Equitrans Midstream Corporation's ability to collect its outstanding accounts receivable from its corporate clients, has improved in the second quarter 2024 to a ratio of 5.83, this is below the company average, and notable indication of worsening business environment. Average receivable collection period, for the Equitrans Midstream in Jun 30 2024 quarter, has decreased to 63 days, compared to 65 days, in the Mar 31 2024 quarter.

If we take a look into Utilities sector 107 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2515, from overall ranking in the first quarter 2024 at 2529.

What is Receivable Turnover Ratio?
What is Equitrans Midstream Corporation Selling?

What is Receivable Turnover Ratio?

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ETRN Receivables Turnover Ratio	(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 Receivable Change	0.05 %	7.23 %	4.61 %	3.93 %	4.41 %
Y / Y Revenue Change	13.54 %	-3.21 %	1.51 %	2.04 %	-3.09 %
Receivable Turnover Ratio (TTM)	5.83	5.65	5.8	5.85	5.87
ETRN's Total Ranking	# 2515	# 2529	# 2452	# 430	# 1048
Accounts Receivable average collection period days	63	65	63	62	62
Seq. Receivable Change	-1.76 %	-6.29 %	7.61 %	1 %	5.28 %
Seq. Revenue Change	-0.74 %	1.02 %	6.53 %	6.29 %	-15.38 %

Receivable Turnover Company Ranking
Within:	No.
Natural Gas Utilities Industry	# 41
Utilities Sector	# 108
Overall Market	# 2515

Receivable Turnover Ratio Statistics
High	Average	Low
11.22	6.49	5.09
(Dec 31 2018)		(Dec 31 2021)

ETRN Company Profile • Back to ETRN Efficiency Comparisons • Compare ETRN Receivables Turnover Ratio to its Competitors

Financial Statements
Equitrans Midstream's Accounts Receivable	$ 238 Millions	Visit ETRN's Balance sheet
Equitrans Midstream's Sales TTM	$ 1,425 Millions	Visit ETRN's Income Statement
Sources of ETRN's Revenues		Visit ETRN's Sales by Geography

Other Accounts Receivable Turnover Ratios
Natural Gas Utilities Industry Accounts Receivable Turnover Trends and Statistics
Utilities Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
ETRN's Receivable Turnover Ratio versus Natural Gas Utilities Industry, Utilities Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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ETRN's Valuation Ratios	ETRN's Roe	ETRN's Financial Strength Ratios	ETRN's Dividend Payout Ratio

Companies with similar Receivables Turnover Ratio for the quarter ending Jun 30 2024, within Utilities Sector	Receivable Turnover Ratio	Revenues for 12 Months ending Jun 30 2024	Receivable at quarter ending Jun 30 2024
Ngl Energy Partners Lp	15.39	$ 4,001.126 Millions	$ 259.910 Millions
American Water Works Company Inc	14.96	$ 4,351.000 Millions	$ 290.750 Millions
Mplx Lp	14.93	$ 11,776.000 Millions	$ 788.750 Millions
Alternus Clean Energy Inc	14.90	$ 28.804 Millions	$ 1.933 Millions
Idacorp Inc	14.86	$ 1,822.834 Millions	$ 122.684 Millions
Mge Energy Inc	14.81	$ 662.229 Millions	$ 44.714 Millions
Antero Midstream Corporation	14.57	$ 1,072.855 Millions	$ 73.657 Millions
Excelerate Energy Inc	14.14	$ 898.981 Millions	$ 63.559 Millions
Wisconsin Electric Power Company	14.11	$ 3,993.600 Millions	$ 282.950 Millions
Txnm Energy Inc	13.96	$ 1,842.944 Millions	$ 132.061 Millions
Duke Energy Corporation	13.76	$ 30,049.000 Millions	$ 2,184.000 Millions
Puget Energy Inc	13.71	$ 4,860.144 Millions	$ 354.477 Millions
Constellation Energy Corporation	13.63	$ 23,543.000 Millions	$ 1,727.000 Millions
New Jersey Resources Corporation	13.63	$ 1,732.084 Millions	$ 127.103 Millions
Ameren Corporation	13.61	$ 7,187.000 Millions	$ 528.000 Millions
Essential Utilities Inc	13.30	$ 1,937.149 Millions	$ 145.610 Millions
Pure Cycle Corporation	13.23	$ 20.503 Millions	$ 1.550 Millions
Northwest Natural Holding Company	12.57	$ 1,142.377 Millions	$ 90.899 Millions
Centerpoint Energy Inc	12.30	$ 8,567.000 Millions	$ 696.250 Millions
Oneok Inc	12.12	$ 19,099.000 Millions	$ 1,576.250 Millions
Plains All American Pipeline Lp	12.09	$ 49,165.000 Millions	$ 4,065.250 Millions
Plains Gp Holdings Lp	12.09	$ 49,165.000 Millions	$ 4,065.250 Millions
Targa Resources Corp	12.02	$ 16,260.500 Millions	$ 1,353.175 Millions
Pg and e Corp	11.84	$ 24,776.000 Millions	$ 2,092.000 Millions
Montauk Renewables Inc	11.81	$ 184.619 Millions	$ 15.627 Millions
National Fuel Gas Company	11.79	$ 1,941.689 Millions	$ 164.691 Millions
Allete Inc	11.57	$ 1,539.300 Millions	$ 133.000 Millions
Oge Energy Corp	11.53	$ 2,771.500 Millions	$ 240.475 Millions
Stabilis Solutions Inc	11.15	$ 70.913 Millions	$ 6.360 Millions
Kinder Morgan Inc	10.62	$ 15,359.000 Millions	$ 1,446.750 Millions

Date modified: 2026-10-07T00:41:53+00:00

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