Investing.com - Equitrans Midstream reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Equitrans Midstream announced earnings per share of $-1.200 on revenue of $331.8M. Analysts polled by Investing.com anticipated EPS of $0.134 on revenue of $338M.
Equitrans Midstream shares are down 58% from the beginning of the year and are trading at $8.040 , down-from-52-week-high.
Equitrans Midstream follows other major Energy sector earnings this month
Equitrans Midstream's report follows an earnings beat by Exxon Mobil on Friday, October 28, 2022, who reported EPS of $4.45 on revenue of $112.07B, compared to forecasts EPS of $3.67 on revenue of $107.24B.
Chevron had beat expectations on Friday, October 28, 2022 with third quarter EPS of $5.66 on revenue of $66.64B, compared to forecast for EPS of $4.83 on revenue of $57.03B.
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