Dominion Energy Midstream Partners (DM) Misses Q3 EPS by 2c

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Dominion Energy Midstream Partners Announces Third-Quarter 2018 Earnings

November 1, 2018 7:31 AM EDT

RICHMOND, Va., Nov. 1, 2018 /PRNewswire/ -- Dominion Energy Midstream Partners, LP (NYSE: DM), reported unaudited net income attributable to the partnership of $47.5 million for the three months ended Sept. 30, 2018.  Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) were $76.0 million for the third-quarter, and distributable cash flow was $50.1 million for the quarter. The distribution coverage ratio was 1.07 times at the end of the third-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 and... More