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Equitrans Midstream Corp ETRN Stock Quote

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Morningstar‘s Stock Analysis ETRN

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The MVP Directly Benefits From the Recently Announced Energy Permitting Provisions

Stephen Ellis Sector Strategist

Business Strategy and Outlook

| Stephen Ellis |

Equitrans' biggest challenge is moving the deeply troubled Mountain Valley Pipeline, or MVP, into service. Equitrans sees Sen. Joe Manchin’s support as helpful and has been in frequent contact with the West Virginia Democratic senator. The recently announced proposed energy permitting provisions (separate legislation from the Inflation Reduction Act of 2022) contains direct benefits for MVP, thanks to Senator Manchin’s support, given the pipeline’s presence in West Virginia. It contains language that ensures that federal agencies take all necessary actions to permit the construction and operation of the MVP. It also gives the United States Court of Appeals for the District of Columbia Circuit jurisdiction over future legal challenges, removing the case from the more problematic 4th Circuit, which has been the cause of the recent legal setbacks. Other positives include revising the National Environmental Policy Act, and setting a two-year limit for challenges, as well as revisions to the Clean Water Act to make it harder to block or delay pipelines.

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Key Statistics ETRN

Company Profile ETRN

Business Description

Equitrans acquired EQM Midstream in mid-2020, consolidating the midstream family. Equitrans now own EQM assets directly versus just unit ownership. EQM Midstream provides gathering, transmission, and water services to primarily Appalachian producers in Pennsylvania, West Virginia, and Ohio.

Contact
2200 Energy Drive
Canonsburg, PA, 15317
T +1 724 271-7600
Sector Energy
Industry Oil & Gas Midstream
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 766

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