ETRN - Equitrans Midstream Non-GAAP EPS of $0.22 beats by $0.10 revenue of $376.34M beats by $15.61M

2023-05-02 06:34:53 ET

• Equitrans Midstream press release ( NYSE: ETRN ): Q1 Non-GAAP EPS of $0.22 beats by $0.10 .
• Revenue of $376.34M (+10.0% Y/Y) beats by $15.61M .
• Operating revenue for the first quarter 2023 increased by $34.2 million compared to the same quarter last year, primarily as a result of approximately $23.8 million in a one-time transmission contract buyout, a $5.0 million one-time gathering contract buyout, higher water services revenue, and partly offset by lower gathered volumes.
• Full-Year 2023 Financial Outlook: Net income of $330M - $410M; Adjusted EBITDA of $990M - $1070M.

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