CONE Midstream Partners LP Profit Rises 78% In Q1

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

The company said its bottom line totaled $24.79 million, or $0.42 per share. This was higher than $13.93 million, or $0.24 per share, in last year's first quarter.

Analysts had expected the company to earn $0.35 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 44.2% to $62.25 million. This was up from $43.17 million last year.

CONE Midstream Partners LP earnings at a glance:

-Earnings (Q1): $24.79 Mln. vs. $13.93 Mln. last year. -Earnings Growth (Y-o-Y): 78.0% -EPS (Q1): $0.42 vs. $0.24 last year. -EPS Growth (Y-o-Y): 75.0% -Analysts Estimate: $0.35 -Revenue (Q1): $62.25 Mln vs. $43.17 Mln last year. -Revenue Change (Y-o-Y): 44.2%