Financials EQM Midstream Partners, LP

Equities

EQM

US26885B1008

Oil & Gas Transportation Services

Delayed Nyse 5-day change 1st Jan Change
- USD -.--% Intraday chart for EQM Midstream Partners, LP -2.10% -28.35%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 5,210 5,996 4,296 4,296 4,296 4,296
Enterprise Value (EV) 1 9,269 11,789 11,380 11,143 11,249 11,669
P/E ratio 17.8 x 53.4 x 5.46 x -2.5 x -16.7 x 10.3 x
Yield 10.2% 15.5% 1.81% - - -
Capitalization / Revenue 3.48 x 3.68 x 2.84 x 3.25 x 3.15 x 3.07 x
EV / Revenue 6.2 x 7.23 x 7.52 x 8.44 x 8.26 x 8.35 x
EV / EBITDA 7.55 x 8.71 x 9.22 x 10.8 x 10.4 x 11.3 x
EV / FCF 65.7 x -27.2 x 71.5 x 34.6 x 93.8 x 43.7 x
FCF Yield 1.52% -3.68% 1.4% 2.89% 1.07% 2.29%
Price to Book 1.09 x 1.49 x 1.06 x 2.07 x 2.93 x 2.75 x
Nbr of stocks (in thousands) 120,456 200,458 200,458 200,458 200,458 200,458
Reference price 2 43.25 29.91 21.43 21.43 21.43 21.43
Announcement Date 2/14/19 2/27/20 2/25/21 2/26/22 2/22/23 2/20/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,495 1,630 1,514 1,321 1,362 1,398
EBITDA 1 1,228 1,354 1,234 1,029 1,079 1,034
EBIT 1 1,015 1,078 912.8 694.9 743.4 690.1
Operating Margin 67.87% 66.12% 60.3% 52.6% 54.59% 49.36%
Earnings before Tax (EBT) 1 507.1 88.1 801.1 -1,706 -245 441.3
Net income 1 241.7 109.4 787.1 -1,721 -257.2 431.8
Net margin 16.17% 6.71% 51.99% -130.25% -18.89% 30.88%
EPS 2 2.430 0.5600 3.926 -8.584 -1.283 2.081
Free Cash Flow 1 141.1 -433.6 159.1 321.7 120 267.2
FCF margin 9.44% -26.6% 10.51% 24.35% 8.81% 19.11%
FCF Conversion (EBITDA) 11.49% - 12.89% 31.27% 11.12% 25.85%
FCF Conversion (Net income) 58.38% - 20.21% - - 61.88%
Dividend per Share 2 4.400 4.625 0.3875 - - -
Announcement Date 2/14/19 2/27/20 2/25/21 2/26/22 2/22/23 2/20/24
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 4,060 5,793 7,084 6,847 6,953 7,373
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.305 x 4.278 x 5.739 x 6.655 x 6.445 x 7.133 x
Free Cash Flow 1 141 -434 159 322 120 267
ROE (net income / shareholders' equity) 9.18% 1.68% 15.7% -48.2% -11% 21.9%
ROA (Net income/ Total Assets) 7.27% 6.33% 4.68% 3.72% 4.41% 3.95%
Assets 1 3,326 1,727 16,830 -46,294 -5,832 10,944
Book Value Per Share 2 39.70 20.00 20.20 10.30 7.310 7.800
Cash Flow per Share 2 0.1500 0.0800 0.9400 0.6300 0.3000 1.210
Capex 1 837 1,022 462 292 377 387
Capex / Sales 55.98% 62.72% 30.52% 22.12% 27.66% 27.64%
Announcement Date 2/14/19 2/27/20 2/25/21 2/26/22 2/22/23 2/20/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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