Equitrans Midstream's GAAP net income for 3 months of 2022 was $104.908 million, up 37% from $76.597 million in the prior year. Revenues decreased 10% to $342.146 million from $379.996 million a year earlier.

The Equitrans Midstream Board of Directors announced a quarterly dividend of $0.15 per share. The last day to buy securities to receive the dividend is May 2, 2022. The annual dividend yield may reach 6.99%.

Equitrans Midstream's GAAP loss for 2021 was $1.366 billion, compared to a profit of $0.638 billion in the previous year. Revenue declined 12.8% to $1.317 billion from $1.511 billion a year earlier.

U.S. Court of Appeals for the Fourth Circuit reversed the federal government's approval of Equitrans Midstream's $6.2 billion Mountain Valley Pipeline route. Specifically, the court overturned permits from the Forest Service and Bureau of Land Management authorizing the pipeline to run through 5.6 kilometers of Jefferson National Forest.