EQM Midstream 2Q20 Results
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Bonnie Corbett | Aug 06, 2020
On 5 August 2020, natural gas pipeline owner & operator, Equitrans Midstream Corporation (parent of EQM Midstream Partners; ETRN, Company) announced its second quarter results for the period ended 30 June 2020. The Company posted revenues and adjusted EBITDA of USD341m and USD263m, respectively. Operating revenue for the second quarter was USD66m lower than the prior corresponding period, primarily due to the impact of deferred revenue in 2Q20 and partially offset by increased revenue from higher minimum volume commitments (MVCs) on gathering and water contracts.