Investing.com - Equitrans Midstream (NYSE:ETRN) 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, still down 28.34% from its 52 week high of $11.22 set on January 18.
Equitrans Midstream follows other major Energy sector earnings this month
Equitrans Midstream's report follows an earnings beat by Exxon Mobil on October 28, 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 October 28 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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