Dominion Energy Midstream Partners Q1 Unitholders' Interest In Net Income Down

(RTTNews) - Dominion Energy Midstream Partners LP (DM) reported that its first-quarter Common unitholders' interest in net income declined to $26.4 million from $27.1 million in the prior year. Net income per limited partner unit declined to $0.35 from $0.37 in the previous year.

Operating revenue declined to $110.1 million from $130.2 million last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share and revenues of $157.4 million for the quarter. Analysts' estimates typically exclude special items.

On April 20, 2018, the Board of Directors declared a quarterly distribution of $0.3340 per common and subordinated unit, payable on May 15, 2018, to such unitholders of record at the close of business May 4, 2018. This distribution represents a 5 percent increase over the fourth-quarter 2017 distribution.