EQT Midstream Partners, LP, Profit Rises 39% In Q3

(RTTNews) - EQT Midstream Partners, LP, (EQM) revealed earnings for its third quarter that rose from last year.

The company said its bottom line totaled $94.12 million, or $1.12 per share. This was higher than $67.70 million, or $0.85 per share, in last year's third quarter.

Analysts had expected the company to earn $1.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.0% to $148.79 million. This was up from $120.92 million last year.

EQT Midstream Partners, LP, earnings at a glance:

-Earnings (Q3): $94.12 Mln. vs. $67.70 Mln. last year. -Earnings Growth (Y-o-Y): 39.0% -EPS (Q3): $1.12 vs. $0.85 last year. -EPS Growth (Y-o-Y): 31.8% -Analysts Estimate: $1.10 -Revenue (Q3): $148.79 Mln vs. $120.92 Mln last year. -Revenue Change (Y-o-Y): 23.0%