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Rice Midstream Partners (RMP) Misses on Q1 Earnings - Tale of the Tape

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Rice Midstream Partners LP ( RMP ) was formed by Rice Energy Inc. ( RICE ) - an upstream energy player. The partnership generates cash flow by providing midstream services to its parent company and also to third parties. Rice Midstream Partners' operating assets include gathering and compression facilities for natural gas.

Currently, the partnership has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: Rice Midstream Partners posted first-quarter 2015 earnings of 16 cents per limited-partner unit, which compared unfavorably with the Zacks Consensus Estimate of 20 cents.

Revenues: Rice Midstream Partners reported operating revenues of $16.2 million, surpassing the Zacks Consensus Estimate of $16 million.

Distributable Cash Flow: Rice Midstream Partners' distributable cash flow - subsequent to IPO − for the first-quarter 2015 came in at $10.9 million.

Cash Distribution: On Apr 24, the partnership announced cash distribution for first quarter of 18.75 cents per common unit.

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RICE MIDSTREAM (RMP): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.