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CNX Midstream Partners

DB:CM4
Snowflake Description

Undervalued with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CM4
DB
$632M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • CNX Midstream Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • CNX Midstream Partners has significant price volatility in the past 3 months.
CM4 Share Price and Events
7 Day Returns
-16.7%
DB:CM4
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-53.1%
DB:CM4
21.9%
DE Oil and Gas
-17.7%
DE Market
CM4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
CNX Midstream Partners (CM4) -16.7% -36.8% -54.6% -53.1% -70.7% -61.5%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • CM4 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • CM4 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
CM4
Industry
5yr Volatility vs Market

CM4 Value

 Is CNX Midstream Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of CNX Midstream Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for CNX Midstream Partners.

DB:CM4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CM4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (112.4%))
1.352
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.352 * 5.44%)
6.97%

Discounted Cash Flow Calculation for DB:CM4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for CNX Midstream Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CM4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.97%)
2020 135.00 Analyst x1 126.21
2021 179.80 Analyst x1 157.15
2022 212.57 Est @ 18.22% 173.69
2023 239.43 Est @ 12.64% 182.90
2024 260.34 Est @ 8.73% 185.92
2025 275.94 Est @ 5.99% 184.23
2026 287.20 Est @ 4.08% 179.26
2027 295.07 Est @ 2.74% 172.18
2028 300.38 Est @ 1.8% 163.86
2029 303.81 Est @ 1.14% 154.94
Present value of next 10 years cash flows $1,680.00
DB:CM4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $303.81 × (1 + -0.39%) ÷ (6.97% – -0.39%)
$4,114.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,114.31 ÷ (1 + 6.97%)10
$2,098.28
DB:CM4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,680.00 + $2,098.28
$3,778.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,778.28 / 89.74
$42.1
DB:CM4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CM4 represents 0.90724x of NYSE:CNXM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90724x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 42.10 x 0.90724
€38.20
Value per share (EUR) From above. €38.20
Current discount Discount to share price of €6.39
= -1 x (€6.39 - €38.20) / €38.20
83.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price CNX Midstream Partners is available for.
Intrinsic value
>50%
Share price is €6.39 vs Future cash flow value of €38.2
Current Discount Checks
For CNX Midstream Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • CNX Midstream Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • CNX Midstream Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for CNX Midstream Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are CNX Midstream Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CM4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.44
NYSE:CNXM Share Price ** NYSE (2020-03-30) in USD $7.04
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of CNX Midstream Partners.

DB:CM4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CNXM Share Price ÷ EPS (both in USD)

= 7.04 ÷ 2.44

2.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNX Midstream Partners is good value based on earnings compared to the Europe Oil and Gas industry average.
  • CNX Midstream Partners is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does CNX Midstream Partners's expected growth come at a high price?
Raw Data
DB:CM4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
25.8%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:CM4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.88x ÷ 25.8%

0.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNX Midstream Partners is good value based on expected growth next year.
Price based on value of assets
What value do investors place on CNX Midstream Partners's assets?
Raw Data
DB:CM4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.97
NYSE:CNXM Share Price * NYSE (2020-03-30) in USD $7.04
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:CM4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CNXM Share Price ÷ Book Value per Share (both in USD)

= 7.04 ÷ 5.97

1.18x

* Primary Listing of CNX Midstream Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • CNX Midstream Partners is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess CNX Midstream Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. CNX Midstream Partners has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CM4 Future Performance

 How is CNX Midstream Partners expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is CNX Midstream Partners expected to grow at an attractive rate?
  • CNX Midstream Partners's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • CNX Midstream Partners's earnings growth is expected to exceed the Germany market average.
  • CNX Midstream Partners's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CM4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CM4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 25.8%
DB:CM4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CM4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CM4 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 378 260 263 2
2020-12-31 339 228 203 1
2020-03-30
DB:CM4 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 306 217 156
2019-09-30 295 225 145
2019-06-30 282 209 138
2019-03-31 265 188 125
2018-12-31 257 180 121
2018-09-30 248 172 108
2018-06-30 243 175 106
2018-03-31 239 163 106
2017-12-31 234 156 109
2017-09-30 230 152 108
2017-06-30 234 154 104
2017-03-31 236 153 99

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • CNX Midstream Partners's earnings are expected to grow significantly at over 20% yearly.
  • CNX Midstream Partners's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CM4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from CNX Midstream Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CM4 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.47 2.47 2.47 1.00
2023-12-31 2.35 2.35 2.35 1.00
2022-12-31 2.24 2.24 2.24 1.00
2021-12-31 3.13 4.12 2.14 2.00
2020-12-31 2.07 2.07 2.07 1.00
2020-03-30
DB:CM4 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.44
2019-09-30 2.28
2019-06-30 2.17
2019-03-31 1.96
2018-12-31 1.90
2018-09-30 1.70
2018-06-30 1.66
2018-03-31 1.67
2017-12-31 1.72
2017-09-30 1.71
2017-06-30 1.67
2017-03-31 1.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if CNX Midstream Partners will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess CNX Midstream Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
CNX Midstream Partners has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CM4 Past Performance

