Rice Midstream Partners LP (RMP) Tops Q2 EPS by 12c

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Go back to Rice Midstream Partners LP (RMP) Tops Q2 EPS by 12c

Rice Midstream Partners Reports Second Quarter 2016 Financial and Operating Results and Provides 2016 Capital Budget and Guidance Update

August 3, 2016 4:05 PM EDT

CANONSBURG, Pa., Aug. 3, 2016 /PRNewswire/ -- Rice Midstream Partners LP (NYSE: RMP) ("RMP" or the "Partnership") today reported second quarter 2016 financial and operating results. Highlights to date include:

Average throughput of 934 MDth/d, a 43% increase over the prior year quarter and a 12% increase relative to first quarter 2016 Net income of $27.9 million; net cash provided by operating activities of $38.2 million Adjusted EBITDA(1) of $37.8 million, a 127% increase over the prior year quarter and an 11% sequential quarter decrease due to anticipated reduced water volumes from fewer wells completed... More