Equitrans Midstream: Q1 Earnings Snapshot
CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Equitrans Midstream Corporation (ETRN) on Tuesday reported first-quarter earnings of $109 million.
CANONSBURG, Pa. (AP) — CANONSBURG, Pa. (AP) — Equitrans Midstream Corporation (ETRN) on Tuesday reported first-quarter earnings of $109 million.
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On a per-share basis, the Canonsburg, Pennsylvania-based company said it had net income of 21 cents. Earnings, adjusted for non-recurring costs, came to 23 cents per share.
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The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The company posted revenue of $364.3 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $368.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ETRN at https://www.zacks.com/ap/ETRN