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Equitrans Midstream Corporation  (ETRN)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities


Equitrans Midstream's Pre-Tax Profit Margin by quarter

Trends, Rankings, Statistics



ETRN Pre-Tax Profit Margin (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Revenue Change 1.51 % 2.04 % -3.09 % 9.99 % 44.01 %
Seq. Revenue Change 6.53 % 6.29 % -15.38 % 5.94 % 7.08 %
Revenue In Millions $360.61 $338.51 $318.47 $376.34 $355.24
Pre-Tax Profit Margin 40.35 % 35.07 % 21.79 % 27.18 % 18.45 %
Pre-Tax Profit Margin Total Ranking # 239 # 432 # 867 # 721 # 1275
Pre-Tax Income In Millions $145.51 $118.73 $69.39 $102.31 $65.55
Y / Y Pre-Tax Income Change 121.98 % - -10.42 % -7.97 % -
Seq. Pre-Tax Income Change 22.56 % 71.11 % -32.18 % 56.07 % -


Commenting fourth Quarter 2023 Pre-Tax Profit Margin
Equitrans Midstream Corporation Pre-Tax Income grew by 22.56 % in IV. Quarter sequentially to 146 millions, while Revenue increased by 6.53 %, this led to improvement in the company's Pre-Tax Profit Margin to 40.35 %, above the Equitrans Midstream Corporation average Pre-Tax Profit Margin.

Observing fourth quarter 2023 results within Natural Gas Utilities industry 6 other companies have achieved higher Pre-Tax Profit Margin. While Pre-Tax Profit Margin total ranking has impoved so far to 239, from total ranking in previous quarter at 432.

ETRN's Pre-Tax Profit Margin fourth quarter 2023 Company Ranking
Within: No.
Natural Gas Utilities Industry # 7
Utilities Sector # 10
Overall # 239

Pre-Tax Profit Margin Statistics
High Average Low
59.52 % 35.57 % 15.13 %
(Mar 31 2019)   (Jun 30 2021)




Other Pre-Tax Profit Margin Profitability Ratios
ETRN's Cumulative Pre-Tax Profit Margin
Natural Gas Utilities Industry Pre-Tax Profit Margin Trends and Statistics
Utilities Sector Pre-Tax Profit Margin Statistics
Pre-Tax Profit Margin Profitability Trends for overall market
ETRN's Pre-Tax Profit Margin Profitability versus Natural Gas Utilities Industry, Utilities Sector and total Market
Highest Ranking Pre-Tax Profit Margin
Lowest Ranking Pre-Tax Profit Margin
Pre-Tax Profit Margin Profit Margin for ETRN's Competitors
Pre-Tax Profit Margin Profit Margin for Equitrans Midstream's Suppliers
Pre-Tax Profit Margin Profit Margin for ETRN's Customers

You may also want to know
ETRN's Annual Growth Rates 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 Pre-Tax Income Growth
ETRN's Roa ETRN's Inventory Turnover Ratio ETRN's Growth Rates ETRN's Dividend Comparisons


Companies with similar Pre-Tax Profit Margin in the quarter ending Dec 31 2023, within Natural Gas Utilities Industry Pre-Tax Profit MarginDec 31 2023 MRQ Pre-Tax IncomeDec 31 2023 MRQ Revenue
Williams Companies Inc   55.57 %$ 1,547.000 $ 2,784.000 
Dt Midstream Inc   51.64 %$ 126.000 $ 244.000 
Antero Midstream Corporation  50.64 %$ 163.826 $ 323.543 
Nustar Energy L p   47.40 %$ 144.580 $ 304.989 
Cheniere Energy Inc   46.15 %$ 2,226.000 $ 4,823.000 
Transcontinental Gas Pipe Line Company Llc  43.19 %$ 309.682 $ 716.952 
Equitrans Midstream Corporation  40.35 %$ 145.511 $ 360.609 
Brookfield Infrastructure Corporation  38.91 %$ 974.000 $ 2,503.000 
Mplx Lp  38.87 %$ 1,153.000 $ 2,966.000 
Western Midstream Partners Lp  34.63 %$ 297.157 $ 858.208 
Cheniere Energy Partners L p   33.73 %$ 906.000 $ 2,686.000 
Atmos Energy Corp  31.52 %$ 365.116 $ 1,158.467 
Rgc Resources Inc   27.05 %$ 6.604 $ 24.419 
Tc Energy Corporation  25.17 %$ 3,071.660 $ 12,205.444 
New Jersey Resources Corporation  23.69 %$ 110.687 $ 467.210 
Boardwalk Pipeline Partners Lp  23.44 %$ 119.300 $ 509.000 
Opal Fuels Inc   23.09 %$ 20.093 $ 87.008 
Kinder Morgan Inc   20.41 %$ 824.000 $ 4,038.000 
Oneok Inc   17.38 %$ 910.000 $ 5,235.000 
Chesapeake Utilities Corporation  17.29 %$ 32.038 $ 185.335 
Archrock inc  16.45 %$ 42.708 $ 259.593 
Northwest Natural Holding Company  15.70 %$ 55.850 $ 355.714 
Spire Inc   14.02 %$ 106.100 $ 756.600 
One Gas Inc   13.54 %$ 82.022 $ 605.917 
Enterprise Products Partners L p   11.20 %$ 1,953.600 $ 17,435.600 
Kinetik Holdings Inc   9.29 %$ 32.416 $ 348.868 
Stabilis Solutions Inc   8.09 %$ 1.442 $ 17.830 




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