Dominion Midstream Partners LP (DM) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Dominion Midstream Partners LP (DM) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.29. The company posted revenue of $85.60 million in the period, compared to analysts expectations of $88.32 million. The company’s revenue was down -18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Dominion Midstream Partners LP. Dominion Midstream Partners LP was Initiated by Stifel to “Hold” on Jul 13, 2016.

Dominion Midstream Partners LP opened for trading at $26.25 and hit $26.7052 on the upside on Tusday, eventually ending the session at $26.42, with a gain of 0.84% or 0.22 points. The heightened volatility saw the trading volume jump to 1,49,194 shares. Company has a market cap of $2,053 M.

In a different news, on Oct 6, 2015, John W. Snow (director) purchased 17,500 shares at $28.27 per share price. According to the SEC, on Sep 14, 2015, Thomas F Ii Farrell (CEO) purchased 5,000 shares at $29.96 per share price. On Aug 24, 2015, Mark F Mcgettrick (CFO) purchased 5,000 shares at $34.95 per share price, according to the Form-4 filing with the securities and exchange commission.

Dominion Midstream Partners LP (Dominion Midstream) through its wholly owned subsidiary Cove Point GP Holding Company LLC owns the preferred equity interests and the general partner interest of Dominion Cove Point LNG LP (Cove Point) which owns liquefied natural gas (LNG) import storage regasification and transportation assets. Cove Point’s operations consist of LNG import and storage services at the Cove Point LNG Facility and the transportation of domestic natural gas and regasified LNG to Mid-Atlantic markets via the Cove Point Pipeline. The Cove Point LNG Facility includes an offshore pier LNG storage tanks regasification facilities and associated equipment. The Cove Point Pipeline is a 36-inch diameter bi-directional underground interstate natural gas pipeline. Cove Point is engaged in the process of constructing the Liquefaction Project.

Dominion Midstream Partners LP

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