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Oasis Midstream earnings expectation
Posted: Mon Aug 02, 2021 12:28 pm
by RTaber1
What is your earnings estimate for OMP for the second quarter? What seems more likely, an earnings beat or miss?
Where can we find on EPG a third party's oil price forecast? Thank you.
Re: Oasis Midstream earnings expectation
Posted: Mon Aug 02, 2021 12:45 pm
by dan_s
I just posted Raymond James' new oil price forecast under the View From Houston tab here on the Forum. It is pretty close to what the other members of the Wall Street Gang is expecting.
I cannot post their actual forecasts to the EPG website because of copyright issues.
Oasis Midstream Partners LP (Nasdaq: OMP) ("Oasis Midstream" or the "Partnership") plans to announce its Second Quarter 2021 financial and operational results on Tuesday, August 3, 2021 at market close. Additionally, the Company will host a live webcast and conference call on Wednesday, August 4, 2021 at 10:00 a.m. Central Time to discuss Second Quarter 2021 financial and operational results.
I am expecting them to beat First Call's Q2 EPS estimate of $0.71/unit.
OMP is an MLP which is up ~91% YTD. The Company's quarterly cash distribution is $0.55/unit for annual yield of 9.9% based on today's unit price. They should generate more than enough DCF to raise their quarterly distributions.