Equitrans Midstream (Equitrans Midstream) Accounts Receivable : $242 Mil (As of Mar. 2024)

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What is Equitrans Midstream Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Equitrans Midstream's accounts receivables for the quarter that ended in Mar. 2024 was $242 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Equitrans Midstream's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 60.62.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Equitrans Midstream's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-24.30.

Equitrans Midstream Accounts Receivable Historical Data

The historical data trend for Equitrans Midstream's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Equitrans Midstream Accounts Receivable Chart

Equitrans Midstream Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

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255.34

290.45

252.30

246.89

258.26

Equitrans Midstream Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accounts Receivable	Get a 7-Day Free Trial															225.70	237.63	240.01	258.26	242.02

Equitrans Midstream Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Equitrans Midstream Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Equitrans Midstream's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	242.017	/	364.274	*	91
=	60.62

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Equitrans Midstream's accounts receivable are only considered to be worth 75% of book value:

Equitrans Midstream's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(51.287	+	0.75 * 242.017	+	0.5 * 0	-	9632.674
-	681.842	-	457.494)	/	433.661
=	-24.30

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Equitrans Midstream Accounts Receivable Related Terms

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Equitrans Midstream (Equitrans Midstream) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equitrans Midstream Corp (NYSE:ETRN) » Definitions » Accounts Receivable

Comparable Companies

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Traded in Other Exchanges

37W:Germany

Address

2200 Energy Drive, Canonsburg, PA, USA, 15317

Website

https://www.equitransmidstream.com

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.

Executives

Vicky A Bailey	director	2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006
Kirk R Oliver	officer: Sr VP & CFO	1601 BRYAN STREET, DALLAS TX 75201
Stephen M Moore	officer: Sr VP & General Counsel	2200 ENERGY DRIVE, CANONSBURG PA 15317
Thomas F Karam	officer: President & CEO	C/O SOUTHERN UNION CO, ONE PEI CENTER, WILKES BARRE PA 18711-0601
Patricia K Collawn	director	414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289
Kenneth Michael Burke	director	11742 RIVERVIEW DRIVE, HOUSTON TX 77007
Diana M Charletta	officer: EVP & Chief Operating Officer	2200 ENERGY DRIVE, CANONSBURG PA 15317
Sarah Morrison Barpoulis	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037
D Mark Leland	director	333 CLAY STREET, SUITE 2400, HOUSTON TX 77002
Margaret K Dorman	director	C/O SMITH INTERNATIONAL INC, PO BOX 60068, HOUSTON TX 77205
Brian P. Pietrandrea	officer: Controller	2200 ENERGY DRIVE, CANONSBURG PA 15317
David L Porges	director	700 UNIVERSE BLVD, C/O NEXTERA ENERGY, INC., JUNO BEACH FL 33408
Robert F Vagt	director	5300 MEMORIAL DR, STE 800, HOUSTON TX 77007
Phillip D. Swisher	officer: VP & Chief Accounting Officer	625 LIBERTY AVENUE, SUITE 2000, PITTSBURGH PA 15222
Norman J Szydlowski	director	6120 S. YALE, SUITE 700, TULSA OK 74136