Equitrans Midstream Corporation (NYSE:ETRN) Declares Quarterly Dividend

Equitrans Midstream Corporation (NYSE:ETRN) declared quarterly dividend of $ 0.15 per share, or $ 0.60 annualized.

The dividend will be payable on November 13, 2020, to stockholders of record on November 3, 2020, with an ex-dividend date of November 2, 2020.

Dividends History

Click Here For More Historical Dividends Of Equitrans Midstream Corporation

Equitrans Midstream Corporation recently reported second quarter financial results on August 4, 2020, before market open, the Pittsburgh based company unwinded income for the second quarter of $ 0.22 per share, from the revenue of $ 340.59 million. The quarterly earnings lowered 62.07 percent while revenues lowered 16.15 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.37 per share from $ 352.44 million in revenue. The bottom line results missed street analysts by $ 0.15 or 40.54 percent, at the same time, top line results fell short of analysts by $ 11.85 million or 3.36 percent.

Stock Performance

Shares of Equitrans Midstream Corporation traded up $ 0.05 or 0.60 percent on Friday, reaching $ 8.43 with volume of 1.80 million shares. The stock opened for the day at $ 8.38, after closing the previous day trading at $ 8.38.

According to the previous trading day, closing price of $ 8.38, representing a 123.47 % increase from the 52 week low of $ 3.75 and a 45.01 % decrease over the 52 week high of $ 15.24.

The company has a market capital of $ 3.65 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.