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home / news releases / ETRN - Midstream/MLPs: Leverage Reductions Paying Off In 2020

ETRN - Midstream/MLPs: Leverage Reductions Paying Off In 2020

Equitrans Midstream Corporation
  • The average leverage ratio for the AMZI dropped from 4.35x in 2016 to 4.03x in 3Q20 and from 4.24x to 3.91x for AMNA during the same period.
  • Leverage has trended down in 2020 as company actions prioritizing financial discipline and resilient earnings drove balance sheet improvements.
  • In addition to improving flexibility during volatile periods, reducing leverage is a prerequisite to shareholder-friendly returns of capital such as buybacks and will likely remain an area for continued progress for many names going forward.

For further details see:

Midstream/MLPs: Leverage Reductions Paying Off In 2020
Stock Information
Company Name: Equitrans Midstream Corporation
Stock Symbol: ETRN
Market: NYSE
Website: equitransmidstream.com
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