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, above the company average. This is a clear sign of healthy business climate in the Natural Gas Utilities industry and improving liquidity at their respective customers, during the second quarter 2024. 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 78 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 2309, 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	# 2309	# 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	# 33
Utilities Sector	# 79
Overall Market	# 2309

Receivable Turnover Ratio Statistics
High	Average	Low
8.83	4.29	-25.52
(Jun 30 2020)		(Dec 31 2018)

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
Global Water Resources Inc	15.41	$ 52.020 Millions	$ 3.375 Millions
Antero Midstream Corporation	14.52	$ 1,072.855 Millions	$ 73.892 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
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
Northwest Natural Holding Company	12.37	$ 1,142.377 Millions	$ 92.363 Millions
Plains All American Pipeline Lp	12.22	$ 49,697.000 Millions	$ 4,065.250 Millions
Plains Gp Holdings Lp	12.22	$ 49,697.000 Millions	$ 4,065.250 Millions
Oneok Inc	12.12	$ 19,099.000 Millions	$ 1,576.250 Millions
Targa Resources Corp	12.02	$ 16,260.500 Millions	$ 1,353.175 Millions
Ameren Corporation	11.85	$ 7,187.000 Millions	$ 606.750 Millions
Allete Inc	11.57	$ 1,539.300 Millions	$ 133.000 Millions
Pure Cycle Corporation	11.23	$ 20.503 Millions	$ 1.825 Millions
Stabilis Solutions Inc	11.15	$ 70.913 Millions	$ 6.360 Millions
Mge Energy Inc	11.14	$ 662.229 Millions	$ 59.432 Millions
Idacorp Inc	10.85	$ 1,822.834 Millions	$ 168.071 Millions
New Jersey Resources Corporation	10.80	$ 1,732.084 Millions	$ 160.408 Millions
Enlink Midstream Llc	10.70	$ 6,801.500 Millions	$ 635.900 Millions
Kinder Morgan Inc	10.62	$ 15,359.000 Millions	$ 1,446.750 Millions
Avista Corporation	10.60	$ 1,908.474 Millions	$ 180.034 Millions
Rgc Resources Inc	10.49	$ 84.004 Millions	$ 8.009 Millions
Enbridge Inc	10.49	$ 34,973.396 Millions	$ 3,335.345 Millions
Montauk Renewables Inc	10.08	$ 184.619 Millions	$ 18.310 Millions
National Fuel Gas Company	9.94	$ 2,022.812 Millions	$ 203.581 Millions
Itc Holdings Corp	9.86	$ 1,588.000 Millions	$ 161.000 Millions
Constellation Energy Corporation	9.76	$ 23,543.000 Millions	$ 2,413.250 Millions
Berkshire Hathaway Energy Company	9.72	$ 25,542.000 Millions	$ 2,627.000 Millions
Enterprise Products Partners L p	9.39	$ 54,863.000 Millions	$ 5,842.500 Millions
Boardwalk Pipeline Partners Lp	9.20	$ 1,852.700 Millions	$ 201.275 Millions

Date modified: 2026-08-29T17:40:54+00:00

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