Equitrans Midstream Corporation (NYSE:ETRN) Q3 2023 Earnings Conference Call October 31, 2023 10:30 AM ET
Company Participants
Nate Tetlow - Vice President, Corporate Development and IR
Tom Karam - Chairman and CEO
Diana Charletta - President and COO
Kirk Oliver - Senior Vice President and CFO
Justin Macken - Senior Vice President, Gas Systems Planning and Engineering
Janice Brenner - Vice President and Treasurer
Brian Pietrandrea - Chief Accounting Officer
Conference Call Participants
Burke Sansiviero - Wolfe Research
John Mackay - Goldman Sachs
Brian Reynolds - UBS
Operator
Hello and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Equitrans Midstream Corporation Third Quarter 2023 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]
I would now like to turn the conference over to Nate Tetlow. Please go ahead.
Nate Tetlow
Good morning. And welcome to the third quarter 2023 earnings call for Equitrans Midstream Corporation. A replay of this call will be available for 14 days beginning this evening. The phone number for the replay is 800-770-2030 or 647-362-9199. The conference ID is 6625542.
Today’s call may contain forward-looking statements related to future events and expectations, please refer to today’s news release and risk factors in ETRN’s Form 10-K for the year ended December 31, 2022 and as updated by Form 10-Qs for factors that could cause the actual results to differ materially from these forward-looking statements.
Today’s call may contain certain non-GAAP financial measures. Please refer to this morning’s news release and our investor presentation for important disclosures regarding such measures, including reconciliations to the most comparable GAAP financial measure.
On the call today are Tom Karam, Chairman and CEO; Diana Charletta, President and Chief Operating Officer; Kirk Oliver, Senior Vice President and Chief Financial Officer; Justin Macken, Senior Vice President, Gas Systems Planning and Engineering; Janice Brenner, Vice President and Treasurer; and Brian Pietrandrea, Chief Accounting Officer. After the prepared remarks, we will open the call to questions.
With that, I will turn it over to Tom.
Tom Karam
Thanks, Nate, and good morning, everyone. Today, we reported third quarter 2023 results, including net income of $130 million, adjusted EBITDA of $250 million and deferred revenue of $83 million. Kirk will provide details on the financial results in a few minutes.