividend stocks, EQUITRANS MIDSTREAM could be a great option to consider.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equitrans Midstream. More…
| Total Revenues | Net Income | Net Margin |
| 1.38k | -314.84 | 22.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equitrans Midstream. More…
| Operations | Investing | Financing |
| 832.08 | -534.46 | -305.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equitrans Midstream. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.73k | 8.63k | 3.77 |
Key Ratios Snapshot
Some of the financial key ratios for Equitrans Midstream are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -5.3% | -12.1% | 11.9% |
| FCF Margin | ROE | ROA |
| 32.3% | 6.3% | 1.0% |
Share Price
The stock opened at $8.7 and closed at $8.9, up by 2.2% from the last closing price of 8.8. This is in line with the company’s objective to reward shareholders with a consistent dividend income. This dividend reflects the confidence of the board of directors in the company’s continued financial performance and stability. Live Quote…
Analysis
As GoodWhale, we have conducted an analysis of EQUITRANS MIDSTREAM‘s fundamentals. Our Star Chart has rated EQUITRANS MIDSTREAM an intermediate health score of 6/10 with regards to its cashflows and debt, giving us confidence that the company can sustain future operations even in times of crisis. Specifically, EQUITRANS MIDSTREAM is strong in dividend, medium in growth, profitability and weak in asset. We have classified EQUITRANS MIDSTREAM as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Therefore, we believe that those looking for moderate returns and stability may be interested in investing in EQUITRANS MIDSTREAM. The company’s impressive cashflow position and moderate growth outlook makes it a strong potential investment for conservative investors looking for a reliable source of income. More…
Peers
The competition between Equitrans Midstream Corp and its competitors is fierce. Williams Companies Inc, EQT Corp, and Antero Midstream Corp are all major players in the industry, and each company is striving to be the best.
– Williams Companies Inc ($NYSE:WMB)
The Williams Companies, Inc. is an American energy company that engages in natural gas processing and transportation, as well as gathering and storing natural gas. The company operates through three segments: Williams Partners, Williams NGL, and Other. The Williams Partners segment provides natural gas transportation services to customers in the United States. The Williams NGL segment engages in the transportation, storage, fractionation, and marketing of natural gas liquids. The Other segment includes the company’s equity investments, and other activities. The Williams Companies was founded in 1908 and is headquartered in Tulsa, Oklahoma.
– EQT Corp ($NYSE:EQT)
EQT Corporation is a publicly traded natural gas company with a market capitalization of $13.99 billion as of 2022. The company has a return on equity of -5.33%. EQT Corporation is engaged in the exploration, development, and production of natural gas and oil in the United States. The company was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.
– Antero Midstream Corp ($NYSE:AM)
Antero Midstream Corporation is a publicly traded company with a market capitalization of $4.93 billion as of March 2022. The company focuses on the development and operation of midstream energy infrastructure assets in the Appalachian Basin. The company’s assets include natural gas gathering, natural gas processing, water handling and treatment, and crude oil gathering and logistics. Antero Midstream’s return on equity was 17.29% as of March 2022.
Summary
Equitrans Midstream (EQM) has recently declared a quarterly dividend to shareholders. This indicates a positive outlook for investors looking to invest in the company. Analyzing the financials of EQM reveals a strong balance sheet with healthy liquidity and minimal debt. The company’s cash flow is also strong, providing further support for the sustainability of its dividend.
Furthermore, EQM’s stock price has been increasing steadily, providing further evidence of its value. Overall, investors may view EQM as a viable option for long-term growth.
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