Natural gas gatherer, Equitrans Midstream Corporation (ETRN), paid a quarterly cash dividend of $0.15 per common share on February 14, 2022. However, it reported disappointing fourth-quarter results, with an adjusted loss of $0.07 per share versus the consensus earnings estimate of $0.11 per share. Also, the company missed the consensus EPS estimates in the trailing four quarters.
The stock has lost 15.5% over the past month and 29.8% over the past three months. In addition, it is currently trading 41% below its 52-week high of $11.52, which it hit on October 15, 2021. ETRN did not provide 2022 guidance for net income, adjusted EBITDA, and deferred revenue as its plans to complete the Mountain Valley Pipeline were derailed from its timeline after several court rulings. So, ETRN’s near-term prospects look uncertain.
