CONE Midstream Partners LP Reports 20% Advance In Q3 Earnings

(RTTNews) - CONE Midstream Partners LP (CNNX) reported earnings for its third quarter that advanced from last year.

The company said its bottom line came in at $23.63 million, or $0.40 per share. This was higher than $19.66 million, or $0.33 per share, in last year's third quarter.

Analysts had expected the company to earn $0.37 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.0% to $60.73 million. This was up from $53.75 million last year.

CONE Midstream Partners LP earnings at a glance:

-Earnings (Q3): $23.63 Mln. vs. $19.66 Mln. last year. -Earnings Growth (Y-o-Y): 20.2% -EPS (Q3): $0.40 vs. $0.33 last year. -EPS Growth (Y-o-Y): 21.2% -Analysts Estimate: $0.37 -Revenue (Q3): $60.73 Mln vs. $53.75 Mln last year. -Revenue Change (Y-o-Y): 13.0%