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BPMP - BP Midstream Partners EPS misses by $0.03 misses on revenue
BP Midstream Partners LP representing Limited Partner Interests
BP Midstream Partners (NYSE:BPMP): Q2 GAAP EPS of $0.37 misses by $0.03. Revenue of $29.3M (-7.0% Y/Y) misses by $0.85M Gross debt to Adjusted EBITDA ratio of 2.6 times. Cash on hand of $137.3 million at June 30, 2021, an increase of $10.4 million since year end 2020. In response to a non-binding offer on August 4, 2021, BPMP has temporarily suspended providing forward guidance and temporarily suspended its formal unitholder engagement program, such as attending investor conferences and roadshows. Press Release