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home / news releases / CNXM - CNX Midstream Partners: The Distribution May Be Cut But It Could Return One Day


CNXM - CNX Midstream Partners: The Distribution May Be Cut But It Could Return One Day

Introduction

It would not be too much of a stretch to imagine that many unitholders in CNX Midstream Partners (CNXM) were quite disappointed when their distributions were reduced by 80% earlier in 2020 when the Covid-19 economic turmoil struck. Whilst this has left their current distribution yield at around only 5%, the yield on cost would jump to a very high 25% if their previous distributions were reinstated one day in the future. Admittedly, this does not appear likely in the short term; however, they are well-positioned in the medium term once operating

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Stock Information

Company Name: CNX Midstream Partners LP representing limited partner interests
Stock Symbol: CNXM
Market: NYSE
Website: cnxmidstream.com

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