Equitrans Midstream's ROA from the second quarter of 2024 to the second quarter of 2023 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Equitrans Midstream's ROA in the second quarter of 2024?
Equitrans Midstream Corporation achieved a return on average assets (ROA) of 3.97 % in its second quarter of 2024, this is above ETRN's average return on assets of -1.06%.
Equitrans Midstream Corporations assets during the 12 months ending in the second quarter of 2024 are valued at $11 billion

ROA decreased relative to the period ending Mar 31 2024, due to the decline in net income.

However, within the Utilities sector 35 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the first quarter of 2024 from 1448 to 1456.

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Return On Assets	(Jun 30 2024) II. Quarter	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter
Y / Y Total Assets Change	12.99 %	13.94 %	12.08 %	6.23 %	-2.12 %
Y / Y Net Income Change	4.05 %	5.47 %	126.66 %	-	13.37 %
Net Income (TTM) in million	463	461	455	371	-262
Return On Assets (TTM)	3.97 %	4.06 %	4.15 %	3.48 %	-2.5 %
ETRN's Total Ranking	# 1456	# 1448	# 1639	# 1604	# 3192
Total Assets (TTM) in million	12,124	11,851	11,711	11,035	10,730
Seq. Total Assets Change	2.3 %	1.19 %	6.12 %	2.85 %	3.16 %
Seq. Net Income Change	-35.91 %	-25.43 %	15.68 %	88.2 %	-35.04 %

ETRN's 5 Years Annual ROA >> Back to ETRN Management Effectiveness >> Compare ETRN ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 25
Sector	# 36
Overall	# 1438

Return On Assets Statistics
High	Average	Low
4.99 %	-1.06 %	-18.1 %
(Mar 31 2019)		(Sep 30 2022)

Financial Statements
Equitrans Midstream's Assets	$ 12,124 million	ETRN's Balance sheet
Equitrans Midstream's Income	$ 72 million	Quarterly ETRN's Income Statement
ETRN's Income by Division		See ETRN's Income by Division

Annual Return On Assets	(Dec 31 2023) FY 2023	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	(Dec 31 2020) FY 2020	(Dec 31 2019) FY 2019
Y / Y Total Assets Change	12.08 %	-4.33 %	-14.18 %	5.68 %	14.42 %
Total Assets in million	11,711	10,448	10,921	12,726	12,042
Y / Y Net Income Change	-	-	-	-	-
Net Income in million	455	-257	-1,366	638	-65
Annual Return On Assets	3.88 %	-2.46 %	-12.51 %	5.01 %	-0.54 %

ETRN's 5 Years Annual ROA >> Back to ETRN Management Effectiveness >> Compare ETRN ROA to its Competitors

Comment on ETRN's ROA in the fiscal year ending 2023

In the fiscal year 2023 ROA improved to 3.88 % compared to prior year, due to annual net income growth of % to $454.75 million, while value of Equitrans Midstream's overall assets grew just by 12.08 % to $11,710.99 million, compared to $11,710.99 a year before.

More Return On Assets Ratios
ETRN's' Return on Assets at Yahoo Finance
Natural Gas Utilities Industry Return On Assets Trends and Statistics
Utilities Sector Roa Statistics
Roa Trends for overall market
ETRN's Roa Ratio versus Natural Gas Utilities Industry, Utilities Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for ETRN's Competitors
Subscribers only: Roa for Equitrans Midstream's Suppliers
Subscribers only: Return On Assets for ETRN's Customers

You may also want to know
ETRN's Roi	ETRN's Inventory Turnover Ratio	ETRN's Growth Rates	ETRN's Dividend Comparisons
	ETRN's Profitability Ratios	ETRN's Asset Turnover Ratio	ETRN's Dividend Growth
ETRN's Roe	ETRN's Valuation Ratios	ETRN's Financial Strength Ratios	ETRN's Dividend Payout Ratio

Companies with similar Return On Assets at Jun 30 2024, within Utilities Sector	ROA
Transcontinental Gas Pipe Line Company Llc	8.20 %
Enterprise Products Partners L p	8.20 %
Nrg Energy Inc	7.89 %
Hf Sinclair Corporation	7.02 %
Antero Midstream Corporation	6.75 %
Targa Resources Corp	6.40 %
Talen Energy Corporation	6.24 %
Kinetik Holdings Inc	5.87 %
Oneok Inc	5.78 %
Williams companies inc	5.64 %
Energy Transfer Lp	5.50 %
Montauk Renewables Inc	5.34 %
Archrock inc	5.19 %
Plains All American Pipeline Lp	4.95 %
American States Water Co	4.71 %
Dt Midstream Inc	4.67 %
Constellation Energy Corporation	4.61 %
Plains Gp Holdings Lp	4.53 %
Pure Cycle Corporation	4.47 %
Boardwalk Pipeline Partners Lp	4.47 %
Excelerate Energy Inc	4.46 %
Ugi Corporation	4.38 %
Atmos Energy Corp	4.38 %
Mge Energy Inc	4.33 %
Northwest Natural Holding Company	4.20 %
Summit Midstream Partners Lp	4.19 %
Rgc Resources Inc	4.06 %
Equitrans Midstream Corporation	3.97 %
York Water Co	3.88 %
California Water Service Group	3.81 %

Date modified: 2026-09-12T06:23:51+00:00

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