Dominion Energy Midstream Partners, LP

CIK:0001603286|SEC Filings
v3.10.0.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Revenue [1] $ 284.2 $ 113.0 $ 641.9 $ 358.9
Other operations and maintenance:        
Affiliated suppliers 18.4 21.2 59.6 53.7
Other 36.2 12.0 87.7 48.7
Depreciation and amortization 51.0 26.5 122.8 76.8
Other taxes 18.9 9.3 38.1 27.8
Total operating expenses 124.8 78.1 321.1 238.1
Income from operations 159.4 34.9 320.8 120.8
Earnings from equity method investees 5.6 6.2 22.7 19.4
Other income [1] 2.7 1.7 5.9 4.3
Interest and related charges [1] 9.1 7.9 24.9 23.7
Net income including noncontrolling interest and predecessors 158.6 34.9 324.5 120.8
Less: Net income (loss) attributable to noncontrolling interest 111.1 (13.7) 171.8 (22.0)
Net income attributable to partners 47.5 [2] 48.6 152.7 142.8
Net income attributable to partners' ownership interest        
Net income attributable to limited partners 9.5 9.5 28.5 28.5
General partner's interest in net income   4.0 8.9 7.0
Purchased Gas and Other        
Operating Expenses        
Purchased gas and other [1] 0.3 9.1 12.9 31.1
Convertible Preferred Units        
Net income attributable to partners' ownership interest        
Net income attributable to limited partners 9.5 9.5 28.5 28.5
Common Units        
Other operations and maintenance:        
Net income attributable to partners 38.0 [2] 23.8 105.9 72.7
Net income attributable to partners' ownership interest        
Net income attributable to limited partners $ 38.0 $ 23.8 $ 102.8 $ 72.7
Net income per limited partner unit (basic)        
Net income per limited partner unit (basic) (in dollars per unit) $ 0.30 [2] $ 0.35 $ 1.13 $ 1.08
Net income per limited partner unit (diluted)        
Net income per limited partner unit (diluted) (in dollars per unit) $ 0.30 $ 0.33 $ 1.07 $ 1.02
Subordinated Units        
Other operations and maintenance:        
Net income attributable to partners   $ 11.3 $ 9.4 [3] $ 34.6
Net income attributable to partners' ownership interest        
Net income attributable to limited partners   $ 11.3 $ 12.5 $ 34.6
Net income per limited partner unit (basic)        
Net income per limited partner unit (basic) (in dollars per unit)   $ 0.35 $ 0.59 [3] $ 1.08
Net income per limited partner unit (diluted)        
Net income per limited partner unit (diluted) (in dollars per unit)   $ 0.35 $ 0.59 [3] $ 1.08
[1] See Note 16 for amounts attributable to related parties.
[2] For the three months ended September 30, 2018, basic and diluted earnings per unit are equal as the Series A Preferred Units would have been antidilutive.
[3] See Note 4 for more information regarding the conversion of subordinated units in May 2018.