Equitrans Midstream Q2 Adj $0.11 Misses $0.14 Estimate, Sales $361.60M Beat $345.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Equitrans Midstream (NYSE:ETRN) reported Q2 earnings of $0.11 per share, missing the analyst estimate of $0.14. However, sales were $361.60 million, beating the estimate of $345.76 million. Earnings increased by 22.22% year-over-year, and sales increased by 13.54% year-over-year.
July 19, 2024 | 8:26 pm
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Equitrans Midstream reported Q2 earnings of $0.11 per share, missing the analyst estimate of $0.14. Sales were $361.60 million, beating the estimate of $345.76 million. Earnings increased by 22.22% year-over-year, and sales increased by 13.54% year-over-year.
The mixed results, with earnings missing but sales beating estimates, create a neutral short-term outlook. The increase in both earnings and sales year-over-year is positive, but the earnings miss may weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100