Antero Midstream Partners LP Reports 6% Drop In Q3 Earnings

(RTTNews) - Antero Midstream Partners LP (AM) reported earnings for third quarter that decreased compared to the same period last year.

The company said its profit came in at $61.83 million, or $0.33 per share. This was lower than $65.72 million, or $0.37 per share, in last year's third quarter.

Analysts had expected the company to earn $0.42 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.7% to $193.63 million. This was up from $150.48 million last year.

Antero Midstream Partners LP earnings at a glance:

-Earnings (Q3): $61.83 Mln. vs. $65.72 Mln. last year. -Earnings Decline (Y-o-Y): -5.9% -EPS (Q3): $0.33 vs. $0.37 last year. -EPS Decline (Y-o-Y): -10.8% -Analysts Estimate: $0.42 -Revenue (Q3): $193.63 Mln vs. $150.48 Mln last year. -Revenue Change (Y-o-Y): 28.7%