CONE Midstream Partners LP Profit Advances 47% In Q4

(RTTNews) - CONE Midstream Partners LP (CNNX) announced earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line climbed to $22.02 million, or $0.38 per share. This was higher than $14.95 million, or $0.26 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.33 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 38.4% to $58.79 million. This was up from $42.49 million last year.

CONE Midstream Partners LP earnings at a glance:

-Earnings (Q4): $22.02 Mln. vs. $14.95 Mln. last year. -Earnings Growth (Y-o-Y): 47.3% -EPS (Q4): $0.38 vs. $0.26 last year. -EPS Growth (Y-o-Y): 46.2% -Analysts Estimate: $0.33 -Revenue (Q4): $58.79 Mln vs. $42.49 Mln last year. -Revenue Change (Y-o-Y): 38.4%