ETRN - Energy Company Equitrans Midstream Reports 2% Revenue Growth In Q3 Breezes Past Expectations | Benzinga
Equitrans Midstream Corp (NYSE: ETRN) reported third-quarter FY23 operating revenue growth of 2% year-over-year to $338.51 million, beating the estimate of $326.44 million.
The company attributes revenue growth to increased transmission usage volumes and higher water volumes, partially offset by lower gathering revenue.
Adjusted EPS was $0.28, up from $0.09 in 3Q22, beating the estimate of $0.11.
Operating income declined by 13.5% Y/Y to $154.29 million, and the margin contracted 818 bps to 45.6%. Adjusted EBITDA for the quarter was $249.88 ...