Revenue Update on Dominion Midstream Partners LP(NYSE:DM)

Dominion Midstream Partners LP(NYSE:DM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $85.60M. Analysts estimated a revenue of $93.83M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.29.

Dominion Midstream Partners LP (DM) shares turned negative on Fridays trading session with the shares closing down -0.2 points or -0.78% at a volume of 25,024. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.09. The peak price level was also seen at $26.09 while the days lowest was $25.48. Finally the shares closed at $25.54. The 52-week high of the shares is $37.93 while the 52-week low is $23.12. According to the latest information available, the market cap of the company is $1,984 M.

Several Insider Transactions has been reported to the SEC. On Jun 21, 2016, Resources Inc /va/ Dominion (director 10% owner) purchased 37,382 shares at $26.61 per share price.Also, On Oct 6, 2015, John W. Snow (director) purchased 17,500 shares at $28.27 per share price.On Sep 14, 2015, Thomas F Ii Farrell (CEO) purchased 5,000 shares at $29.96 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.

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