Equitrans Midstream Corporation (ETRN) Financial Statements (2024 and earlier)

Company Profile

Business Address 2200 ENERGY DRIVE
CANONSBURG, PA 15317
State of Incorp. PA
Fiscal Year End December 31
Industry (SIC) 4922 - Natural Gas Transmission (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2596813520888294
Cash and cash equivalents2596813520888294
Receivables258247252290255255
Inventory, net of allowances, customer advances and progress billings 1619    
Inventory 1619    
Other current assets 756063  
Other undisclosed current assets 63(19)  3219
Total current assets:595390447562375569
Noncurrent Assets
Property, plant and equipment7,9927,8847,7887,8287,7245,868
Long-term investments and receivables1,8328201,2392,7962,3241,510
Long-term investments1,8328201,2392,7962,3241,510
Intangible assets, net (including goodwill)1,0091,0741,1381,2031,2841,815
Goodwill4874874874874871,239
Intangible assets, net (excluding goodwill)522587652717797576
Other noncurrent assets280278309337244164
Other undisclosed noncurrent assets     91597
Total noncurrent assets:11,11410,05610,47412,16411,6669,955
TOTAL ASSETS:11,70910,44610,92112,72612,04210,524
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities168144295282285374
Interest and dividends payable1521267380
Accounts payable61616072128210
Accrued liabilities1078484838384
Deferred revenue 5 1  
Debt301100 30366
Deferred compensation liability     4242
Due to related parties    34
Other undisclosed current liabilities3091697111393
Total current liabilities:783413368595336549
Noncurrent Liabilities
Long-term debt and lease obligation8,5737,8397,7617,3276,3244,660
Long-term debt, excluding current maturities8,5737,8397,7617,3276,3244,660
Liabilities, other than long-term debt166113994419955
Deferred revenue     
Deferred income tax liabilities   346 
Other liabilities16611399959955
Total noncurrent liabilities:8,7387,9527,8617,7686,4244,715
Total liabilities:9,5218,3658,2288,3636,7605,264
Temporary equity, carrying amount682682682682  
Equity
Equity, attributable to parent1,0449191,5283,210673458
Common stock3,9773,9743,9583,9411,293425
Accumulated other comprehensive loss(1)(1)(2)(2)(2)(2)
Retained earnings (accumulated deficit)(2,932)(3,054)(2,428)(729)(618)34
Equity, attributable to noncontrolling interest 4794834714,6094,802
Other undisclosed equity 463     
Total equity:1,5061,3992,0113,6815,2825,260
TOTAL LIABILITIES AND EQUITY:11,70910,44610,92112,72612,04210,524

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,3941,3581,3171,5111,6301,495
Revenue from related parties 7779641,1231,111
Cost of revenue(455)(427)(480)(413)(392)(339)
Cost of goods and services sold     1(53)
Gross profit:9399318371,0981,2381,157
Operating expenses(255)(193)(203)(273)(1,162)(513)
Operating income:68473863482576643
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
314(16)1735
Interest and debt expense (1)(25)(41)(25)  
Other undisclosed loss from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:68772757681779648
Income from equity method investments17501823416362
Other undisclosed loss from continuing operations before income taxes(426)(977)(2,305)(307)(256)(115)
Income (loss) from continuing operations before income taxes:436(251)(1,711)743(14)594
Income tax expense (benefit)19(6)345(105)(51)(83)
Income (loss) from continuing operations:455(257)(1,366)638(65)511
Income (loss) before gain (loss) on sale of properties:(1,366)638(65)511
Net income (loss):455(257)(1,366)638(65)511
Net loss attributable to noncontrolling interest(10)(12)(15)(215)(139)(293)
Net income (loss) attributable to parent:445(269)(1,380)423(204)218
Preferred stock dividends and other adjustments(59)(59)(59)(59)  
Net income (loss) available to common stockholders, diluted:387(328)(1,439)364(204)218

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):455(257)(1,366)638(65)511
Other comprehensive income (loss)01(0)(0)(1)(2)
Comprehensive income (loss):455(256)(1,366)638(65)510
Comprehensive loss, net of tax, attributable to noncontrolling interest(10)(12)(15)(215)(139)(293)
Other undisclosed comprehensive loss, net of tax, attributable to parent(59)(59)(59)(59)  
Comprehensive income (loss), net of tax, attributable to parent:387(327)(1,439)364(204)217

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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