Oasis Midstream Partners LP (OMP) Tops Q3 EPS by 7c
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Oasis Midstream Partners LP Announces Quarter Ended September 30, 2019 Earnings
November 5, 2019 4:30 PM ESTHOUSTON, Nov. 5, 2019 /PRNewswire/ -- Oasis Midstream Partners LP (NYSE: OMP) ("OMP" or the "Partnership") today announced financial and operating results for the third quarter of 2019.
Highlights
Declared the quarterly cash distribution of $0.515 per unit for 3Q 2019, an approximate 5% increase from 2Q 2019. Net income was $55.3 million and net cash from operating activities was $58.1 million in 3Q 2019. Delivered $68.9 million of Adjusted EBITDA(1) and $42.0 million of net Adjusted EBITDA to the Partnership(1) in 3Q 2019. Generated $35.7 million of DCF(1) in 3Q 2019, resulting in distribution coverage... More