September 27, 2016 5:39 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Dominion Midstream Partners, LP

Company Overview

Dominion Midstream Partners, LP owns liquefied natural gas (LNG) import, storage, regasification, and transportation assets. It owns and operates LNG facility located on the Chesapeake Bay in Lusby, Maryland; and has approximately 136 miles of natural gas pipeline that connects its LNG facility to interstate natural gas pipelines. The company also operates interstate pipelines in South Carolina and southeastern Georgia comprising natural gas system consisting of approximately 1,500 miles of transmission pipeline and 5 compressor stations with approximately 34,500 installed compressor horsepower. In addition, it owns and operates a 416-mile interstate natural gas pipeline from the United Stat...

120 Tredegar Street

Richmond, VA 23219

United States

Founded in 2000

Phone:

804-819-2000

Key Executives for Dominion Midstream Partners, LP

Chairman of Dominion Midstream GP LLC, Chief Executive Officer of Dominion Midstream GP LLC and President of Dominion Midstream GP LLC
Age: 62
Total Annual Compensation: $16.2K
Chief Financial Officer of Dominion Midstream GP LLC, Executive Vice President of Dominion Midstream GP LLC and Director of Dominion Midstream GP LLC
Age: 58
Total Annual Compensation: $15.7K
Compensation as of Fiscal Year 2015.

Dominion Midstream Partners, LP Key Developments

Dominion Midstream Partners, LP Presents at 2016 Citi One-on-One MLP/Midstream Infrastructure Conference, Aug-17-2016

Dominion Midstream Partners, LP Presents at 2016 Citi One-on-One MLP/Midstream Infrastructure Conference, Aug-17-2016 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Dominion Midstream Partners, LP to Report Q2, 2016 Results on Aug 03, 2016

Dominion Midstream Partners, LP announced that they will report Q2, 2016 results on Aug 03, 2016

Dominion Midstream Partners, LP Declares Dividend for the Second Quarter of 2016, Payable on August 15, 2016; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

On July 22, 2016, the Board of Directors of Dominion Midstream Partners, LP declared a quarterly distribution of $0.2355 per unit, payable on August 15, 2016, to unitholders of record at the close of business August 5, 2016. Dominion Midstream Partners, LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported operating revenue of $85.6 million compared to $105.4 million a year ago. Income from operations was $48.5 million compared to $47.2 million a year ago. Net income attributable to partners was $22.5 million compared to $17.6 million a year ago. Net income attributable to common unitholders' interest in net income of $12.9 million or $0.28 per basic and diluted share compared to $10.3 million or $0.26 per basic and diluted share a year ago. Net income attributable to subordinated unitholder's interest in net income of $9 million or $0.28 per basic and diluted share compared to $8 million or $0.26 per basic and diluted share a year ago. Adjusted EBITDA was $27.2 million compared to $19.9 million a year ago. Net cash provided by operating activities was $61.9 million compared to $68 million a year ago. Maintenance capital expenditures were $2.3 million compared to $2.4 million a year ago. Distributable cash flow $23.8 million compared to $18.1 million a year ago. For the six months, the company reported operating revenue of $168.6 million compared to $183.8 million a year ago. Income from operations was $93.3 million compared to $91.9 million a year ago. Net income attributable to partners was $45.6 million compared to $29.4 million a year ago. Net income attributable to common unitholders' interest in net income of $26.3 million or $0.57 per basic and diluted share compared to $16.2 million or $0.47 per basic and diluted share a year ago. Net income attributable to subordinated unitholder's interest in net income of $18.3 million or $0.57 per basic and diluted share compared to $13.9 million or $0.44 per basic and diluted share a year ago. Adjusted EBITDA was $52.1 million compared to $31.7 million a year ago. Net cash provided by operating activities was $130.4 million compared to $124.7 million a year ago. Maintenance capital expenditures were $7.8 million compared to $2.4 million a year ago. Distributable cash flow $44.1 million compared to $30 million a year ago.

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