EnLink Midstream Partners, LP Reports 95% Fall In Q2 Earnings

(RTTNews) - EnLink Midstream Partners, LP (ENLK) reported earnings for second quarter that fell from last year.

The company said its earnings fell to $0.8 million, or $0.01 per share. This was lower than $16.2 million, or $0.09 per share, in last year's second quarter.

Analysts had expected the company to earn $0.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.9% to $1.03 billion. This was down from $1.27 billion last year.

EnLink Midstream Partners, LP earnings at a glance:

-Earnings (Q2): $0.8 Mln. vs. $16.2 Mln. last year. -Earnings Decline (Y-o-Y): -95.1% -EPS (Q2): $0.01 vs. $0.09 last year. -EPS Decline (Y-o-Y): -88.9% -Analysts Estimate: $0.02 -Revenue (Q2): $1.03 Bln vs. $1.27 Bln last year. -Revenue Change (Y-o-Y): -18.9%