Oasis Midstream Partners LP (OMP) Tops Q3 EPS by 7c

Oasis Midstream Partners LP (NYSE: OMP) reported Q3 EPS of $0.91, $0.07 better than the analyst estimate of $0.84. Revenue for the quarter came in at $100.69 million versus the consensus estimate of $100.48 million.

"Oasis Midstream Partners executed extremely well in the third quarter, with the continued ramp up of our gas complex driving record high EBITDA and distribution coverage," said Taylor Reid, Chief Executive Officer of OMP. "We exceeded guidance across most commodity streams and remain on track to deliver a strong fourth quarter of 2019, while growing the distribution 20% year over year. The team has done an exceptional job growing third-party business, which is approximately 20% of our third quarter EBITDA and is projected to be approximately 20% in the fourth quarter as well. Looking forward, OMP stands to benefit from its diversified asset base, growing third-party business and strong operational momentum heading into 2020."

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

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