Equitrans Midstream (Equitrans Midstream) Interest Expense : $-441 Mil (TTM As of Mar. 2024)

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What is Equitrans Midstream Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Equitrans Midstream's interest expense for the three months ended in Mar. 2024 was $ -119 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-441 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Equitrans Midstream's Operating Income for the three months ended in Mar. 2024 was $ 187 Mil. Equitrans Midstream's Interest Expense for the three months ended in Mar. 2024 was $ -119 Mil. Equitrans Midstream's Interest Coverage for the quarter that ended in Mar. 2024 was 1.57. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Equitrans Midstream Interest Expense Historical Data

The historical data trend for Equitrans Midstream's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equitrans Midstream Interest Expense Chart

Equitrans Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-256.20

-307.38

-378.65

-394.33

-426.88

Equitrans Midstream Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-104.96	-103.64	-106.33	-111.95	-118.90

Equitrans Midstream Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-441 Mil.

Equitrans Midstream (NYSE:ETRN) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Equitrans Midstream's Interest Expense for the three months ended in Mar. 2024 was $-119 Mil. Its Operating Income for the three months ended in Mar. 2024 was $187 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $7,490 Mil.

Equitrans Midstream's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	186.84	/	-118.896
	=	1.57

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Equitrans Midstream Corp interest coverage is 1.49, which is low.

Equitrans Midstream (Equitrans Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equitrans Midstream Corp (NYSE:ETRN) » Definitions » Interest Expense

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Traded in Other Exchanges

37W:Germany

Address

2200 Energy Drive, Canonsburg, PA, USA, 15317

Website

https://www.equitransmidstream.com

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

Executives

Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
Kirk R Oliver	officer: Sr VP & CFO	1601 BRYAN STREET, DALLAS TX 75201
Stephen M Moore	officer: Sr VP & General Counsel	2200 ENERGY DRIVE, CANONSBURG PA 15317
Thomas F Karam	officer: President & CEO	C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601
Patricia K Collawn	director	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Kenneth Michael Burke	director	11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Diana M Charletta	officer: EVP & Chief Operating Officer	2200 ENERGY DRIVE, CANONSBURG PA 15317
Sarah Morrison Barpoulis	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
D Mark Leland	director	333 CLAY STREET, SUITE 2400, HOUSTON TX 77002
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Brian P. Pietrandrea	officer: Controller	2200 ENERGY DRIVE, CANONSBURG PA 15317
David L Porges	director	700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Phillip D. Swisher	officer: VP & Chief Accounting Officer	625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222
Norman J Szydlowski	director	6120 S. YALE, SUITE 700, TULSA OK 74136