Oasis Midstream Partners LP (OMP) Reports In-Line Q2 EPS, Revenues Beat

Oasis Midstream Partners LP (NYSE: OMP) reported Q2 EPS of $0.45, in-line with the analyst estimate of $0.45. Revenue for the quarter came in at $66.56 million versus the consensus estimate of $57.15 million.

"Oasis Midstream Partners delivered a strong second quarter, putting us in an excellent position to deliver our targeted 20% annual growth in distributions per unit while further increasing distribution coverage," said Taylor Reid, Chief Executive Officer of OMP. "We believe our organic forecast supports our targeted distributions per unit growth of 20% annually past year-end 2021, which is an extended runway from prior guidance. We continue to make progress on our new 200 MMscfpd gas plant in Wild Basin, which remains on time and on budget, and we were able to execute multiple third-party deals with compelling economics. These opportunities in conjunction with robust activity levels in the Williston Basin have led to growth above and beyond our initial projections. Since our IPO less than a year ago, we\'ve established an enviable financial position and continue to see significant growth opportunities ahead through both our symbiotic relationship with Oasis Petroleum and strategic relationship with third parties."

For earnings history and earnings-related data on Oasis Midstream Partners LP (OMP) click here.

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