Revenue Update on EQT Midstream Partners LP(NYSE:EQM)

EQT Midstream Partners LP(NYSE:EQM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $165.28M. Analysts estimated a revenue of $171.79M. Earnings per share were $1.27. Analysts had estimated an EPS of $1.15.

EQT Midstream Partners LP (EQM) shares turned negative on Thursdays trading session with the shares closing down -1.16 points or -1.48% at a volume of 4,21,309. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $78.8. The peak price level was also seen at $78.8 while the days lowest was $76.79. Finally the shares closed at $77. The 52-week high of the shares is $81.35 while the 52-week low is $56.52. According to the latest information available, the market cap of the company is $6,205 M.

Several Insider Transactions has been reported to the SEC. On Mar 20, 2015, Michael A Bryson (director) purchased 1,000 shares at $75.00 per share price.

EQT Midstream Partners LP (the Partnership) owns operates acquires and develops midstream assets in the Appalachian Basin. The Partnership provides all of its natural gas transmission storage and gathering services under contracts with long-term firm reservation and/or usage fees. The Partnership’s operations are primarily focused in southwestern Pennsylvania and northern West Virginia a location in the core of the developing natural gas shale play known as the Marcellus Shale. The Partnership provides midstream services to EQT Corporation (EQT) and multiple third parties across 21 counties in Pennsylvania and West Virginia through its two primary assets: the transmission and storage system which serves as a header system transmission pipeline and the gathering system which delivers natural gas from wells and other receipt points to transmission pipelines.

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