The WACC of Equitrans Midstream Corp (ETRN) is 7.0%.
Range | Selected | |
Cost of equity | 7.1% - 9.3% | 8.2% |
Tax rate | 10.2% - 16.3% | 13.25% |
Cost of debt | 5.1% - 9.1% | 7.1% |
WACC | 5.7% - 8.3% | 7.0% |
Category | Low | High |
Long-term bond rate | 3.9% | 4.4% |
Equity market risk premium | 4.6% | 5.6% |
Adjusted beta | 0.71 | 0.8 |
Additional risk adjustments | 0.0% | 0.5% |
Cost of equity | 7.1% | 9.3% |
Tax rate | 10.2% | 16.3% |
Debt/Equity ratio | 1.41 | 1.41 |
Cost of debt | 5.1% | 9.1% |
After-tax WACC | 5.7% | 8.3% |
Selected WACC | 7.0% | |
Debt/Equity | Unlevered | |||
Peers | Company Name | ratio | Beta | beta |
ETRN | Equitrans Midstream Corp | 1.41 | 0.81 | 0.37 |
CQP | Cheniere Energy Partners LP | 0.57 | -0.28 | -0.19 |
EPD | Enterprise Products Partners LP | 0.4 | 0.38 | 0.29 |
ET | Energy Transfer LP | 0.79 | 0.44 | 0.26 |
KMI | Kinder Morgan Inc | 0.52 | 0.29 | 0.2 |
LNG | Cheniere Energy Inc | 0.49 | 0.06 | 0.04 |
MMP | Magellan Midstream Partners LP | 0.36 | 0.73 | 0.56 |
MPLX | MPLX LP | 0.43 | 0.34 | 0.25 |
OKE | ONEOK Inc | 0.34 | 0.67 | 0.52 |
WMB | Williams Companies Inc | 0.38 | 0.55 | 0.41 |
Low | High | |
Unlevered beta | 0.26 | 0.32 |
Relevered beta | 0.57 | 0.7 |
Adjusted relevered beta | 0.71 | 0.8 |