Dominion Energy Midstream Partners (DM) Tops Q2 EPS by 5c, Miss on Revenues

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Go back to Dominion Energy Midstream Partners (DM) Tops Q2 EPS by 5c, Miss on Revenues

Dominion Energy Midstream Partners Announces Second-Quarter 2018 Earnings

August 1, 2018 7:31 AM EDT

RICHMOND, Va., Aug. 1, 2018 /PRNewswire/ -- Dominion Energy Midstream Partners, LP (NYSE: DM), reported unaudited net income attributable to the partnership of $47.9 million for the three months ended June 30, 2018.  Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) were $76.3 million for the second quarter, and distributable cash flow was $49.3 million for the quarter. The distribution coverage ratio was 1.11 times at the end of the second-quarter.

Dominion Energy Midstream uses Adjusted EBITDA and distributable cash flow as the primary performance measurements of its earnings and results for public communications with analysts... More