EQT Midstream Partners, LP, Q1 Earnings Climb 45%

(RTTNews) - EQT Midstream Partners, LP, (EQM) released a profit for its first quarter that advanced from last year.

The company said its bottom line advanced to $107.88 million, or $1.39 per share. This was higher than $74.47 million, or $1.18 per share, in last year's first quarter.

Analysts had expected the company to earn $1.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.7% to $180.60 million. This was up from $154.81 million last year.

EQT Midstream Partners, LP, earnings at a glance:

-Earnings (Q1): $107.88 Mln. vs. $74.47 Mln. last year. -Earnings Growth (Y-o-Y): 44.9% -EPS (Q1): $1.39 vs. $1.18 last year. -EPS Growth (Y-o-Y): 17.8% -Analysts Estimate: $1.19 -Revenue (Q1): $180.60 Mln vs. $154.81 Mln last year. -Revenue Change (Y-o-Y): 16.7%