  How has CNX Midstream Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare CNX Midstream Partners's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • CNX Midstream Partners has delivered over 20% year on year earnings growth in the past 5 years.
  • CNX Midstream Partners's 1-year earnings growth exceeds its 5-year average (29% vs 27.2%)
  • CNX Midstream Partners's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (29% vs -4.1%).
Earnings and Revenue History
CNX Midstream Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from CNX Midstream Partners Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CM4 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 305.80 155.60 29.80
2019-09-30 295.11 145.02 29.43
2019-06-30 282.11 138.11 29.16
2019-03-31 265.02 124.79 29.60
2018-12-31 256.67 120.66 30.36
2018-09-30 247.55 108.08 29.62
2018-06-30 243.24 105.55 28.70
2018-03-31 238.76 106.14 26.35
2017-12-31 233.85 109.38 24.07
2017-09-30 229.98 107.79 25.19
2017-06-30 234.05 103.54 25.06
2017-03-31 235.92 98.60 24.73
2016-12-31 239.21 93.96 23.53
2016-09-30 240.17 92.22 21.18
2016-06-30 233.19 88.33 21.39
2016-03-31 222.50 80.19 21.64
2015-12-31 203.42 69.82 22.28
2015-09-30 187.12 21.16 21.27
2015-06-30 169.14 21.13 19.02
2015-03-31 149.23 19.55 16.49
2014-12-31 130.17 15.07 13.15
2014-09-30 109.60 52.57 9.61
2014-06-30 92.83 43.65 8.50
2014-03-31 77.10 32.75 6.07
2013-12-31 65.63 28.12 4.33

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst CNX Midstream Partners has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • CNX Midstream Partners used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • CNX Midstream Partners has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess CNX Midstream Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
CNX Midstream Partners has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CM4 Health

 How is CNX Midstream Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up CNX Midstream Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • CNX Midstream Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • CNX Midstream Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of CNX Midstream Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from CNX Midstream Partners Company Filings, last reported 2 months ago.

DB:CM4 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 456.61 705.91 0.03
2019-09-30 438.40 639.93 1.74
2019-06-30 425.04 601.69 11.68
2019-03-31 407.00 530.10 0.07
2018-12-31 399.31 477.22 3.97
2018-09-30 383.26 436.98 0.95
2018-06-30 373.35 404.17 0.71
2018-03-31 493.05 412.65 1.97
2017-12-31 751.11 149.50 3.19
2017-09-30 733.83 157.00 3.84
2017-06-30 726.33 161.00 4.87
2017-03-31 740.40 162.00 6.02
2016-12-31 725.26 167.00 6.42
2016-09-30 848.91 41.00 4.20
2016-06-30 840.69 47.00 5.10
2016-03-31 830.59 74.00 14.27
2015-12-31 803.14 73.50 0.22
2015-09-30 740.66 56.50 1.21
2015-06-30 689.10 23.00 0.16
2015-03-31 652.22 7.50 0.46
2014-12-31 582.76 31.30 3.25
2014-09-30 519.24 0.00 7.35
2014-06-30 444.88 0.00 9.37
2014-03-31 401.52 0.00 3.41
2013-12-31 368.07 0.00 5.98
  • CNX Midstream Partners's level of debt (154.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (5.3% vs 154.6% today).
  • Debt is well covered by operating cash flow (30.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7x coverage).
X
Financial health checks
We assess CNX Midstream Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. CNX Midstream Partners has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CM4 Dividends

 What is CNX Midstream Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
23.54%
Current annual income from CNX Midstream Partners dividends. Estimated to be 25.52% next year.
If you bought €2,000 of CNX Midstream Partners shares you are expected to receive €471 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • CNX Midstream Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • CNX Midstream Partners's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CM4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CM4 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 1.66 1.00
2023-12-31 1.66 1.00
2022-12-31 1.84 3.00
2021-12-31 1.87 4.00
2020-12-31 1.76 4.00
2020-03-30
DB:CM4 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-23 1.657 15.428
2019-10-16 1.600 10.770
2019-07-19 1.546 10.866
2019-04-17 1.493 10.187
2019-01-16 1.441 9.261
2018-10-18 1.392 7.891
2018-07-27 1.344 6.795
2018-04-19 1.298 6.753
2018-01-23 1.253 6.681
2017-11-02 1.210 6.954
2017-07-24 1.169 6.762
2017-04-21 1.128 5.582
2017-01-20 1.090 4.785
2016-10-26 1.052 4.791
2016-07-22 1.016 5.520
2016-04-21 0.980 6.120
2016-01-25 0.945 8.730
2015-10-28 0.912 8.650
2015-07-15 0.880 7.485
2015-04-22 0.850 4.566
2015-01-22 0.850 4.293

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, CNX Midstream Partners has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but CNX Midstream Partners only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of CNX Midstream Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess CNX Midstream Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can CNX Midstream Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. CNX Midstream Partners has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CM4 Management

