PennTex Midstream Partners (PTXP) Tops Q2 EPS by 1c

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Go back to PennTex Midstream Partners (PTXP) Tops Q2 EPS by 1c

PennTex Midstream Partners, LP Reports Second Quarter 2015 Results

August 7, 2015 7:30 AM EDT

HOUSTON, Aug. 7, 2015 (GLOBE NEWSWIRE) -- PennTex Midstream Partners, LP (NASDAQ: PTXP) (the "Partnership") today reported second quarter 2015 financial and operational results.

Highlights for the quarter include:

Completed $225 million initial public offering of 11,250,000 common units at a price of $20.00 per common unit (the "IPO") Completed the Lincoln Parish plant, a 200 MMcf per day design-capacity cryogenic natural gas processing plant, and related natural gas gathering and residue gas transportation pipelines Adjusted EBITDA(1) of $1.1 million for the 22-day post-IPO period Distributable cash flow of $1.0 million for the... More