Dominion Midstream Partners (DM) Tops Q4 EPS by 6c

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Dominion Midstream Partners Announces Fourth-Quarter 2016 Earnings

February 1, 2017 7:31 AM EST

RICHMOND, Va., Feb. 1, 2017 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM) reported unaudited net income attributable to the partnership of $36.5 million for the three months ended Dec. 31, 2016.  Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) was $45.8 million, and distributable cash flow was $37.7 million for the quarter. On Dec. 1, 2016, Dominion Midstream successfully completed the acquisition of Questar Pipeline, LLC, from Dominion Resources, Inc. (NYSE: D).

Dominion Midstream uses Adjusted EBITDA and distributable cash flow as the primary performance measurements of its earnings and results... More