Rice Midstream Partners LP (RMP) was formed by Rice Energy Inc. (RICE) – an upstream energy player. The partnership generates cash flow by providing midstream services to its parent company and also to third parties. Rice Midstream Partners’ operating assets include gathering and compression facilities for natural gas.
Currently, the partnership has a Zacks Rank #3 (Hold) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Rice Midstream Partners posted fourth-quarter 2014 earnings of 2 cents per limited-partner unit, which widely missed the Zacks Consensus Estimate of 14 cents.
Distributable Cash Flow: Rice Midstream Partners’ distributable cash flow – subsequent to IPO − for the fourth-quarter 2014 came in at $1.4 million.
Cash Distribution: On January this year, the partnership stated that its initial cash distribution for fourth quarter was 2.04 cents per common unit.
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