Cone Midstream Continues to Impress – 2Q16 Update

CONE logoCONE Midstream, a joint venture between CONSOL Energy and Noble Energy (get it? CO from CONSOL and NE from Noble Energy) was formed in summer 2014 (see CONSOL & Noble Energy Form New Marcellus Midstream Company). When CONE released their 1Q16 update, we pointed out what a gem of a midstream (i.e. pipeline) company it is (see CONE Midstream 1Q16: Profits Up, Volumes Up, Looking Great!). CONE has just released their 2Q16 update and once again shows a company with strong financial performance. Yes, net income went down ever so slightly from 2Q15 ($24.5 million in 2Q16 vs. $24.9 million in 2Q15), but overall the company continues to do great…

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