Equitrans Midstream Corporation (ETRN) Fundamentals
As of May 28, 2026
TL;DR — Equitrans Midstream Corporation (ETRN) fundamentals as of May 28, 2026
Equitrans Midstream Corporation (ETRN) trades at a trailing P/E of 12.1x and a P/B of 3.12x. Return on equity is 25.8%, return on invested capital is 6.1%, and the company carries a debt-to-equity ratio of 4.40. The current ratio sits at 0.76, free cash flow yield is 11.6%, and the dividend yield is 483.0%. MIXED — passes most quality screens but at least one flag warrants a closer look.
For intrinsic value (DCF, owner earnings, Graham number) and the full 5-pillar score, see the ETRN overview page.
Full Fundamentals Table
Every key indicator we track for ETRN fundamentals, grouped by category. Industry median is shown where a sector classification is available.
| Metric | ETRN | Energy median | What it measures |
|---|---|---|---|
| Revenue (TTM) | View full statement | - | Trailing twelve-month total revenue |
| Net Income (TTM) | View full statement | - | Bottom-line profit after taxes and interest |
| Free Cash Flow (TTM) | View full statement | - | Cash from operations minus CapEx |
| EPS (TTM) | N/A | - | Earnings per diluted share |
| ROE | 25.8% | 13% | Return on Equity — net income / shareholder equity |
| ROA | 380.0% | - | Return on Assets — net income / total assets |
| ROIC | 6.1% | - | Return on Invested Capital — NOPAT / (debt + equity) |
| P/E (Trailing) | 12.1x | 13x | Price / earnings — how many years of profit to recoup price |
| P/B | 3.12x | 1.8x | Price / book value — premium over net assets |
| P/S | 3.89x | - | Price / sales — useful when earnings are noisy |
| EV/EBITDA | 7.8x | - | Enterprise value / EBITDA — capital-structure neutral |
| Debt / Equity | 4.40 | 0.50 | Leverage — lower = less reliance on debt |
| Current Ratio | 0.76 | - | Current assets / current liabilities — short-term liquidity |
| Dividend Yield | 483.0% | - | Annual dividend / current price |
5-Year Trend
Indexed revenue growth path for ETRN over the past five fiscal years (base = 100). Used as a quick sanity check on whether the top line is compounding or stalling.
Trend indexed from 1-year revenue growth rate. Full statement available in the analyst tier.
Industry Comparison
Across Energy, the median company prints P/E around 13x, P/B near 1.8x, ROE close to 13%, and a debt-to-equity ratio of 0.5. ETRN's reading on each metric is in the ratio table above — anything materially above the median valuation multiple deserves a thesis to justify the premium, anything materially below the median return-on-capital flags an operational gap.
Compare ETRN side-by-side with sector peers in the Energy stock list.
Quality Triple Check
Piotroski F-Score
Nine-point checklist for accounting quality and operational efficiency
6/9
PASS
Beneish M-Score
Earnings-manipulation detector — below -2.22 is healthy
-2.77
PASS
Altman Z-Score
Bankruptcy-risk model — above 2.99 is "safe zone"
0.28
FLAG
Verdict: MIXED — passes most quality screens but at least one flag warrants a closer look.
Next steps
- View the full ETRN overview for intrinsic value (DCF), margin of safety, and the 5-pillar VM Score.
- Check the ETRN beta page for volatility vs the S&P 500.
- Look at the ETRN P/E ratio page for the 10-year valuation context.
- Dig into the ETRN debt-to-equity page for leverage trends.
- Run your own model in the DCF calculator.
Frequently asked about ETRN fundamentals
What are the key fundamentals for Equitrans Midstream Corporation (ETRN)?↓
The core ETRN fundamentals are P/E 12.1, ROE 25.8%, ROIC 6.1%, debt/equity 4.40, and dividend yield 483.0%. The complete ratio table on this page covers revenue, net income, FCF, EPS, ROA, P/B, P/S, EV/EBITDA, and current ratio.
How does ETRN compare to its Energy peers?↓
The Energy sector median P/E is roughly 13x, ROE 13%, and D/E 0.5. ETRN prints P/E 12.1, ROE 25.8%, and D/E 4.40. Use the Industry Comparison row in the ratio table for the full diff.
Does ETRN pass the Quality Triple Check?↓
ETRN passes 2 of 3 quality screens (Piotroski F-Score, Beneish M-Score, Altman Z-Score). Detailed verdict above.
How is "fundamentals" different from intrinsic value?↓
Fundamentals describe what the business looks like today: profit, cash flow, leverage, returns on capital. Intrinsic value uses those fundamentals as inputs to a DCF (or similar model) and discounts the future cash flows back to today. Use both — fundamentals tell you whether a business is healthy, intrinsic value tells you whether the price is fair.
How often does ValueMarkers update ETRN fundamentals?↓
Cached financial statements refresh every 12 hours. The ratio table on this page is rebuilt every 6 hours via Next.js ISR, and the underlying FMP data refreshes on each new earnings release.