Oasis Midstream Partners LP (OMP) Misses Q2 EPS by 26c, Revenues Miss
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Oasis Midstream Partners LP Announces Quarter Ended June 30, 2020 Earnings
August 5, 2020 8:00 AM EDTHOUSTON, Aug. 5, 2020 /PRNewswire/ -- Oasis Midstream Partners LP (Nasdaq: OMP) ("OMP" or the "Partnership") today announced financial and operating results for the second quarter of 2020.
Second Quarter 2020 Highlights
Declared the quarterly cash distribution of $0.54 per unit. Net income was $22.7 million and net cash from operating activities was $51.5 million. Adjusted EBITDA(1) was $40.0 million and Adjusted EBITDA attributable to Oasis Midstream Partners LP(1) was $25.8 million. Distributable cash flow(1)(2) ("DCF") was $20.4 million and DCF coverage was 1.1x(2). Reduced direct operating expenses approximately 34%... More