Operating Margin

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Price: 11.185 EUR -0.36% Market Closed

Market Cap: €4.9B

47.5%

Improving

by 4%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

47.5%

Operating Income

$656m

Revenue

$1.4B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

47.5%

Operating Income

€656m

Revenue

$1.4B

Peer Comparison

Country	Company	Market Cap	Operating Margin
US	Equitrans Midstream Corp NYSE:ETRN	5.4B USD	Loading...
CA	Enbridge Inc TSX:ENB	142.7B CAD	Loading...
US	Williams Companies Inc NYSE:WMB	81.2B USD	Loading...
US	Enterprise Products Partners LP NYSE:EPD	72.2B USD	Loading...
US	Kinder Morgan Inc NYSE:KMI	66.9B USD	Loading...
US	Energy Transfer LP NYSE:ET	62.3B USD	Loading...
CA	TC Energy Corp TSX:TRP	82.4B CAD	Loading...
US	MPLX LP NYSE:MPLX	57B USD	Loading...
US	ONEOK Inc NYSE:OKE	49.9B USD	Loading...
US	Cheniere Energy Inc NYSE:LNG	45.7B USD	Loading...
US	Targa Resources Corp NYSE:TRGP	42.8B USD	Loading...

Market Distribution

Min	-4 087 900%
30th Percentile	-5.1%
Median	6%
70th Percentile	14.8%
Max	1 032 600%

Other Profitability Ratios

Equitrans Midstream Corp
Glance View

Market Cap

4.9B EUR

Industry

Energy

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.

View 37W Analysis

37W Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Equitrans Midstream Corp
F:37W

Peer Comparison

Market Distribution

Other Profitability Ratios

Equitrans Midstream Corp
Glance View

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Equitrans Midstream Corp F:37W