Cone Midstream Partners LP Announces Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2018; announces operating results for the first quarter ended March 31, 2018; reaffirms earnings duidance for 2018
CONE Midstream Partners LP announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of $63,869,000 against $58,958,000 a year ago. Net income attributable to general and limited partner ownership in the company was $27,847,000 against $30,067,000 a year ago. Diluted earnings per share were $0.40 against $0.45 a year ago. Net income was $33,705,000 against $33,240,000 a year ago. EBITDA was $42,050,000 against $39,949,000 a year ago. Adjusted EBITDA was $45,384,000 against $40,905,000 a year ago. Adjusted EBITDA attributable to general and limited partner ownership interest in the company was $34,808,000 against $35,181,000 a year ago. Net cash provided by operating activities was $41,867,000 against $41,180,000 a year ago. Capital expenditures were $15,972,000 against $11,192,000 a year ago.
The company reported unaudited production results for the first quarter ended March 31, 2018.
For the quarter, the company reported total gathered volumes of 1,439 against 1,294 a year ago.
The company reaffirmed earnings guidance for 2018. For the year, the company expects throughput is in between 1,150 MMcfe/d to 1,240 MMcfe/d, capital expenditures is in between $80 million to $90 million and EBITDA is in between $150 million to $165 million.