Revenue Update on Rice Midstream Partners LP(NYSE:RMP)

Rice Midstream Partners LP(NYSE:RMP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $46.55M. Analysts estimated a revenue of $39.23M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.26.

Rice Midstream Partners LP (RMP) made into the market gainers list on Fridays trading session with the shares advancing 1.04% or 0.22 points. Due to strong positive momentum, the stock ended at $21.42, which is also near the day’s high of $21.52. The stock began the session at $21.13 and the volume stood at 94,620 shares. The 52-week high of the shares is $22 and the 52 week low is $8.4001. The company has a current market capitalization of $1,739 M and it has 8,11,70,847 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 21, 2015, Grayson T. Lisenby (officer ) purchased 3,500 shares at $15.90 per share price.Also, On Aug 11, 2015, James Wilmot Rogers (officer ) purchased 3,000 shares at $16.40 per share price.On Mar 17, 2015, William E. Jordan (officer ) purchased 2,500 shares at $13.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Rice Midstream Partners LP is a limited partnership that owns operates develops and acquires midstream assets in the Appalachian Basin. The Company is engaged in oil and natural gas gathering and processing. The Company’s assets consist of natural gas gathering and compression assets servicing producers in the developing dry gas core of the Marcellus Shale in southwestern Pennsylvania. The Company provides its services under long-term fixed-fee contracts primarily to Rice Energy Inc. in one of its core operating areas. The Company’s assets consisted of: a 2.8 million of dekatherms per day high-pressure dry gas gathering system and associated compression in Washington County Pennsylvania and a 420 million of dekatherms per day high-pressure dry gas gathering system in Greene County Pennsylvania.

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