Equitrans Midstream Corp
F:37W
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
|
Equitrans Midstream Corp
NYSE:ETRN
|
5.4B USD |
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|
| CA |
|
Enbridge Inc
TSX:ENB
|
149.5B CAD |
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|
|
| US |
|
Williams Companies Inc
NYSE:WMB
|
81.5B USD |
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|
|
| US |
|
Enterprise Products Partners LP
NYSE:EPD
|
75.7B USD |
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|
|
| US |
|
Kinder Morgan Inc
NYSE:KMI
|
67.7B USD |
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|
|
| CA |
|
TC Energy Corp
TSX:TRP
|
85.1B CAD |
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|
|
| US |
|
Energy Transfer LP
NYSE:ET
|
61.2B USD |
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|
|
| US |
|
MPLX LP
NYSE:MPLX
|
57.2B USD |
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|
|
| US |
|
ONEOK Inc
NYSE:OKE
|
51.4B USD |
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|
|
| US |
|
Cheniere Energy Inc
NYSE:LNG
|
46.2B USD |
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|
|
| US |
|
Targa Resources Corp
NYSE:TRGP
|
44.2B USD |
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|
Market Distribution
| Min | -24 813% |
| 30th Percentile | 28.9% |
| Median | 43% |
| 70th Percentile | 60.5% |
| Max | 10 905 714.3% |
Other Profitability Ratios
Equitrans Midstream Corp
Glance View
Equitrans Midstream Corp. stands as a pivotal player in the natural gas infrastructure sector, focusing its expertise on the Appalachian Basin, one of North America's richest natural gas sources. The company's central operations revolve around the gathering, transporting, and storing of natural gas, essentially serving as the linking infrastructure between the production sites and the end-users or interstate pipelines. This involves a sprawling network of pipelines and storage facilities that crisscross key states, ensuring that energy flows seamlessly from rich wells to broader markets. With the ever-growing demand for cleaner energy alternatives, Equitrans Midstream burrows deeper into optimizing and expanding its infrastructure to ensure it meets both current demands and future energy needs efficiently. The revenue model of Equitrans Midstream is predominantly anchored in long-term agreements which provide stability in cash flow and lessen risks typically associated with volatile commodity prices. By securing firm commitments with producers and other shippers, the company not only ensures a predictable revenue stream but also solidifies its position as a critical infrastructure provider. These contracts often involve capacity reservations and usage fees, which generate predictable income as clients access the extensive and strategically located pipeline networks. Furthermore, Equitrans' approach is augmented by its investment in innovative technologies designed to enhance operational efficiencies and environmental stewardship, reflecting a strategic alignment with broader societal shifts towards sustainability. Through careful stewardship and robust financial strategies, Equitrans Midstream continues to carve a sturdy path within the ever-evolving landscape of natural gas transportation and distribution.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for Equitrans Midstream Corp is 87%, which is below its 3-year median of 87.5%.
Over the last 3 years, Equitrans Midstream Corp’s Gross Margin has decreased from 89.6% to 87%. During this period, it reached a low of 86.6% on Sep 30, 2023 and a high of 89.9% on Jun 30, 2021.