EQT Midstream Partners, LP, Q4 Profit Rises 39%

(RTTNews) - EQT Midstream Partners, LP, (EQM) released earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line rose to $94.41 million, or $1.26 per share. This was higher than $68.01 million, or $1.12 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.9% to $165.92 million. This was up from $138.39 million last year.

EQT Midstream Partners, LP, earnings at a glance:

-Earnings (Q4): $94.41 Mln. vs. $68.01 Mln. last year. -Earnings Growth (Y-o-Y): 38.8% -EPS (Q4): $1.26 vs. $1.12 last year. -EPS Growth (Y-o-Y): 12.5% -Analysts Estimate: $1.09 -Revenue (Q4): $165.92 Mln vs. $138.39 Mln last year. -Revenue Change (Y-o-Y): 19.9%