CNX Midstream: 4Q Earnings Snapshot
CANONSBURG, Pa. (AP) _ CNX Midstream Partners LP (CNXM) on Thursday reported fourth-quarter profit of $42.6 million.
The Canonsburg, Pennsylvania-based company said it had profit of 59 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The natural gas assets owner posted revenue of $70.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $65.9 million.
For the year, the company reported profit of $134 million, or $1.89 per share. Revenue was reported as $256.7 million.
CNX Midstream shares have risen slightly more than 7 percent since the beginning of the year. The stock has decreased 12 percent in the last 12 months.