Equitrans Midstream Corporation (NYSE:ETRN) declared 2Q20 dividend of $ 0.15 per share, or $ 0.60 annualized.
The dividend will be payable on August 13, 2020, to stockholders of record on August 4, 2020, with an ex-dividend date of August 3, 2020.
Dividends History
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Recent Earnings Announcement
Equitrans Midstream Corporation reported income for the first quarter of $ 0.46 per share, from the revenue of $ 453.11 million. The quarterly earnings elevated 109.09 percent while revenues hiked 16.25 percent compared with the same quarter last year.
Street analysts expected Equitrans Midstream Corporation to report income of $ 0.34 per share on revenue of $ 382.78 million for the first quarter. The bottom line results beat street analysts by $ 0.12 or 35.29 percent, at the same time, top line results outshined analysts by $ 70.33 million or 18.37 percent.
Stock Performance
According to the previous trading day, closing price of ETRN was $ 9.84, representing a 162.40 % increase from the 52 week low of $ 3.75 and a 46.9 % decrease over the 52 week high of $ 18.53.
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The company has a market capital of $ 4.26 billion and is part of the Energy sector and Oil & Gas Midstream industry.
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering System, Transmission and Storage System, and Water System. The Gathering System segment include 700 miles of high-pressure gathering lines with compression of approximately 333,000 horsepower and multiple interconnect points; and approximately 1,500 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines.
