Event-Driven Stocks

Midstream Co LLC

EQTNP

Utilities · Natural Gas Transmission · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 5 good● 1 warning● 1 severedetails ↓

Financials

SEC XBRL · annual
 FY23FY22FY21FY20FY19FY18
Revenue$1.39B$1.36B$1.32B$1.51B$1.63B$1.50B
Operating income$684.4M$737.6M$635.4M$824.6M$76.0M$643.1M
Net income$445.2M−$269.3M−$1.41B$418.1M−$203.7M$218.4M
Total assets$11.71B$10.45B$10.88B$12.72B$12.04B$10.52B
Total liabilities$9.52B$8.37B$8.42B$8.36B$6.76B$5.26B
Equity$1.04B$919.2M$3.20B$3.21B$672.7M$457.8M
EPS (diluted)$0.89$-0.76$-3.40$1.04$-0.80$0.86
Shares out.433.1M432.7M432.5M254.6M254.7M254.3M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2023
Operating margin
49.1%
Net margin
31.9%
Return on equity
42.7%
Return on assets
3.8%
Return on capital (ROCE)
6.3%
Liabilities / assets
81.3%
Debt / equity
9.12×
Book value / share
$2.41
Revenue growth (YoY)
2.7%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2023
Altman Z″ (distress)
-0.41distress
Accruals / assets
−4.9%clean
Piotroski F-Score
4/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
72
/ 100
Profitability 100Growth 100Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →

Signs

● 1 severe● 1 warning● 5 good
  • Altman Z″ in the distress zone
  • High leverage (liabilities > 70% of assets)
  • Operating margin is positive
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Corporate family

Spun off from EQT CorporationEQT · Nov 11, 2018

From the spin-off filings we track. Follow a company to walk its own history.

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.