Dominion Energy Midstream Partners Q2 Profit Tops View - Quick Facts

(RTTNews) - Dominion Energy Midstream Partners LP (DM) reported that its second-quarter common unitholders' interest in net income rose to $38.4 million from $21.8 million in the prior-year quarter. Net income per limited partner unit increased to $0.42 from $0.31 in the previous-year quarter.

Operating revenue for the quarter grew to $247.6 million from $115.7 million in the same period last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share on revenues of $291.16 million for the quarter. Analysts' estimates typically exclude special items.

On July 25, 2018, the company's board of directors declared a quarterly distribution of $0.3510 per common unit, payable on August 15, 2018, to unitholders of record at the close of business August 6, 2018. This distribution represents a 5 percent increase over the first-quarter 2018 distribution.