Oasis Midstream Partners LP (OMP) Tops Q4 EPS by 94c
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Oasis Midstream Partners LP Announces Year Ended December 31, 2020 Earnings and Declares Fourth Quarter Distribution of $0.54/unit
February 24, 2021 5:31 PM ESTHOUSTON, Feb. 24, 2021 /PRNewswire/ -- Oasis Midstream Partners LP (Nasdaq: OMP) (the "Partnership" or "OMP") today announced financial results for the quarter and year ended December 31, 2020 and updated its 2021 outlook.
2020 Highlights:
Net income was $69.3MM and net cash from operating activities was $47.2MM in 4Q20. Exceeded high-end of 4Q20 Adjusted EBITDA guidance. 4Q20 Adjusted EBITDA(1) was $52.1MM and net Adjusted EBITDA(1) to the Partnership was $34.9MM. Distributable Cash Flow ("DCF") was $30.8MM in 4Q20(1), resulting in distribution coverage of 1.6x.... More