CONE Midstream Partners LP Reveals 56% Increase In Q2 Bottom Line

(RTTNews) - CONE Midstream Partners LP (CNNX) reported a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line totaled $22.75 million, or $0.39 per share. This was higher than $14.61 million, or $0.25 per share, in last year's second quarter.

Analysts had expected the company to earn $0.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 22.4% to $58.41 million. This was up from $47.72 million last year.

CONE Midstream Partners LP earnings at a glance:

-Earnings (Q2): $22.75 Mln. vs. $14.61 Mln. last year. -Earnings Growth (Y-o-Y): 55.7% -EPS (Q2): $0.39 vs. $0.25 last year. -EPS Growth (Y-o-Y): 56.0% -Analysts Estimate: $0.36 -Revenue (Q2): $58.41 Mln vs. $47.72 Mln last year. -Revenue Change (Y-o-Y): 22.4%