Cone Midstream Partners Q2 EPS Beats Street View as Revenues Fall Short

Cone Midstream Partners LP, a midstream energy assets company, reported Q2 net income per limited partner unit of $0.44, up from $0.39 for the same period last year, and ahead of the Capital IQ consensus forecast of $0.41.

Total revenues for the quarter were $56.5 million, down from $58.4 million on the year-ago quarter, but short of he analyst forecast of $60.2 million. For full-year 2017, the company forecasts net Income of $137.4 million, and adjusted EBITDA of $166.8 million.

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