PennTex Midstream Partners (PTXP) Misses Q1 EPS by 9c

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Go back to PennTex Midstream Partners (PTXP) Misses Q1 EPS by 9c

PennTex Midstream Partners, LP Reports First Quarter 2016 Results

May 6, 2016 6:30 AM EDT

HOUSTON, May 06, 2016 (GLOBE NEWSWIRE) -- PennTex Midstream Partners, LP (NASDAQ: PTXP) (the Partnership) today reported first quarter 2016 financial and operational results.

Highlights for the First Quarter 2016 Include:

Average processing volumes of 276 MDth/dAdjusted EBITDA(1) of $15.1 millionDistributable cash flow(1) of $13.3 millionAnnounced a distribution of $0.2750 per unit, or $1.10 per unit on an annualized basis

(1) Please see Supplemental Non-GAAP Financial Measures for a description and reconciliation of Adjusted EBITDA and distributable cash flow.

Commenting on the results, Thomas F. Karam, Chairman and Chief Executive... More