BP Midstream Partners (BPMP) Stock Price, News & Analysis

BP Midstream Partners LP (NYSE:BPMP) released its quarterly earnings data on Monday, November, 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by $0.11. The company had revenue of $26.30 million for the quarter, compared to the consensus estimate of $31.73 million. BP Midstream Partners had a net margin of 126.86% and a trailing twelve-month return on equity of 61.98%.

BP Midstream Partners (NYSE:BPMP) pays an annual dividend of $1.39 per share and currently has a dividend yield of 8.12%. BPMP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 99.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BPMP will have a dividend payout ratio of 91.45% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BPMP.

Based on aggregate information from My MarketBeat watchlists, some companies that other BP Midstream Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Pfizer (PFE), ONEOK (OKE), Intel (INTC), Magellan Midstream Partners (MMP), Altria Group (MO), BP (BP), Energy Transfer (ET) and Mplx (MPLX).

BP Midstream Partners (BPMP) raised $850 million in an initial public offering (IPO) on Thursday, October 26th 2017. The company issued 42,500,000 shares at $19.00-$21.00 per share. Citigroup, Goldman Sachs, Morgan Stanley, Barclays, Credit Suisse, J.P. Morgan and UBS Investment Bank served as the underwriters for the IPO and BofA Merrill Lynch, Deutsche Bank Securities, Mizuho Securities, MUFG, BNP PARIBAS, Credit Agricole CIB and SOCIETE GENERALE were co-managers.