Skip to Content
Morningstar

Equitrans Midstream Corp ETRN

Morningstar Rating
Unlock
Stock XNYS Rating as of
$14.18 +0.28 (2.01%)
View Full Chart
As of Delayed Price Post-Trading: $14.78 +0.59
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Finding Undervalued Opportunities From AI and Data Center Demand in E&Ps and Midstream

Stephen Ellis

We think AI and data center demand offers a potentially sizable growth opportunity across our US E&P and US & Canadian midstream coverage list. We consider Chart Industries, Energy Transfer, Enbridge, Kinder Morgan, and TC Energy as undervalued ways to play this trend. Cheniere Energy and Williams are more fairly valued, while Antero, Range, and likely EQT (not covered) are obvious direct opportunities and appear expensive.

Read Full Report

Price vs Fair Value

View History
ETRN is trading at a 393% premium.
Price
$13.90
Fair Value
$33.00
Uncertainty
High
1-Star Price
$99.40
5-Star Price
$3.50
Economic Moat
Mvrkv
Capital Allocation
Crfzs

Bulls Say, Bears Say

Bulls

The integration of Rice Energy Midstream offers optimization opportunities, given the geographic closeness of the assets, representing $300 million to $500 million in potential capital avoidance over the next five years.

Bears

There could still be legal challenges to the MVP Southgate and Hammerhead projects, as only the MVP is protected under legislation.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ETRN is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$13.90
Day Range
$13.89–14.31
52-Week Range
$5.65–14.31
Bid/Ask
$14.10 / $14.78
Market Cap
$6.15 Bil
Volume/Avg
4.2 Mil / 7.3 Mil

Key Statistics

Price/Earnings (Normalized)
19.34
Price/Sales
4.40
Dividend Yield (Trailing)
4.32%
Dividend Yield (Forward)
4.32%
Total Yield
4.32%

Company Profile

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.
Sector
Energy
Industry
Oil & Gas Midstream
Stock Style Box
Small Core
Total Number of Employees
773
Website
https://www.equitransmidstream.com

Competitors

Valuation

View More
Metric
ETRN
WMB
MPLX
Price/Earnings (Normalized)
 19.3421.1910.40
Price/Book Value
 5.604.053.18
Price/Sales
 4.404.763.87
Price/Cash Flow
 10.388.597.62
Price/Earnings
ETRN
WMB
MPLX

Financial Strength

Metric
ETRN
WMB
MPLX
Quick Ratio
 0.510.370.65
Current Ratio
 0.630.520.72
Interest Coverage
 2.054.055.45
Quick Ratio
ETRN
WMB
MPLX

Profitability

Metric
ETRN
WMB
MPLX
Return on Assets (Normalized)
 3.63%4.89%11.19%
Return on Equity (Normalized)
 40.21%20.70%54.71%
Return on Invested Capital (Normalized)
 8.91%8.53%14.35%
Return on Assets
ETRN
WMB
MPLX
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Oil & Gas Midstream Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
ENB
Enbridge IncKzbwhxtmdTrbqcn$78.3 Bil
EPD
Enterprise Products Partners LPGtqgbttmzzFbvp$62.0 Bil
ET
Energy Transfer LPLppvPyrl$53.8 Bil
WMB
Williams Companies IncTststflKtrbfz$50.3 Bil
OKE
ONEOK IncYkrcxglhvSynzxc$48.2 Bil
KMI
Kinder Morgan Inc Class PXgrxywpNvdgw$43.7 Bil
MPLX
MPLX LP Partnership UnitsTlbllqlPzxkv$41.3 Bil
TRP
TC Energy CorpLcbwkxzkSdbpmb$40.6 Bil
LNG
Cheniere Energy IncVwhyjlrbhSmld$36.2 Bil
TRGP
Targa Resources CorpTsczyytFjnzt$26.1 Bil

Sponsor Center