 What is the CEO of CNX Midstream Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nick DeIuliis
COMPENSATION $10,278,908
AGE 50
TENURE AS CEO 2.2 years
CEO Bio

Mr. Nicholas J. DeIuliis, also known as Nick, serves as a Director and the President and Chief Executive Officer of CNX Resources Corporation. Prior to the separation of CONSOL Energy Inc. into two separate companies, Mr. DeIuliis had experience with CNX and in that time has held the positions of Chief Executive Officer since May 7, 2015, President since February 23, 2011, and previously served as the Chief Operating Officer, Senior Vice President – Strategic Planning, and earlier in his career various engineering positions. On January 3, 2018, Mr. DeIuliis was appointed Chairman of the Board and Chief Executive Officer of CNX Midstream Partners LP. He was a Director, President and Chief Executive Officer of CNX Gas Corporation from its creation in 2005 through 2009. Mr. DeIuliis was a Director and Chairman of the Board of the general partner of CONSOL Coal Resources LP from March 16, 2015 until November 28, 2017. Mr. DeIuliis is a member of the Board of Directors of the University of Pittsburgh Cancer Institute, the Center for Responsible Shale Development and the Allegheny Conference on Community Development. Mr. DeIuliis is a registered engineer in the Commonwealth of Pennsylvania and a member of the Pennsylvania bar.

CEO Compensation
  • Insufficient data for Nick to compare compensation growth.
  • Nick's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the CNX Midstream Partners management team in years:

1.5
Average Tenure
42
Average Age
  • The average tenure for the CNX Midstream Partners management team is less than 2 years, this suggests a new team.
Management Team

Nick DeIuliis

TITLE
Chairman & CEO of CNX Midstream GP LLC
COMPENSATION
$10M
AGE
50
TENURE
2.2 yrs

Chad Griffith

TITLE
President
COMPENSATION
$628K
AGE
42
TENURE
1.5 yrs

Don Rush

TITLE
CFO & Director of CNX Midstream GP LLC
COMPENSATION
$3M
AGE
36
TENURE
2.2 yrs

Jason Mumford

TITLE
Chief Accounting Officer & VP of SEC Financial Reporting and Controller of CNX Midstream GP LLC
AGE
39
TENURE
0.5 yrs

Tyler Lewis

TITLE
Vice President – Investor Relations

Olayemi Akinkugbe

TITLE
Executive VP & Chief Excellence Officer of CNX Midstream GP LLC
AGE
45
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the CNX Midstream Partners board of directors in years:

2.2
Average Tenure
50
Average Age
  • The average tenure for the CNX Midstream Partners board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nick DeIuliis

TITLE
Chairman & CEO of CNX Midstream GP LLC
COMPENSATION
$10M
AGE
50
TENURE
2.2 yrs

Chad Griffith

TITLE
President
COMPENSATION
$628K
AGE
42
TENURE
1 yrs

Don Rush

TITLE
CFO & Director of CNX Midstream GP LLC
COMPENSATION
$3M
AGE
36
TENURE
2.2 yrs

Angela Minas

TITLE
Independent Director of CNX Midstream GP LLC
COMPENSATION
$235K
AGE
55
TENURE
5.5 yrs

John Jackson

TITLE
Independent Director of CNX Midstream GP LLC
COMPENSATION
$195K
AGE
61
TENURE
5.2 yrs

Ray Betler

TITLE
Independent Director of CNX Midstream GP LLC
COMPENSATION
$195K
AGE
63
TENURE
2.4 yrs

Hayley Scott

TITLE
Independent Director of CNX Midstream GP LLC
AGE
47
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess CNX Midstream Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. CNX Midstream Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CM4 News

Simply Wall St News

CM4 Company Info

Description

CNX Midstream Partners LP owns, operates, develops, and acquires natural gas gathering and other midstream energy assets in the Marcellus Shale and Utica Shale in Pennsylvania and West Virginia. The company operates through two segments, Anchor Systems and Additional Systems. As of December 31, 2019, the company operated 18 compression and dehydration facilities. It also operates condensate handling facilities with handling capacities of 2,500 barrels per day in Majorsville, Shirley, and West Virginia that provide condensate gathering, collection, separation, and stabilization services. CNX Midstream GP LLC serves as a general partner of the company. The company was formerly known as CONE Midstream Partners LP and changed its name to CNX Midstream Partners LP in January 2018. CNX Midstream Partners LP was founded in 2014 and is based in Canonsburg, Pennsylvania.

Details
Name: CNX Midstream Partners LP
CM4
Exchange: DB
Founded: 2014
$572,614,409
89,736,622
Website: http://www.cnxmidstream.com
Address: CNX Midstream Partners LP
CNX Center,
1000 CONSOL Energy Drive,
Canonsburg,
Pennsylvania, 15317,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CNXM Common Units New York Stock Exchange US USD 25. Sep 2014
DB CM4 Common Units Deutsche Boerse AG DE EUR 25. Sep 2014
Number of employees
Current staff
Staff numbers
0
CNX Midstream Partners employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 23:05
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/02/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.