Equitrans Midstream (ETRN) Misses Q4 EPS by 3c
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Equitrans Midstream (NYSE: ETRN) reported Q4 EPS of $0.31, $0.03 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $367.12 million versus the consensus estimate of $382.19 million.
FINANCIAL OUTLOOK:
$ millions | Q1 2021 | |
Net income | $45 - $65 | |
Adjusted EBITDA | $280 - $300 | |
Deferred revenue | $72 |
$ millions | Full-Year 2021 | |
Net income | $335 - $405 | |
Adjusted EBITDA | $1,035 - $1,105 | |
Deferred revenue | $295 | |
Free cash flow | $(180) - $(110) | |
Retained free cash flow | $(440) - $(370) |
CAPITAL EXPENDITURES AND CAPITAL CONTRIBUTIONS OUTLOOK
$ millions |
| Full-Year 2021 |
MVP |
| $670 - $720 |
Gathering(1) |
| $305 - $335 |
Transmission(2) |
| $45 - $65 |
Water |
| $20 |
Total |
| $1,040 - $1,140 |
| (1) | Includes approximately $30 million from ETRN’s 60% interest in Eureka. |
| (2) | Includes capital contributions of approximately $20 million to MVP JV for the MVP Southgate project. |
For earnings history and earnings-related data on Equitrans Midstream (ETRN) click here.
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