Equitrans Midstream (ETRN) Misses Q2 EPS by 15c, Revenues Miss; Raises FY20 Estimated Adj. EBITDA & Cash Flow Guidance
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Equitrans Midstream Announces Second Quarter 2020 Results
August 4, 2020 6:30 AM EDTCANONSBURG, Pa.--(BUSINESS WIRE)-- Equitrans Midstream Corporation (NYSE: ETRN), today, announced financial and operational results for the second quarter 2020.
Q2 2020 Highlights:
Generated $344 million of net cash provided by operating activities Achieved $155 million of free cash flow and $88 million of retained free cash flow Recorded 72% of total operating revenue from firm reservation fees Raised full-year 2020 estimated adjusted EBITDA and cash flow guidanceThis quarter begins to show the benefits of our recent transformative actions and the financial discipline necessary to... More
