Vmbook Online ordering
Oil Gas Pipelines
QEP Midstream Partners LP (QEPM) is a master limited partnership (MLP) that focuses on the gathering, compression, processing, and transportation of natural gas and the gathering, transportation, and disposal of water in the United States. The company primarily operates in the Permian Basin, the Haynesville Shale, and the Williston Basin.
HSB Capital Advisors, an affiliate of Highstar Capital, L.P., is the general partner of QEP Midstream Partners.
In terms of financial performance, QEP Midstream Partners reported net income of $3.3 million for the third quarter of 2020, compared to a net income of $12.9 million in the third quarter of 2019. The company's revenue for the third quarter of 2020 was $120.7 million, compared to $132.7 million in the third quarter of 2019.
In terms of growth, QEP Midstream Partners has been focusing on expanding its operations in the Permian Basin and the Haynesville Shale through dropdown transactions with its parent company, QEP Resources, Inc. (QEP). In the third quarter of 2020, the company announced the acquisition of additional natural gas gathering and processing assets in the Permian Basin from QEP for approximately $240 million.
It is important to note that the stock market and the performance of individual stocks, including QEPM, can be influenced by a variety of factors, including macroeconomic conditions, industry trends, and company-specific performance. As such, it is important for investors to conduct their own research and consider seeking advice from a financial advisor before making investment decisions.