CNX Midstream Partners: Q2 Earnings Insights

Shares of CNX Midstream Partners CNXM were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 44.44% year over year to $0.35, which were in line with the estimate of $0.35.

Revenue of $66,038,000 decreased by 15.45% year over year, which beat the estimate of $64,500,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

CNX Midstream Partners hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 30, 2020

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/cnxm/mediaframe/39254/indexr.html

Price Action

52-week high: $16.94

52-week low: $5.20

Price action over last quarter: Up 10.35%

Company Overview

CNX Midstream Partners LP is a US-based limited partnership which is established to own, operate, develop and acquire natural gas gathering and other midstream energy assets. The company's assets include natural gas gathering pipelines and compression and dehydration facilities, as well as condensate gathering, collection, separation, and stabilization facilities. CONE operates through two segments i.e. Anchor Systems, and Additional Systems. The Anchor Systems includes three primary midstream systems i.e. the McQuay System, the Majorsville System, and the Mamont System. The Additional Systems include several gathering systems which are located in the wet gas regions. It generates maximum revenue from Anchor Systems.