| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Revenue | ||||||
Gathering revenue — related party | ||||||
231,482 | 167,048 | 184,693 | 239,211 | 203,423 | 130,087 | |
Gathering revenue — third party | ||||||
74,315 | 89,620 | 49,155 | 0 | 0 | - | |
Other income | ||||||
- | - | - | - | - | 85 | |
Total Revenue | ||||||
305,797 | 256,668 | 233,848 | 239,211 | 203,423 | 130,172 | |
Expenses | ||||||
Operating expense — related party (Note 4) | ||||||
22,943 | 19,814 | 25,513 | 29,771 | 29,937 | 24,072 | |
Operating expense — third party | ||||||
23,964 | 27,343 | 26,640 | 30,405 | 28,987 | 27,371 | |
General and administrative expense — related party (Note 4) | ||||||
15,928 | 13,867 | 10,750 | 10,446 | 8,636 | 4,726 | |
General and administrative expense — third party | ||||||
5,769 | 8,595 | 5,717 | 5,384 | 4,444 | 1,822 | |
(Gain) loss on asset sales and abandonments | ||||||
-7,229 | -2,501 | -3,914 | -10,083 | 0 | - | |
Pipe revaluation | ||||||
- | - | - | - | - | 0 | |
Depreciation expense | ||||||
24,371 | 21,939 | 22,692 | 21,201 | 15,053 | 7,330 | |
Interest expense | ||||||
30,293 | 23,614 | 4,560 | 1,799 | 835 | 24 | |
Total Expense | ||||||
130,497 | 117,673 | 99,786 | 109,089 | 87,892 | 65,345 | |
Net Income | ||||||
175,300 | 138,995 | 134,062 | 130,122 | 115,531 | 64,827 | |
Less: Pre-IPO net income attributed to Predecessor | ||||||
- | - | - | - | - | 41,591 | |
Less: Net income (loss) income attributable to noncontrolling interest | ||||||
989 | 4,953 | 19,069 | 33,636 | 44,284 | 7,858 | |
Calculation of Limited Partner Interest in Net Income: | ||||||
Net Income Attributable to General and Limited Partner Ownership Interest in CNX Midstream Partners LP | ||||||
174,311 | 134,042 | 114,993 | 96,486 | 71,247 | 15,378 | |
Less: General partner interest in net income, including incentive distribution rights | ||||||
18,707 | 13,387 | 5,614 | 2,526 | 1,425 | 308 | |
Limited partner interest in net income | ||||||
155,604 | 120,655 | 109,379 | 93,960 | 69,822 | 15,070 | |
Earnings per limited partner unit: | ||||||
Basic (in dollars per unit) | ||||||
2.44 | 1.90 | 1.72 | 1.59 | 1.20 | 0.26 | |
Diluted (in dollars per unit) | ||||||
2.44 | 1.89 | 1.72 | 1.58 | 1.20 | 0.26 | |
Weighted average number of limited partner units outstanding (in thousands): | ||||||
Basic (in shares) | ||||||
63,726 | 63,635 | 63,582 | 59,207 | 58,326 | 58,326 | |
Diluted (in shares) | ||||||
63,769 | 63,694 | 63,634 | 59,289 | 58,340 | 58,326 | |