Equitrans Midstream reports Q2 adjusted EPS 9c, consensus 11c

Reports Q2 revenue $318.47M, consensus $329.99M. “We are grateful for the full support of the White House, as well as the strong leadership of Democratic and Republican legislators in recognizing the MVP as a critical energy infrastructure project,” said CEO Thomas Karam. “The Fiscal Responsibility Act of 2023 makes clear that a robust and diverse energy mix is vital to our Nation’s prosperity and security, and Congress’ action only magnifies the critical need for comprehensive permitting reform that goes beyond the important initial steps in this legislation. We are also thankful that the U.S. Supreme Court acted quickly to grant the application to vacate stays imposed by the lower court. We have resumed construction and are focused on the responsible completion of MVP’s remaining construction. We continue to target completion of MVP by year-end 2023.”