Cnx midstream partners lp (CNXM)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14
Revenue
Gathering revenue — related party

62,178

63,048

55,453

59,205

53,776

50,720

41,022

37,576

37,730

37,369

32,699

55,667

58,958

57,827

60,729

58,407

62,248

58,785

53,753

47,717

43,168

35,770

Gathering revenue — third party

17,953

18,453

18,523

18,896

18,443

20,097

19,946

23,438

26,139

24,329

23,959

867

0

-

0

0

-

-

-

-

-

-

Miscellaneous income

65

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Revenue

80,196

81,501

73,976

78,101

72,219

70,817

60,968

61,014

63,869

61,698

56,658

56,534

58,958

57,827

60,729

58,407

62,248

58,785

53,753

47,717

43,168

35,770

Expenses
Operating expense — related party (Note 4)

3,828

4,776

6,105

6,514

5,548

5,169

5,131

5,079

4,435

4,472

6,324

7,089

7,628

7,140

7,209

7,078

8,344

7,858

8,095

6,940

7,044

6,030

Operating expense — third party

8,596

6,190

5,612

6,188

5,974

6,599

4,870

7,406

8,468

7,718

6,332

5,957

6,633

6,083

7,769

7,879

8,674

6,781

4,736

8,940

8,530

6,908

General and administrative expense — related party (Note 4)

2,857

4,361

3,573

4,027

3,967

3,575

3,060

3,620

3,612

2,538

2,666

2,663

2,883

3,925

2,624

2,213

1,684

2,251

2,413

1,995

1,977

1,599

General and administrative expense — third party

2,765

1,633

1,236

1,364

1,536

1,956

1,771

2,319

2,549

2,450

1,042

1,033

1,192

2,189

1,049

1,153

993

911

968

1,223

1,342

107

(Gain) loss on asset sales and abandonments

11

0

0

0

-7,229

0

0

254

-2,755

0

0

-3,241

-673

-

0

-10,083

-

-

-

-

-

-

Pipe revaluation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

Depreciation expense

7,578

6,677

6,184

5,860

5,650

5,334

5,306

5,443

5,856

5,717

5,629

5,675

5,671

5,818

5,392

5,152

4,839

4,623

3,769

3,667

2,994

1,808

Interest expense

8,793

7,668

7,601

7,685

7,339

6,751

7,255

7,119

2,489

1,201

1,197

1,124

1,038

694

305

381

419

565

158

47

65

0

Total Expense

34,406

31,305

30,311

31,638

37,243

29,384

27,393

30,732

30,164

24,096

23,190

26,782

25,718

25,849

24,348

33,939

24,953

22,989

20,139

22,812

21,952

16,452

Net Income

45,790

50,196

43,665

46,463

34,976

41,433

33,575

30,282

33,705

37,602

33,468

29,752

33,240

31,978

36,381

24,468

37,295

35,796

33,614

24,905

21,216

19,318

Less: Net income (loss) income attributable to noncontrolling interest

571

1,700

-298

-282

-131

-1,118

-64

277

5,858

10,581

4,554

761

3,173

7,130

12,750

1,251

12,505

13,330

13,957

9,993

7,004

82

Net Income Attributable to General and Limited Partner Ownership Interest in CNX Midstream Partners LP

45,219

-

43,963

46,745

35,107

-

33,639

30,005

27,847

-

28,914

28,991

30,067

-

23,631

23,217

24,790

-

19,657

14,912

14,212

19,236

Calculation of Limited Partner Interest in Net Income:
Net Income Attributable to General and Limited Partner Ownership Interest in CNX Midstream Partners LP

45,219

48,496

43,963

46,745

35,107

42,551

33,639

30,005

27,847

27,021

28,914

28,991

30,067

24,848

23,631

23,217

24,790

22,466

19,657

14,912

14,212

127

Less: General partner interest in net income, including incentive distribution rights

0

0

7,103

6,325

5,279

4,635

3,697

2,903

2,152

1,676

1,504

1,305

1,129

1,093

473

464

496

450

393

298

284

3

Limited partner interest in net income

45,219

48,496

36,860

40,420

29,828

37,916

29,942

27,102

25,695

25,345

27,410

27,686

28,938

23,755

23,158

22,753

24,294

22,016

19,264

14,614

13,928

124

Earnings per limited partner unit:
Basic (in dollars per unit)

0.50

0.76

0.58

0.63

0.47

0.60

0.47

0.43

0.40

0.39

0.43

0.44

0.46

0.38

0.40

0.39

0.42

0.38

0.33

0.25

0.24

0.00

Diluted (in dollars per unit)

0.49

0.76

0.58

0.63

0.47

0.59

0.47

0.43

0.40

0.40

0.43

0.44

0.45

0.37

0.40

0.39

0.42

0.38

0.33

0.25

0.24

0.00

Weighted average number of limited partner units outstanding (in thousands):
Basic (in shares)

89,797

63,739

63,735

63,732

63,698

63,641

63,638

63,638

63,623

63,589

63,588

63,585

63,566

61,799

58,343

58,343

58,343

58,326

58,326

58,326

58,326

58,326

Diluted (in shares)

92,822

63,793

63,770

63,755

63,758

63,731

63,709

63,677

63,659

63,630

63,645

63,644

63,617

61,945

58,431

58,415

58,365

58,303

58,333

58,364

58,360

58,326

Cash distributions declared per unit (in dollars per share)

0.08

-

0.40

0.38

0.37

-

0.34

0.33

0.32

-

0.30

0.29

0.28

-

0.26

0.25

0.24

-

0.22

0.22

0.21

-