CNX Midstream Partners (NYSE:CNXM) announced its earnings results on Thursday. The pipeline company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01, MarketWatch Earnings reports. CNX Midstream Partners had a return on equity of 41.67% and a net margin of 56.42%. The firm had revenue of $66.04 million for the quarter.
Shares of CNXM traded up $0.40 during trading hours on Friday, hitting $8.96. The stock had a trading volume of 1,321,262 shares, compared to its average volume of 1,120,786. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.41 and a current ratio of 0.41. The firm has a market cap of $804.60 million, a P/E ratio of 4.11 and a beta of 1.08. The company’s fifty day simple moving average is $7.08 and its 200 day simple moving average is $9.66. CNX Midstream Partners has a 12-month low of $5.20 and a 12-month high of $16.94.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, August 7th will be given a $0.50 dividend. This is a positive change from CNX Midstream Partners’s previous quarterly dividend of $0.08. This represents a $2.00 annualized dividend and a dividend yield of 22.32%. The ex-dividend date of this dividend is Thursday, August 6th. CNX Midstream Partners’s dividend payout ratio (DPR) is 13.52%.
CNX Midstream Partners Company Profile
CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The company operates through two segments, Anchor Systems and Additional Systems. As of December 31, 2018, the company operated 14 compression and dehydration facilities.
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