CONE Midstream Partners (CNNX) Tops Q2 EPS by 2c, Revenues In-Line

CONE Midstream Partners (NYSE: CNNX) reported Q2 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $56.53 million versus the consensus estimate of $56.95 million.

Second Quarter Results

Highlights of second quarter 2017 results attributable to the Partnership as compared to the second quarter of 2016 include:(2)

• Net income of $29.0 million as compared to $23.2 million
• Average daily throughput volumes of 981 billion Btu per day (BBtu/d) as compared to 857 BBtu/d
• Net cash provided by operating activities of $42.3 million as compared to $41.8 million
• Adjusted EBITDA(3) of $34.4 million as compared to $26.9 million
• Distributable cash flow (DCF)(3) of $29.6 million as compared to $23.6 million
• Cash distribution coverage(3) of 1.50x on an as-declared basis

For earnings history and earnings-related data on CONE Midstream Partners (CNNX) click here.

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