CNX Midstream: 2Q Earnings Snapshot
CANONSBURG, Pa. (AP) _ CNX Midstream Partners LP (CNXM) on Thursday reported second-quarter net income of $30 million.
The Canonsburg, Pennsylvania-based company said it had net income of 43 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The natural gas assets owner posted revenue of $61 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $67.9 million.
CNX Midstream shares have climbed 21 percent since the beginning of the year. The stock has dropped slightly more than 1 percent in the last 12 months.